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In some Minnesota suburbs, a new kind of housing development is beginning to take shape: entire neighborhoods of newly built single-family homes designed specifically for renters. Industry experts say the developments of large, luxury homes with garages and yards managed by investment companies are becoming more common.

Supporters argue the communities offer flexibility and another option in a tight housing market, while critics worry they could further complicate affordability and reshape the path to homeownership for many Minnesotans. 

MPR News host Nina Moini spoke to Laura Russ, the executive director of the Shenehon Center for Real Estate at the University of St. Thomas, about the rise of built-to-rent housing developments and what they could mean for the future of housing in Minnesota.

Use the audio player above to listen to the full conversation.

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We attempt to make transcripts for Minnesota Now available the next business day after a broadcast. When ready they will appear here.

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A new housing trend is growing across Minnesota suburbs: neighborhoods of newly built single-family homes designed specifically for renters. Supporters say the developments offer flexibility in a tight housing market, while critics question what they could mean for affordability and homeownership in the future.

Live, down to earth, unscripted interviews that aim to connect, inform and entertain. Real people share real stories with Nina Moini. It’s journalism that doesn’t take itself too seriously and puts people first.

Minnesota Now - Why developers are building more luxury single-family rental homes in Minnesota

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Why developers are building more luxury single-family rental homes in Minnesota

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