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n Wilmington and beyond, a new kind of community is sprouting up: build-to-rent neighborhoods where single-family homes or townhomes are managed by professionals. This trend is fueled by two main drivers: people's craving for more space and seclusion, and the reality that high interest rates have made homeownership less accessible. With over 4,000 units already in place, Wilmington's build-to-rent market is thriving – but experts predict a slowdown in new developments on the horizon.

    As North Carolina continues to see strong demand for housing, one thing is clear: build-to-rent communities are gaining traction both locally and statewide. According to a recent report from Berkadia, a national multifamily real estate investment firm, Wilmington boasts an impressive 4,000+ build-to-rent units, with nearly 2,600 of them ready for renters in 2024.