72.4% of Georgia Homes Are Single-Family

The ongoing repercussions of the COVID-19 pandemic continue to shape the U.S. real estate market, influencing both the geographical preferences of families and their housing choices.

Initially, the pandemic prompted a migration of families from densely populated urban areas to more spacious homes in rural or suburban settings. Contributing factors such as increased personal savings rates, the rise of remote work flexibility, and historically low interest rates fueled a substantial demand for larger single-family homes.

In recent years, however, rising home prices and interest rates have strained affordability, particularly for first-time buyers and younger families with limited budgets. Return-to-office mandates by employers further complicate housing decisions. Taken together, these changes have increased demand for more affordable multi-family housing options, evident in recent construction trends.

Trends in Single-Family Residential Construction

High interest rates and housing costs have put downward pressure on single-family construction

Source: Construction Coverage analysis of Census Bureau data | Image Credit: Construction Coverage

Since the peak of the U.S. housing bubble in the early 2000s, the proportion of housing units authorized for single-family homes has decreased significantly—from 78.0% in 2005 to 58.9% in 2015. Although there was a modest rebound in single-family construction post-2015, which gained momentum during the initial year of the pandemic amid heightened demand, this surge has since subsided. In 2023, only 61.8% of new construction was allocated to single-family units.

While as many as 89% of homebuyers would prefer a single-family home, recent construction trends diverge from this sentiment. This underinvestment has led to an estimated shortfall of approximately 6.5 million single-family homes, a primary contributor to elevated housing prices.

Owned vs. Rented Single-Family Housing

Only about one-third of renters live in single-family units, compared to 89% of owners

Source: Construction Coverage analysis of Census Bureau data | Image Credit: Construction Coverage

Americans’ strong preference for single-family homes observed during the early stages of the pandemic also extended to the rental market before softening in recent months. Only about one-third of renters (31.4%) live in single-family units, compared to 88.5% of owners. But during the pandemic, there was a notable surge in demand for single-family rentals, causing rent prices to reach record levels. According to CoreLogic, single-family rents experienced double-digit percentage increases year-over-year in 2021 and 2022 before stabilizing in 2023.

Single-Family Housing by Location

New York is the only state in which single-family homes account for <50% of total

Source: Construction Coverage analysis of Census Bureau data | Image Credit: Construction Coverage

But while adequate supply of single-family homes is a current challenge, single-family units remain the norm in most places. New York is the only state where multi-family units constitute the majority of housing (46.8% single-family units). In contrast, 35 states have 70% or more single-family units, with Idaho (78.3%), Iowa (78.2%), and Kansas (78.1%) leading the way.

Among large cities with populations exceeding 350,000, the share of single-family housing varies from a high of 74.2% in Detroit to a low of 17.0% in New York City. However, when considering cities with populations of 100,000 or more, numerous suburbs of larger urban areas boast a share of single-family homes exceeding 90%. Examples include Rio Rancho, NM (suburb of Albuquerque), Buckeye, AZ (suburb of Phoenix), and Lehigh Acres, FL (suburb of Fort Myers).

This analysis was conducted by Construction Coverage . To determine the locations with the most single-family homes, researchers calculated the percentage of housing units that are single-family, defined as “single unit, detached” or “single unit, attached”.

Here is a summary of the data for Georgia:

Percentage of housing units that are single-family: 72.4%Percentage of owner housing units that are single-family: 90.3%Percentage of renter housing units that are single-family: 37.9%Total single-family housing units: 2,963,649Total housing units: 4,092,467

For reference, here are the statistics for the entire United States:

Percentage of housing units that are single-family: 68.6%Percentage of owner housing units that are single-family: 88.5%Percentage of renter housing units that are single-family: 31.4%Total single-family housing units: 89,152,389Total housing units: 129,870,928

For more information, a detailed methodology, and complete results, see U.S. Cities With the Most Single-Family Homes on Construction Coverage.