Patterns of Corporate Ownership of Single Family Home Rentals: San Joaquin County

In this brief, CNK researchers analyze the trends, ownership patterns and geographic distribution of single family home (SFH) rentals in San Joaquin County and Stockton. The rise of SFH rentals since the foreclosure crisis (approximately from late 2007 to 2014) has been a major concern to many community groups in low-income neighborhoods because of the loss of the opportunity to home ownership and inability for families to build wealth through home equity.

Our analysis finds that there are both national and local large-scale corporate investors operating in San Joaquin County, but that a large majority of single-family rentals are owned by smaller entities, including mom-and-pop owners. Many single family rentals are located in Stockton and in particular, South Stockton, which on average tend to be poorer and majority communities of color. Given the potential dangers, it is critical to diligently monitor foreclosures and the purchasers of distressed properties.