It’s difficult to say whether there is a growing demand for rent-to-own homes as a whole, but it’s a niche market that has existed for some time. The demand for rent-to-own homes can fluctuate depending on the housing market and the overall economy.
During times of economic uncertainty or high unemployment, the demand for rent-to-own homes may increase as people look for more affordable options to enter the housing market. Rent-to-own can be a good option for people who cannot qualify for traditional mortgages due to their credit score or lack of a down payment.
On the other hand, during times of strong economic growth and low unemployment, the demand for rent-to-own homes may decrease as more people are able to qualify for traditional mortgages.
It’s also worth noting that the demand for rent-to-own homes can vary depending on the location and the specific property. Some properties may be more attractive to renters looking to purchase a home, while others may not be as desirable.
In general, it’s a niche market and it can be more common in certain areas and circumstances, but it’s not a mainstream type of housing.