Homeowners in Oregon and Arizona are increasingly weighing the option to rent out their properties if they remain unsold, according to an April 19 announcement. The trend is driven by a rise in so-called “accidental landlords,” people who planned to sell but decided to rent after their homes lingered on the market.
This shift matters because it reflects changing real estate dynamics, with more owners seeking alternatives when traditional sales slow down. According to Zillow, about 2.3% of homes available for rent were previously listed for sale, marking the highest share in nearly six years.
Experts say homeowners should carefully evaluate whether their property is suitable as a rental. Factors include location, condition of the home, and local rental demand. C&C Property Management said: “If your home would struggle to stand out or command the rent you need, that’s something to take seriously. Just because you can rent it doesn’t mean it’s the best option for you.” Owners must also be prepared for landlord responsibilities such as maintenance issues and managing tenants.
Financial considerations are important as well. Bankrate notes that renting involves higher insurance premiums—landlord insurance typically costs about 25% more—as well as possible management fees around 10% of monthly rent, routine maintenance expenses, advertising costs for finding tenants, and potential periods without rental income.
Before deciding between selling or renting, experts recommend discussing options with a real estate agent who may suggest changes in pricing or marketing strategy that could help sell the property faster. For some homeowners in areas like Medford and Grants Pass in Oregon or Scottsdale in Arizona—where rental demand is steady—renting can provide interim income while waiting for better market conditions or buyers.
The broader implication is that both markets present opportunities but also challenges; each homeowner must weigh personal finances against ongoing responsibilities before making a decision.
