Diving Deeper: California’s Unique Rental Market in the National Context | The LA Insider

California's rental market differs from other major states, with fewer large landlords. Texas and Florida have more corporate-owned rental properties, while New York has a similar situation to California but with slightly more large landlord ownership. Midwestern states have a higher proportion of small landlords. California's high cost of living leads to higher rental incomes, which contribute to the state's economy but also create an affordability crisis. The unique rental market in California requires balanced policies for sustainability and equity.