ResiClub
Posts
Flock Homes-ResiClub Real Estate Investor Survey, as told by 14 charts

Flock Homes-ResiClub Real Estate Investor Survey, as told by 14 charts

Here are the full results to the Q2 2025 Flock Homes-ResiClub Real Estate Investor Survey.

Meghan Malas
April 21, 2025

Before we get to today’s article…

This morning, a ResiClub reader asked us for a map showing home much metro area home prices are still up since March 2020.

At the end of March 2025, national home prices were still +43% above March 2020 levels, according to the Zillow Home Value Index.

—> 97% of those gains occurred between March 2020 and July 2022 during the Pandemic Housing Boom

Click here to view an interactive version of the map below

Flock Homes-ResiClub Real Estate Investor Survey—Q2 2025

In today’s issue, you’ll see the full results of the Q2 2025 edition of the Flock Homes-ResiClub Real Estate Investor Survey. You can find our Q4 2024 survey here.

Flock Homes has empowered hundreds of clients with the 721 exchange, a powerful tax and retirement strategy enabling landlords to fully leave behind the hassles of real estate investing without sacrificing cash flow or triggering capital gains taxes. Flock's team of experts holds decades of collective real estate and investment experience, hailing from institutions including J.P. Morgan, Progress Residential, and State Street Global Advisors.

In total, 245 real estate investors who own investment/rental properties completed the Flock Homes-ResiClub Real Estate Investor Survey, which was fielded between March 31 and April 7, 2025. To those who participated in the survey: THANK YOU!

Some findings —>

23% of U.S. real estate investors surveyed said their home insurance costs have risen by more than +50% over the past 5 years
45% of U.S. real estate investors say that 'purchase price relative to the market' has had the greatest impact on long-term performance when acquiring properties
41% of U.S. real estate investors believe their real estate investment returns are 'far better' than what they would’ve earned in the stock market
6% of U.S. real estate investors believe their real estate investment returns are 'far worse’ than what they’ve have earned in the stock market
32% of U.S. real estate investors said 'unexpected maintenance costs' are ‘the most underestimated risk in rental property investing’, followed by 26% who cited 'tenant-related issues’
56% of U.S. real estate investors we surveyed said they’re focused on maintaining their portfolio size—only 36% said ‘grow’

Let’s look at the results.

Among the 245 real estate investors who participated in the -ResiClub Real Estate Investor Survey, here’s how many rental/investment properties they own:

1-4 units —> 55.9%

5-19 units —> 26.9%

20-99 units —> 11.8%

100+ units —> 5.3%

How we grouped the regions by state in the survey 👇

Midwest: IA, IL, IN, KS, MI, MN, MO, ND, NE, OH, SD, and WI

Northeast: CT, DC, DE, MA, MD, ME, NH, NJ, NY, PA, RI, and VT

Southeast: AL, AR, FL, GA, KY, LA, MS, NC, SC, TN, VA, and WV

Southwest: AZ, NM, OK, and TX

West: AK, CA, CO, HI, ID, MT, NV, OR, UT, WA, and WY

Over the past week, ResiClub PRO members (paid tier) got 3 additional housing research articles:

The 2025 spring housing market, as told by America's largest homebuilder D.R. Horton