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New "Who Owns America" Report Maps Corporate Ownership of Residential Land


News provided by

Lincoln Institute of Land Policy

Nov 20, 2025, 08:35 ET

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Center for Geospatial Solutions
Center for Geospatial Solutions
In Baltimore’s McElderry Park neighborhood, more than 42 percent of residential parcels are corporate-owned. Source: Center for Geospatial Solutions.
In Baltimore’s McElderry Park neighborhood, more than 42 percent of residential parcels are corporate-owned. Source: Center for Geospatial Solutions.
Lincoln Institute of Land Policy (PRNewsfoto/Lincoln Institute of Land Policy)
Lincoln Institute of Land Policy (PRNewsfoto/Lincoln Institute of Land Policy)

New national analysis by the Lincoln Institute of Land Policy and the Center for Geospatial Solutions examines landownership patterns and offers policy solutions to preserve community affordability.

CAMBRIDGE, Mass., Nov. 20, 2025 /PRNewswire/ -- A new report from the Lincoln Institute of Land Policy and the Center for Geospatial Solutions (CGS) reveals where corporations have gained a significant foothold in residential real estate across the United States. The analysis of corporate ownership of residential land finds that corporations now own 8.9 percent of residential parcels in 500 counties across the US. While this national share stands at roughly 1 in 11 parcels, corporate ownership exceeds 20 percent in communities including St. Louis, Missouri, Harrisonburg, Virginia, and Franklin County, Ohio, illustrating deeply uneven impacts across the country.

To enhance previous studies that have focused on housing units, this analysis examines corporate ownership at the parcel level, establishing a national baseline for understanding how landownership in the United States is changing. Crucially, by using a standardized and repeatable approach, the findings allow policymakers to validate lived experience, compare trends across cities and over time, and target policy solutions where they are needed most. Landownership shifts carry significant economic, environmental, and social implications for communities nationwide, and will inform future versions of the report.

The Center for Geospatial Solutions (CGS), a nonprofit data services provider operating out of the Lincoln Institute, analyzed residential parcel information from nearly 500 counties, uniquely tracing ownership records across state lines and corporate structures, providing visibility that is typically fragmented or inaccessible. The report identifies 25 county hot spots that have the highest rates of corporate control and takes a closer look at three postindustrial cities—St. Louis, Cleveland, and Baltimore—to illustrate the connections between corporate investor activity and local demographics.

The report is the latest in CGS' efforts to bring decision-ready data to communities. Developed using Who Owns America® (WHOA), a proprietary parcel ownership classification methodology, the approach offers a consistent, scalable way to understand who owns what. CGS has worked directly with federal agencies, cities, and nonprofits to apply WHOA in emerging contexts, including identifying faith-based land suitable for affordable housing, assessing investor activity in local markets, and supporting post-COVID housing policy analysis. In the coming weeks, the Lincoln Institute will utilize CGS' WHOA analysis of government-owned land for affordable housing to launch a national campaign aimed at advancing policy solutions that enable the development of local- and state-owned land for public needs, such as affordable housing or other nature-based solutions.

"Policymakers can't protect affordability if they can't see who controls the land beneath our feet," said Jeff Allenby, director of innovation at CGS. "Geospatial, parcel-level visibility reveals how corporate investment is shaping housing––from national patterns to city blocks. Leaders need this clarity to respond to emerging pressures in real time and deploy interventions where they're needed most."

The report goes beyond data analysis to provide actionable policy recommendations designed to help communities preserve housing affordability and maintain local control of residential land. Solutions detailed in the report include creating rental registries, providing property tax relief programs, pursuing philanthropic or municipal buybacks, investing in homebuyer assistance, limiting harmful practices through legislation, offering rights of first refusal, launching community land trusts, and building on local- and state-owned public land.

"It's clear that corporate ownership of residential property is here to stay—and might even continue increasing," said George McCarthy, president and CEO of the Lincoln Institute. "However, this report offers a look into key trends, establishing a national baseline that policymakers, reporters, and communities can use to best understand how to move forward."

The full report is free to access and is available on the Lincoln Institute's website.

About the Lincoln Institute of Land Policy

The Lincoln Institute of Land Policy seeks to improve quality of life through the effective use, taxation, and stewardship of land. A nonprofit private operating foundation whose origins date to 1946, the Lincoln Institute researches and recommends creative approaches to land as a solution to economic, social, and environmental challenges. Through education, training, publications, and events, we integrate theory and practice to inform public policy decisions worldwide. We organize our work around three impact areas: land and water; land and fiscal systems; and land and communities. We envision a world where cities and regions prosper and benefit from coordinated land use planning and public finance; where communities thrive from efficient and equitable allocation of limited land resources; and where stewardship of land and water resources ensures a livable future. We work globally, with locations in Cambridge, Massachusetts; Washington, DC; Phoenix, Arizona; and Beijing, China.

About the Center for Geospatial Solutions

Established in 2020, the Center for Geospatial Solutions (CGS) is a nonprofit data services provider operating out of the Lincoln Institute of Land Policy. Our mission is to enable data-driven decisions for the greater good of land, water, and people. CGS builds open data platforms, decision-support systems, and mapping tools that help external partners address urgent challenges such as housing affordability, climate resilience, broadband access, and

sustainable water management. Our team of award-winning technologists specializes in transforming complex data into actionable insights, empowering governments, nonprofits, and communities to act with confidence. We believe better data leads to bolder action—and a better future for people and the planet.

SOURCE Lincoln Institute of Land Policy

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