With the Valley’s homeownership rate down more than 8 percent since 2005, one Phoenix-based home builder has created a solution for millennials and baby boomers who don’t want to be tied down by mortgages.

NexMetro Communities offers single-story, detached rental homes with backyards in its Avilla Homes neighborhoods. The homes and landscape are maintained by the property management company, which takes a lot of responsibility off residents’ shoulders, Executive Vice President Josh Hartmann said.

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