Rhome

What Rhome does

Rhome (legal entity Rhome Exchange Inc., Delaware corporation, headquartered in Scottsdale, Arizona) is a technology-enabled co-ownership platform for residential primary residences, founded in 2024. The company facilitates purchases by groups of 2-4 co-owners through dedicated per-property legal ownership structures administered by Rhome Exchange Inc., with FHA financing enabling a 3.5% down payment split among co-owners. Its platform spans Property Search (browsing open-market listings without account creation), a Group Formation and Matching Marketplace, Pre-Qualification Facilitation with independent underwriting by lending partners, a Swap Marketplace enabling quarterly relocations across the network, and ongoing Asset Management covering expense splitting, governance, and default protection.

The core product architecture combines a proprietary per-property legal entity framework with documented governance agreements covering expense allocation, repairs, reserves, dispute resolution, and exit terms. Co-owners hold real equity (deed in their name) with interests weighted by bedroom allocation, distinguishing Rhome from timeshares or informal roommate arrangements. The company earns revenue through three streams: a flat $95/month per co-owner asset management fee, a 1% annual repair reserve contribution divided monthly among co-owners, and a $500 per-transaction swap fee (waived for chain-completing co-owners). Distribution is hybrid: a self-serve web platform pairs with a certified real estate agent network led by Realty Executives, plus preferred lending, insurance, and title partners.

Rhome targets three horizontal personas — young professionals (20s-30s) priced out of solo homeownership, co-owner groups (couples, friends, families), and active-duty military requiring relocation flexibility. Investors include Platform Venture Studio, Access Ventures, Elevate Ventures, and strategic partner Tonomus. Founding leadership comprises co-founder/CFO Nolan Ryan and CTO Shahen Hovhannisyan. As of the available data, the platform reports 0 co-owners, 0 cities, and $0B in equity built publicly, suggesting the company is in pre-revenue or early-revenue stage despite a functioning product surface.

Name

Rhome

Legal name

Rhome Exchange Inc.

Website

https://rhome.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Residential Real Estate Co-Ownership Platform

NAICS

Residential Property Managers (531311)

SIC

Real Estate Operators (No Developers) & Lessors (6510), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Master-Planned Community & POA Management (BPAJAHAD)

Keywords

• Co-ownership platform
• Residential real estate
• Home ownership
• Property technology
• Real estate marketplace

Headquarters

HQ city

Scottsdale

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Asset Management Fee: Flat monthly fee of $95 per co-owner charged for governance and operational management. Covers co-owner default protection, automated expense splitting, concierge repair coordination, and ownership administration. No percentage of home value.
2. Swap Fee: $500 fee per swap transaction when co-owner transfers to another Rhome home. Waived if the co-owner is the last person to complete a swap chain. Marketplace also offers fee-free swap opportunities.
3. Repair Reserve Contribution: Annual repair reserve calculated at 1% of home's purchase price per year, divided by 12, divided by number of co-owners. Covers repairs not included in homeowner's insurance.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels7 records

Core offering

Rhome operates a co-ownership platform that lets two to four individuals jointly purchase a primary residence using FHA financing with as little as 3.5% down split among co-owners, with each co-owner holding a per-property legal ownership interest. The platform combines a property search, a co-owner matching marketplace, a standardized governance agreement, automated expense management, ongoing asset administration, and an in-network swap marketplace that lets co-owners relocate to another Rhome home.

Product overview

Rhome is a structured co-ownership platform for residential real estate, enabling 2-4 people to purchase primary residences together through dedicated ownership structures with FHA financing. The platform includes a Property Search (browsing open market homes), Group Formation and Matching Marketplace (invite friends or find compatible co-owners), Pre-Qualification Facilitation (independent FHA underwriting with 3.5% down split), and Swap Marketplace (relocation across the network). The Asset Management sub-product ($95/mo per co-owner) provides governance, default protection, expense management, and repair coordination. All homes require primary residence occupancy with no subleasing, held in per-property legal structures with documented governance agreements.

Differentiator

Problem solved

Functional benefit

Products and services

• Rhome Co-Ownership Platform End-to-end platform that lets two to four individuals jointly purchase a primary residence using FHA financing with as little as 3.5% down split among co-owners, with each co-owner holding a per-property legal ownership interest. The platform bundles property search, co-owner matching, governance documentation, expense management, and ongoing administration into a single offering for individual homebuyers.
• Rhome Property Search Search and discovery experience within the Rhome platform that lets prospective co-owners browse available homes and see each property's co-ownership terms.
• Co-Owner Matching Marketplace Marketplace component of the Rhome platform that connects individual buyers who lack a co-buyer network with potential co-owners for a specific property, supporting both pre-formed groups and solo buyers.
• Swap Marketplace Relocation service within the Rhome platform that lets an existing co-owner move into another Rhome-owned home, charged as a $500 per-transaction swap fee.
• Asset Management Service Recurring service that administers each jointly owned Rhome property for the duration of co-ownership, including governance administration, expense coordination, and co-owner support, billed at $95 per month per co-owner.
• Governance Agreement Framework Standardized governance package that defines co-owner rights, responsibilities, default handling, and dispute resolution rules for every jointly owned Rhome property.

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Realty ExecutivescoreChannel Partner/ Reseller/ DistributorReal estate brokerage partner providing affiliated agents for co-owner transactions. Part of agent certification and referral network program.
• Preferred Lending PartnerscoreChannel Partner/ Reseller/ DistributorLending partners providing FHA financing for Rhome co-ownership properties. Conduct independent underwriting; Rhome facilitates pre-qualification through platform.
• Preferred Insurance PartnerscoreChannel Partner/ Reseller/ DistributorInsurance partners providing homeowner's insurance policies for Rhome properties. Coordinate with Rhome for policy administration.
• Standard TitleminorOthersTitle company partner. Logo displayed in partnership section of website.
• Clear Title AgencyminorOthersTitle company partner. Logo displayed in partnership section of website.
• TonomusminorOthersStrategic partner. Logo displayed in partnership section of website.
• Housing Innovation LabminorOthersHousing innovation ecosystem partner. Logo displayed in partnership section of website.

Scale indicators5 records

Expansion highlights5 records

Direct peers

• Pacaso: Operates a co-ownership platform for luxury second homes using per-property LLCs with a managed marketplace and resale functionality. Directly analogous architecture to Rhome (per-property legal entity, scheduled swap/resale windows, ongoing management fee), but targets vacation homes rather than primary residences.

Emerging players

• Hometap: Home equity investment company that gives homeowners cash in exchange for a share of future home value. Addresses the same liquidity-and-affordability pain points Rhome targets, but through equity sharing on an existing single-owner home rather than multi-party co-purchase.
• Knock: Buy-before-sell home trade-in platform that lets customers move into a new home before selling their old one. Targets the same move-up and life-event-driven mobility pain point that Rhome's swap marketplace addresses for co-owners.
• Orchard (formerly Offerpad-owned brand): Home trade-in platform offering cash offers and bridge financing to simplify moves. Competes for the same customer (homebuyer needing flexibility) with an alternative financial product rather than co-ownership structure.
• Arrived Homes: Single-family rental fractional ownership platform allowing investors to buy shares of rental homes. Different asset class (single-family rentals, not primary residences) but architecturally similar: per-property ownership structure, ongoing management fee, marketplace liquidity for exit.
• Flyhomes: Tech-enabled brokerage offering buy-before-sell, cash offers, and AI-powered home search. Targets affordability-constrained homebuyers with a different mechanism (cash bridge) but the same primary residence segment Rhome serves.
• Ribbon: Cash offer and mortgage solutions company that helps homebuyers win in competitive markets. Operates in adjacent whitespace to Rhome (homebuying financing solutions) but does not enable multi-party ownership.
• Divvy (acquired by Blend): Rent-to-own platform that built a path from renting to ownership, addressing the same 'cannot afford to buy now' customer. Now part of Blend, it represents a scaled take on the rent-vs-own trade-off Rhome solves structurally through co-ownership.
• Loftium: Co-ownership-adjacent platform that helps buyers fund a down payment by hosting guests in a room, then buying back the investor's share. Alternative path to homeownership for affordability-constrained buyers, conceptually adjacent to Rhome's co-purchase model.

Others

• AcreTrader: Fractional ownership platform for farmland, applying a per-asset ownership structure and marketplace liquidity to a different asset class. Useful comparable for evaluating the broader fractional ownership operating model and recurring fee economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/JoinRhome

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rhome