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Face (par) amount of debt instrument at time of issuance.

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Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

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Amount, excluding unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

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Debt - Additional Information (Details) $ in Thousands											12 Months Ended
Debt - Additional Information (Details) $ in Thousands	Dec. 28, 2022 USD ($)	Oct. 25, 2022	Sep. 13, 2022 USD ($)	Sep. 02, 2022 USD ($)	Aug. 25, 2022 USD ($)	Aug. 19, 2022 USD ($)	Aug. 12, 2022 USD ($)	Apr. 08, 2022 USD ($)	Mar. 10, 2022	Mar. 01, 2021 USD ($)	Dec. 31, 2022 USD ($) property	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Jan. 31, 2023 USD ($)	Dec. 30, 2022 USD ($)	Mar. 18, 2022 USD ($) home	Feb. 08, 2022 USD ($)	Jan. 13, 2022 USD ($) home	Dec. 28, 2020 USD ($) home
Debt Instrument [Line Items]
Credit facilities, net											$ 1,580,108	$ 391,703
Number of real estate properties \| property											25
Loss on extinguishment of debt											$ 3,469	0	$ 0
Credit facilities proceeds received											1,190,000	430,000	20,000
Debt payable, net											2,601,229	768,545
Write off of deferred debt issuance cost											3,500	0	0
Interest Expense
Debt Instrument [Line Items]
Amortization of debt issuance costs											$ 8,000	$ 3,900	$ 700
Interest Rate Swap and Cap
Debt Instrument [Line Items]
Debt, weighted average interest rate											1.9508%
Derivative, notional amount											$ 1,300,000
NexPoint Homes
Debt Instrument [Line Items]
Debt payable, net											$ 567,400
Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.60%
Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.45%
Debt, Without Effect of Derivative Financial Instruments
Debt Instrument [Line Items]
Debt, weighted average interest rate											6.0684%	2.3707%
Debt, Including Effect of Derivative Financial Instruments
Debt Instrument [Line Items]
Debt, weighted average interest rate											4.9101%	2.9171%
KeyBank N.A \| Prager Portfolio
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity																	$ 150,000
Loss on extinguishment of debt								$ 1,000
Arbor Agency Lending, LLC \| Hatchway Broadmoor Mortgage
Debt Instrument [Line Items]
Number of real estate properties \| home																		98
Debt instrument, interest rate, stated percentage																		5.35%
Debt instrument, face amount																		$ 4,600
Debt instrument prepayment fee						$ 600
Metropolitan Life Insurance Company
Debt Instrument [Line Items]
Credit facilities, net											$ 171,200
Debt instrument, interest rate, stated percentage							5.44%
Line of credit facility, maximum borrowing capacity							$ 200,000
KeyBank \| Revolving Credit Facility
Debt Instrument [Line Items]
Credit facilities, net											62,500
Line of credit facility, maximum borrowing capacity							$ 75,000				85,000				$ 10,000
KeyBank \| Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate							1.85%
KeyBank \| Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate							2.70%
Initial Mortgage \| KeyBank N.A \| Federal Home Loan Mortgage Corporation (Freddie Mac) Mortgage Loan
Debt Instrument [Line Items]
Debt instrument, amortization of principal term		36 months
Warehouse Facility \| KeyBank N.A \| Line of Credit \| VB One, LLC
Debt Instrument [Line Items]
Debt instrument, extension term		12 months
Credit facilities, net											$ 1,300,000
Warehouse Facility \| KeyBank N.A \| Line of Credit \| VB One, LLC \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		0.10%
CoreVest Note \| CoreVest American Finance Lender LLC
Debt Instrument [Line Items]
Number of real estate properties \| home																			45
Loans payable																			$ 2,400
Debt instrument, interest rate, stated percentage																			6.12%
JPM Facility \| JP Morgan \| VB Three, LLC
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity										$ 500,000
JPM Facility \| JP Morgan \| VB Three, LLC \| Subsequent Event
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity														$ 350,000
Line of credit facility, remaining borrowing capacity														$ 30,000
JPM Facility \| JP Morgan \| VB Three, LLC \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate									2.85%
JPM Facility \| JP Morgan \| VB Three, LLC \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate										2.75%
Crestcore II Note \| CoreVest American Finance Lender LLC
Debt Instrument [Line Items]
Number of real estate properties \| home																88
Debt instrument, interest rate, stated percentage																5.12%
Debt instrument, face amount																$ 4,700
Crestcore IV Note \| CoreVest American Finance Lender LLC
Debt Instrument [Line Items]
Number of real estate properties \| home																82
Debt instrument, interest rate, stated percentage																5.12%
Debt instrument, face amount																$ 4,200
Bridge Facility II \| KeyBank N.A \| Global Atlantic Portfolio
Debt Instrument [Line Items]
Loss on extinguishment of debt			$ 1,800
Credit facilities proceeds received				$ 35,000	$ 165,000
Bridge Facility II \| KeyBank N.A \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Global Atlantic Portfolio
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate					2.60%
Bridge Facility III \| Raymond James Bank
Debt Instrument [Line Items]
Credit facilities proceeds received	$ 75,000
Bridge Facility III \| Raymond James Bank \| Maximum Outstanding Principal, Tranche One
Debt Instrument [Line Items]
Credit facilities proceeds received	50,000
Bridge Facility III \| Raymond James Bank \| Maximum Outstanding Principal, Tranche Two
Debt Instrument [Line Items]
Credit facilities proceeds received	30,000
Bridge Facility III \| Raymond James Bank \| Maximum Outstanding Principal, Tranche Three
Debt Instrument [Line Items]
Credit facilities proceeds received	$ 15,000
Bridge Facility III \| Raymond James Bank \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	3.00%