Rush of Renters Creates New U.S. Markets
An influx of renters over the past decade has shaped U.S. suburbs, says a recent RENTCafé study. In the top 10 suburbs with heightened changes in renter share, they each saw increases by 55% or more. For example, Maple Heights, Ohio, which placed first on the list, had a 25% renter share in 2010. That rose to 47% in 2019, amounting to an 87% difference.
Other suburbs that made the top 10 include Eastpointe, Michigan (83% change); Diamond Bar, California (75%); Carpentersville, Illinois (67%); Horn Lake, Mississippi (64%); Kendale Lakes, Florida (62%); Bel Air South, Maryland (59%); Gurnee, Illinois (56%); Burleson, Texas (55%); and Roseville, Michigan (55%).
Overall, due to 3.7 million new renters, 103 U.S. suburbs made the switch to becoming renter-majority. For the full study, visit rentcafe.com.
Related stories
