Suburban growth has come mostly from renters, not homeowners, study finds

[galleyfox]

Denverpost reporting on a study from RENTCafe. Might be interesting if there is other data available to support it.

https://www.denverpost.com/2021/10/0...rowth-renters/

The very definition of suburban living has been rewritten throughout the last decade as suburbs in the nation’s 50 largest metros gained 4.7 million people since 2010 — a whopping 79% of whom were renters, according to the latest U.S. Census data. Today, about 21 million people rent a suburban home in the 50 largest U.S. metros — 3.7 million more than 10 years ago. What’s more, between 2010 and 2019, the number of suburban renters grew by 22% — a number that dwarfs the 3% increase in suburban homeowners during the same period.

Due to these changes in numbers since 2010, renters claimed the majority share in 103 suburbs, while only four suburbs transitioned to owner-majority in the same timeframe. Moreover, the latest Census data shows that nearly two out of every five people in today’s suburbia are renters, making up an average share of 39% in the suburbs of our largest metros.

https://www.rentcafe.com/blog/rental...y-this-decade/

[Obadno]

Originally Posted by galleyfox

Denverpost reporting on a study from RENTCafe

https://www.denverpost.com/2021/10/0...rowth-renters/


https://www.rentcafe.com/blog/rental...y-this-decade/

I think you'll find that s north America continues to develop and grow (it is still largely undeveloped) renting will increase. It is an inevitability land is finite