Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
MidwestMultifamily

U.S. becoming a nation of renters? Not yet

Dan Rafter February 16, 2018
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Is the United States becoming a nation of renters? You might think so when reading all the headlines about the number of U.S. adults becoming “renters by choice.” But in the United States, owning a home is still, by far, the most common choice of households.

This doesn’t mean, though, that renting hasn’t become an attractive option to more U.S. households. Just look at the latest study from RENTCafe.

Owning a home has long been part of the American Dream. And households that own far outpace those that rent. But according to the latest research by RENTCafe, renting in the United States has steadily become a more popular option for adults. Since the Great Recession, the rentership share in the United States has fluctuated beteween 36 percent and 37 percent.

During this time, the United States has ranked fourth in the globe for renter growth, behind just Denmark, Ireland and the United Kingdom, according to RENTCafe.

RENTCafe says that renter households currently make up 36.2 percent of all the households in the United States. The share of renter households here grew 9.3 percent from 2010 through 2015.

RENTCafe found that renting is on the rise in 21 of the 30 countries the company studied. The United Kingdom had the fastest growth in renter households, 21.6 percent in five years.

Still, even with the growth in renting, owning is still the most popular choice in most of the countries studied by RENTCafe. The compnay found that from 2010 through 2015, only one of the 30 countries in the study shifted from owner- to renter-majority. That was Switzerland, where 56.6 percent of the housing units are now renter-occupied.

Tags
apartmentsmultifamilynationalRENTCaferenter households
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
TexasCRE

Chelby Sanders joins Cresa

September 22, 2023
IllinoisIndustrial

Lee & Associates of Illinois acts as sole broker in full-building Des Plaines industrial lease

September 22, 2023
IllinoisCRE

Golub & Company honors Debbie Frank’s legacy with Buck-It Bash fundraiser

September 22, 2023
IndianaRetail

Marcus & Millichap brokers 12,268-square-foot CVS in Indianapolis

September 22, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com