Suburbs with the Biggest Boom in Renters

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Which suburbs have seen the largest boom in renters?  A recent report at RENTcafe analyzed data from Yardi and the U.S. Census Bureau to show which suburbs have led the way in the growth of rentals.  They looked into renter population changes between 2011 and 2016 to uncover the suburbs that peaked the most and analyzed the changes in rental prices.  From their research, they determined that the suburbs with a high influx of renters have also seen rents rise at a faster than the average pace.  Go figure…

“During the past few years, there has been a notable increased interest in suburban renting, whether caused by downsizing retirees, relocation or immigration. But some suburbs have led the way, seeing rapid development and spectacular gains in renter population.”

RENTcafe’s interactive table can be sorted five different ways to look at the data.

Click here to read the full story at RENTCafe.com.

 

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Director of Education & Outreach, National Real Estate Investors Association

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