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323.APARTMENTS Blog


 

Fastest-Growing Renter Segment Is High-Income Earners

3/7/2019

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Top earners, or Americans making $150,000 or more per year, are the fastest-growing renter segment, according to apartment search website RENTCafé. After analyzing recent U.S. Census data, the research team at the company found that more than 1.35 million high-income households became renters between 2007 and 2017, a 175% increase.
As of today, there are 43.3 million renters nationwide, with 2.1 million in the high-income category. In 2007, RENTCafé reports, only 774,000 people were represented in the demographic.

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SOURCE: MultiFamily Executive
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  • Company
    • Testimonials
    • Blog
    • Contact
  • Leasing
    • Eviction Moratorium
    • Residential Leasing
    • Apartment Listings
    • Testimonials
    • FBI Crime Index
    • Applicant Forms
    • Pay Application Fee
  • Property Management
    • For Residents
    • Report Maintenance
  • Construction
    • Contractor Login
    • Subcontractors Notice
    • Add to Vendor List
    • Construction Invoicing
    • Construction Blog
  • Brokerage
    • Apartment News
    • Economic News
    • Mortgage News
    • Real Estate News
    • PropTech News
  • My Account
    • Sign In
    • Sign Up
    • Pay Rent
    • Submit Request
    • Mobile Apps