Study: Renters’ Rise Extends Beyond Big U.S. Cities to Suburbs
As more of America’s big-city residents have become renters in the last decade, so have their suburban neighbors. That’s according to a study that New York University’s Furman Center real estate think tank and the bank Capital One are releasing Tuesday.
It finds the number of renters grew faster on the outskirts of the nation’s 11 most populous cities than within them between 2006 and 2014.
Still, the study shows some of the nation’s biggest rental markets have become more, not less, affordable to their typical tenants.
The report adds to other data that have charted a rise in renters nationwide in recent years.
It analyzes census data on Atlanta, Boston, Chicago, Dallas, Houston, Los Angeles, Miami, New York, Philadelphia, San Francisco, Washington and their suburbs.
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