35 Million Renters – and Growing

The Rental Market Today

35 Million People Rent, according to US Government statistics. The number continues to grow for a number of reasons.

Often cited facts of why people rent:


  • job market is not stable

  • millenials not anxious to own – unsure of their own future

  • people electing to live in metro areas – limited funds to purchase

  • investors able to pay cash purchasing homes ahead of owner occupants

  • foreclosure purchased by investors who are not selling – creating communities of renters

These are just some of the reasons.

Developers rush to build rental communities
Over the past 8 years, the increase in rental communities has shot up dramatically as investor/developers scramble to create rental communities that people today are looking for.

Features include:


  • pools (indoor or out)

  • gyms

  • community rooms / play rooms – so not part of your unit

  • indoor outdoor recreation

  • easy transportation options – mass transit or even Zip Car access

  • flexible lease options – move up/down / short term etc

  • pet friendly

  • services on site – laundry, day care, pet sitting etc







These features and more make it easier for many.

However, there are still many forced into renting due to:


  • saving for down payment

  • beat out by investor

  • job loss or downsized

  • delayed two earner (ie. being single)

  • job requires travel

  • divorce/death of partner

  • distance to travel to work – easier to rent

  • unsure of future

We will be discussing this in more detail on RentLaw.com

See Rent vs. Buy on RentLaw.com

Profile photo of David Dorfman
About David Dorfman 33 Articles
David Dorfman , Internet Consultant, Licensed New Jersey and Florida Real Estate Agent, Investor in Real Estate and Real Estate Technology.
Skip to toolbar