What percentage of Americans rent?
renter statistics reflect a decline in homeownership, with 36% of American households renting their home. 78.7 million out of a total 122.8 million households are homeowning. 44.1 million households rent their homes. 2.7% of occupied housing units are second homes.
How many people rent in the US in 2020?
The size of the average renting household declined 5.2% in 2020. 100.9 million people live in rental housing, a 7.4% decline year-over-year (YoY).
How many people in US are behind in rent?
Rent debt remains at crisis levels: nearly 6 million households are behind on rent, including about 7 million children. As of mid-August 2021, 5.9 million renter households — 15 percent of all renters — were behind on their rent payments.
How many apartments rent in USA?
According to data from the 2015 American Housing Survey, there are nearly 48.5 million rental units in the United States, 43.9 million of which are occupied.
What state has the most renters?
College Station-Bryan, Texas tops the list with a renter population of 59.1%, followed by Athens-Clarke County, Ga. at 57.5% and Killeen, Texas at 56.0%.
Who is behind on rent?
The vast majority of renters who are behind have experienced job and income losses during the pandemic: 80 percent have lost employment income. 77 percent of renters who are behind are people of color, and 77 percent earn less than $50,000. Only 6 percent of households with incomes $75,000 or more are behind on rent.
How many families rent in the US?
Of the nearly 44.1 million renter households in 2019, more than 45% paid rent equal to 30% or more of their gross household income (30% being a common rule of thumb for how much of a person’s gross income should be spent on housing).
How big is the US rental market?
The market size, measured by revenue, of the Apartment Rental industry is $174.2bn in 2021. What is the growth rate of the Apartment Rental industry in the US in 2021? The market size of the Apartment Rental industry is expected to decline -3.9% in 2021.
Who owns the most rental properties in the US?
The largest owner of apartments in the United States is Tennessee-based real estate investment trust MAA, who owned 100,490 apartments as of 2021.