{"id":2595,"date":"2015-01-27T13:23:55","date_gmt":"2015-01-27T21:23:55","guid":{"rendered":"https:\/\/www.rentecdirect.com\/blog\/?p=2595"},"modified":"2022-06-16T09:36:28","modified_gmt":"2022-06-16T16:36:28","slug":"where-renters-rule-metros-with-more-renters-than-owners","status":"publish","type":"post","link":"https:\/\/www.rentecdirect.com\/blog\/where-renters-rule-metros-with-more-renters-than-owners\/","title":{"rendered":"Where Renters Rule &#8211; Metros With More Renters Than Owners"},"content":{"rendered":"<p><a href=\"https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2015\/01\/rent-vs-own-house.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2596 size-full\" src=\"https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2015\/01\/rent-vs-own-house.png\" alt=\"Renting vs. Owning \" width=\"693\" height=\"402\" srcset=\"https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2015\/01\/rent-vs-own-house.png 693w, https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2015\/01\/rent-vs-own-house-300x174.png 300w, https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2015\/01\/rent-vs-own-house-600x348.png 600w\" sizes=\"(max-width: 693px) 100vw, 693px\" \/><\/a>Trending reports in the property management industry support the notion of a renter based society, while <a title=\"Real Estate News\" href=\"http:\/\/money.usnews.com\/money\/personal-finance\/articles\/2014\/12\/09\/what-real-estate-trends-to-expect-in-2015\" target=\"_blank\" rel=\"noopener\">real estate news<\/a> hints at renting taking a back seat as the housing market stabilizes and mortgage payments become more affordable. \u00a0While both sides of the rent versus own housing market prediction debate seem to have adequate support, a look at data from <a title=\"Apartment Guide Blog\" href=\"http:\/\/www.apartmentguide.com\/blog\/more-renters-than-homeowners\/\" target=\"_blank\" rel=\"noopener\">Apartment Guide<\/a>\u00a0reveals areas where renter occupied homes clearly surpass owner occupied homes.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2015\/01\/Metros-with-more-renters-MAP1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2604 size-full\" src=\"https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2015\/01\/Metros-with-more-renters-MAP1.png\" alt=\"Metros with more renters than owners\" width=\"693\" height=\"621\" srcset=\"https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2015\/01\/Metros-with-more-renters-MAP1.png 693w, https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2015\/01\/Metros-with-more-renters-MAP1-300x269.png 300w, https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2015\/01\/Metros-with-more-renters-MAP1-600x538.png 600w\" sizes=\"(max-width: 693px) 100vw, 693px\" \/><\/a>New York City and its surrounding metro area top the charts with 190,801 more renter occupied homes over owner occupied homes. \u00a0\u00a0Los Angeles-Long Beach-Santa Ana region of California follows with 56,927 more renter occupied homes than owner occupied homes.<\/p>\n<p><a href=\"https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2015\/01\/Metros-with-more-renters-t.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-2601 size-large\" src=\"https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2015\/01\/Metros-with-more-renters-t-600x738.png\" alt=\"regions with more renters than owners\" width=\"600\" height=\"738\" srcset=\"https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2015\/01\/Metros-with-more-renters-t-600x738.png 600w, https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2015\/01\/Metros-with-more-renters-t-244x300.png 244w, https:\/\/www.rentecdirect.com\/blog\/wp-content\/uploads\/2015\/01\/Metros-with-more-renters-t.png 717w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>New York City and Los Angeles are notorious for big populations and high priced homes, so it is not surprising they rank at the top of renter dominated markets. \u00a0But other cities on the list from Apartment Guide shows that college towns attract more renters than owners. \u00a0Small towns that host a least one college or university bring more renters as students populate the area. \u00a0Students looking for off campus housing, who do not meet financial requirements for home-ownership or do not want to set up a permanent residence opt for renting.<\/p>\n<ul>\n<li>Salinas, CA has 5,661 more renter occupied homes than owned homes and is home to Hartnell Community College and Heald College.<\/li>\n<li>College Station-Bryan, TX has 3,261 more renter occupied homes and is home Texas A&amp;M University.<\/li>\n<li>Pullman, WA has 3,217 more renter occupied homes than owner occupied homes and is home to Washington State University.<\/li>\n<li>Manhattan, KS has 3,181 more renter occupied homes than owner occupied homes and is home to Kansas State University.<\/li>\n<li>Carbondale, IL has 1,669 more renter occupied homes than owner occupied homes and is home to Southern Illinois University.<\/li>\n<li>Starkville, MS has 1,539 more renter occupied homes than owner occupied homes and is home to Mississippi State University.<\/li>\n<li>Laramie, WY has 1,342 more renter occupied homes than owner occupied homes and is home to University of Wyoming.<\/li>\n<li>Statesboro, GA has 982 more Renter occupied homes than owner occupied homes and is home to Georgia Southern University.<\/li>\n<\/ul>\n<p>Although\u00a0renters account\u00a0for the majority of household types in these regions, \u00a0renter-occupied households seems to be a trend across the nation, even if they don&#8217;t outnumber homeowners. \u00a0Multifamily Executive (MFE) <a title=\"The Best (and Worst) Markets for rent in 2015\" href=\"http:\/\/www.multifamilyexecutive.com\/business-finance\/the-best-and-worst-markets-for-rents-and-vacancies-in-2015_o\" target=\"_blank\" rel=\"noopener\">published a report<\/a>\u00a0last\u00a0month predicting a\u00a0high demand for rental properties and increased rental rates throughout the upcoming year.<\/p>\n<p><strong>Are you a property manager or landlord who has noticed an increase in renters compared to home-owners in your region? \u00a0Let us know in the comments.\u00a0<\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trending reports in the property management industry support the notion of a renter based society, while real estate news hints at renting taking a back seat as the housing market stabilizes and mortgage payments become more affordable. \u00a0While both sides of the rent versus own housing market prediction debate seem to have adequate support, a [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":2596,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":true,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[275],"tags":[591,637],"class_list":["post-2595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education","tag-industry-trends","tag-rent-vs-own","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the 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