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Who is paying rent?
The fastest growth in the apartment market comes from households making $50,000 a year and more. While still representing fewer households than those with lower incomes, the number of upscale renters has increased almost 5% annually over the past five years, according to National Multi Housing Council tabulations of U.S. Census Bureau data. The group making $50,000-plus (adjusted for inflation) represents 3.6 million households in the U.S., while slightly more than 6 million renting households make $20,000-$49,999, and another 6 million have incomes below $20,000.
More apartment households consist of a single female (24%) than any other living arrangement, followed by single males (21%), other (18%), husband/wife/kid(s) (13%), single parent (12%), and husband/wife only (11%).
home current issue top 10 resources
Buyers & sellers,
visit www.texasrealestate.com.
REALTORS®, visit www.texasrealtors.com.
