Study: Renters Prefer Suburbs in Most Major Metros

May 30, 2017

Study: Renters Prefer Suburbs in Most Major Metros

May 18, 2017 | by  | RebusinessOnline

The days of renting in the city and buying in the suburbs may have come to an end.

According to a recent study from national apartment locator service RentCafé, in 19 of America’s 20 largest metros, the suburbs are attracting more renters than urban neighborhoods.

Between 2011 and 2015, several metros — New York, Los Angeles, Houston, Philadelphia — experienced greater overall population growth in urban neighborhoods than in suburban ones. However, only Philadelphia saw a greater year-over-year percentage increase in the growth of renter households inside the city limits as opposed to outside of them

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