{"id":4171,"date":"2017-05-04T00:00:00","date_gmt":"2017-05-04T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/are-the-suburbs-having-a-rental-boom\/"},"modified":"2017-05-04T00:00:00","modified_gmt":"2017-05-04T00:00:00","slug":"are-the-suburbs-having-a-rental-boom","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/are-the-suburbs-having-a-rental-boom\/","title":{"rendered":"Are the Suburbs Having a Rental Boom?"},"content":{"rendered":"

\n<\/p>\n

<\/p>\n

After the recession, renters\u2014particularly millennials\u2014were flocking to urban areas, and as such, urban apartment construction surged to record-high levels. But now, a new study shows that’s changing. Renters are now targeting the suburbs in greater numbers.<\/p>\n

\n

Read more<\/strong>: Millennials Want the ‘Anti-Suburb Suburb’<\/span><\/p>\n<\/blockquote>\n

From 2011 to 2015, suburban areas outpaced urban areas in renter household gains in 19 of the 20 largest U.S. metros. The suburbs of St. Louis, Atlanta, Boston, and Riverside, Calif., all gained three times more renters than their urban areas, a new analysis by Rent Caf\u00e9 notes.<\/p>\n

In the 20 metros that Rent Caf\u00e9 analyzed, about 700,000 new suburban renter households were added during the five-year period from 2011 to 2015. On the other hand, the total number of new renter households was 600,000\u2014or 100,000 less.<\/p>\n

Metros like Phoenix saw an increase of 23 percent in renter households in 2015 than in 2011, while renter households in its urban areas grew by 14 percent. The Atlanta region saw a 26 percent increase in renter households to its suburban areas in that time, while its main urban areas only saw a 10 percent increase. In Riverside, Calif., rental households bloomed by 23 percent in 2015 over 2011, but urban renter households grew by only 13 percent.<\/p>\n

Rent Caf\u00e9 researchers speculate that cheaper rents may be one major factor driving new renters to the suburbs. On average, renters can save about a month\u2019s worth of rent in one year by opting to rent in the suburbs over an urban area, Rent Caf\u00e9 found in an analysis of the Yardi Matrix database in the 20 largest U.S. metros. In some locales, the savings may be even greater. For example, in New York, renters may save $1,600 per month on average\u2014or $19,200 per year\u2014by living in the suburbs rather than downtown, the analysis showed.<\/p>\n

\"\"<\/p>\n

Source: \u201cSuburb vs. City: Suburban Areas Are Gaining Renters Faster Than Urban Areas in 19 Out of 20 Largest Metros,\u201d Rent Caf\u00e9 Blog (May 3, 2017)<\/em><\/p>\n<\/div>\n

[ad_2]
\n
link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

After the recession, renters\u2014particularly millennials\u2014were flocking to urban areas, and as such, urban apartment construction surged … Are the Suburbs Having a Rental Boom?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":4172,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[2890,617,41,818,678,15296],"class_list":["post-4171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-construction","tag-house","tag-property","tag-real","tag-rental","tag-target"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/RentCafe%20chart.png?fit=863%2C793&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2445,"url":"https:\/\/amazingproperty.com.ng\/blog\/renters-now-dominate-in-half-of-cities\/","url_meta":{"origin":4171,"position":0},"title":"Renters Now Dominate in Half of Cities","author":"Amazing Property","date":"March 24, 2017","format":false,"excerpt":"Fifty-two of the 100 largest U.S. cities were majority renter in 2015, according to U.S. Census Bureau data. Since 2009, 21 cities had shifted to renter-rule. Renters now dominate in both hot housing markets such as Denver and San Diego and more tame markets like Detroit and Baltimore. Read more:\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7770,"url":"https:\/\/amazingproperty.com.ng\/blog\/buying-for-short-term-rental-success\/","url_meta":{"origin":4171,"position":1},"title":"Buying for short-term rental success","author":"Amazing Property","date":"January 10, 2018","format":false,"excerpt":"Buying an investment property doesn\u2019t always have to be about playing the long game. Some buyers want to get in, minimise their expenses and maximise their returns in the shortest possible time. If short-term rental success is your biggest priority, here\u2019s how you might approach your next investment property purchase.\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Inner City Rental 800x600.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/inner-city-rental_800x600.jpg?fit=800%2C600&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/inner-city-rental_800x600.jpg?fit=800%2C600&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/inner-city-rental_800x600.jpg?fit=800%2C600&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/inner-city-rental_800x600.jpg?fit=800%2C600&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":749,"url":"https:\/\/amazingproperty.com.ng\/blog\/10-most-sought-after-suburban-neighborhoods\/","url_meta":{"origin":4171,"position":2},"title":"10 Most Sought-After Suburban Neighborhoods","author":"Amazing Property","date":"February 13, 2017","format":false,"excerpt":"[ad_1] Households in the suburbs increased nearly 8 percent nationally from 2010 to 2017, while urban areas grew by 6.6 percent, according to an analysis by realtor.com\u00ae. Read more: Millennials Want Suburbs That Feel Like a City \u201cMost high-growth urban areas just don\u2019t have enough land, so prices are higher\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7691,"url":"https:\/\/amazingproperty.com.ng\/blog\/renting-population-drops-as-prices-bump-up\/","url_meta":{"origin":4171,"position":3},"title":"Renting Population Drops as Prices Bump Up","author":"Amazing Property","date":"January 4, 2018","format":false,"excerpt":"For the first time since 2004, the renter population decreased, according to the Annual Rent Report from ABODO, an apartment listing service. Still, renters continue to outpace owners, according to the report. There are about 43 million renters in the U.S., which is more than a third of U.S. households,\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"2017 Rent Trends By State.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/2017%20Rent%20Trends%20By%20State.png?fit=1000%2C938&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/2017%20Rent%20Trends%20By%20State.png?fit=1000%2C938&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/2017%20Rent%20Trends%20By%20State.png?fit=1000%2C938&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/2017%20Rent%20Trends%20By%20State.png?fit=1000%2C938&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":11219,"url":"https:\/\/amazingproperty.com.ng\/blog\/ex-urbanites-bring-rude-awakening-to-quiet-suburbs\/","url_meta":{"origin":4171,"position":4},"title":"Ex-Urbanites Bring Rude Awakening to Quiet Suburbs","author":"Amazing Property","date":"November 26, 2022","format":false,"excerpt":"Former urban dwellers who have fled to quieter, smaller towns during the pandemic may find resistance to their big-city lifestyles among their new neighbors. An estimated 5% of New York\u2019s population\u2014or more than 300,000 people\u2014moved to the suburbs over the last year, according to U.S. Postal Service data. Olga Avdaev,\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7965,"url":"https:\/\/amazingproperty.com.ng\/blog\/is-it-still-a-good-time-to-be-a-landlord\/","url_meta":{"origin":4171,"position":5},"title":"Is It Still a Good Time to Be a Landlord?","author":"Amazing Property","date":"January 30, 2018","format":false,"excerpt":"The renter population is outpacing homeowners in many of the nation\u2019s largest cities. The most recent data shows a slowing rental market as homeownership rates continue to gradually recover from the recession. RentCafe, an apartment and house rental listing company, recently analyzed U.S. Census data to study the change in\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Rentcafe Top10.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/RentCafe_top10.png?fit=814%2C653&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/RentCafe_top10.png?fit=814%2C653&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/RentCafe_top10.png?fit=814%2C653&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/RentCafe_top10.png?fit=814%2C653&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/4171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=4171"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/4171\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/4172"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=4171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=4171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=4171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}