{"id":7965,"date":"2018-01-30T00:00:00","date_gmt":"2018-01-30T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/is-it-still-a-good-time-to-be-a-landlord\/"},"modified":"2018-01-30T00:00:00","modified_gmt":"2018-01-30T00:00:00","slug":"is-it-still-a-good-time-to-be-a-landlord","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/is-it-still-a-good-time-to-be-a-landlord\/","title":{"rendered":"Is It Still a Good Time to Be a Landlord?"},"content":{"rendered":"

\n<\/p>\n

<\/p>\n

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.<\/p>\n

RentCafe, an apartment and house rental listing<\/a> company, recently analyzed U.S. Census data to study the change in the number of people living in renter- and owner-occupied housing<\/a> units over a decade. They compared data from the years 2006 and 2016.<\/p>\n

Over the last decade, the U.S. population has grown by 23.7 million people. The number of renters has increased by more than 23 million and homeowners by less than 700,000, according to Census data. The overall renter population has risen by more than a quarter in a decade.<\/p>\n

Landlords may particularly be finding a boost in the nation\u2019s largest cities. Rentership growth has outpaced homeownership in 97 of the 100 largest cities, according to RentCafe. The following 10 cities are where the renter ratio has increased the most from 2006 to 2016, according to RentCafe\u2019s analysis.<\/p>\n

\"\"<\/p>\n

Despite the large gains, many cities are still a long way from having a renter majority, and homeownership is far from becoming an endangered species, according to the study.<\/p>\n

RentCafe reports: \u201cUndoubtedly, the recession had a great impact on homeownership. \u2026 However, it looks like it takes more to discourage Americans from buying a house<\/a> than that. As the years go by, it seems more and more certain that the fact that renting has seen a sudden gain in popularity is more a reaction to the economic crisis than a paradigm shift in the Americans\u2019 attitude toward housing.\u201d<\/p>\n

From 2007 to 2015, the renter population has been growing faster than the owner population. However, in 2010, the gap started to show signs of closing. By 2016, the trend started looking more similar to what it did prior to the recession. The number of homeowners has risen by 0.9 percent, while the number of renters has decreased slightly by 0.1 percent on a national level, according to the report.<\/p>\n

Source: \u201cRenters Became the Majority Population in 22 Big U.S. Cities,\u201d RentCafe Blog (Jan. 25, 2018)<\/em><\/p>\n<\/div>\n

Realtors <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The renter population is outpacing homeowners in many of the nation\u2019s largest cities. The most recent … Is It Still a Good Time to Be a Landlord?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7966,"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":[981,518,1403,12908,543,627,617,344,289,1007,41,818,479,678,645],"class_list":["post-7965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-a-house","tag-america","tag-buy","tag-home","tag-home-buying-guide","tag-homeowners","tag-house","tag-housing","tag-landlord","tag-owners","tag-property","tag-real","tag-realtor","tag-rental","tag-renting"],"jetpack_publicize_connections":[],"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":7965,"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":7691,"url":"https:\/\/amazingproperty.com.ng\/blog\/renting-population-drops-as-prices-bump-up\/","url_meta":{"origin":7965,"position":1},"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":692,"url":"https:\/\/amazingproperty.com.ng\/blog\/this-law-has-landlords-everywhere-worried\/","url_meta":{"origin":7965,"position":2},"title":"This Law Has Landlords Everywhere Worried","author":"Amazing Property","date":"February 9, 2017","format":false,"excerpt":"[ad_1] Portland, Ore., city council members want to put a stop to landlords sticking renters with higher rents. Last week, City Council members approved a \u201crelocation assistance\u201d bill that is raising eyebrows of landlords across the country. Here\u2019s what the new bill does: If a landlord raises the rent by\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":3958,"url":"https:\/\/amazingproperty.com.ng\/blog\/is-the-homeownership-rate-finally-stabilizing\/","url_meta":{"origin":7965,"position":3},"title":"Is the Homeownership Rate Finally Stabilizing?","author":"Amazing Property","date":"April 28, 2017","format":false,"excerpt":"Is This the New Normal for Homeownership? The U.S. homeownership rate was 63.6 percent in the first quarter of 2017, barely budging from last quarter\u2019s reading of 63.7 percent, the U.S. Census Bureau reports. 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Hispanic homeownership soared to a record high and\u2026","rel":"","context":"In "Property owner"","block_context":{"text":"Property owner","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/property-owner\/"},"img":{"alt_text":"Black homeownership","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/03\/b4279ecd3c95b212680af28f57c5155a-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/03\/b4279ecd3c95b212680af28f57c5155a-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/03\/b4279ecd3c95b212680af28f57c5155a-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/03\/b4279ecd3c95b212680af28f57c5155a-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2022\/03\/b4279ecd3c95b212680af28f57c5155a-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":663,"url":"https:\/\/amazingproperty.com.ng\/blog\/is-this-the-new-normal-for-homeownership\/","url_meta":{"origin":7965,"position":5},"title":"Is This the New Normal for Homeownership?","author":"Amazing Property","date":"February 7, 2017","format":false,"excerpt":"The homeownership rate is on the decline again. 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