More Homes Become Rentals, Census Says

Daily Real Estate News | Tuesday, May 31, 2011

House for RentNearly 35 percent of occupied homes were rented in 2010, which is an increase of 33.8 percent from 2000, according to a USA Today analysis of U.S. Census data of more than 500 midsize and large cities.

Since the peak of the housing market in 2006, the number of renter households has grown — on average, by 692,000 a year — while the number of owner households is shrinking–on average, by 201,000 a year, according to the Census data.

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