Search
 
Research

Behold, the Millionaire Renter

The number of renter households with incomes of more than $1 million reached a record high in 2020.

More than 2.6 million high earners are living in rentals across the US, according to RentCafe. giving rise to a new type of tenant: the millionaire renter.

The number of renter households with incomes of more than $1 million reached a record high of 3,381 in 2020, a RentCafe analysis shows, triple that of 2015.  Millennials make up 28% of the category, followed by Gen X at 23%.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Lynn Pollack

Recommended Stories

GlobeSt. Multifamily Fall 2024Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.