These Phoenix Suburbs Have Seen The Biggest Increase In Renters | Living In Phoenix Arizona
THESE PHOENIX SUBURBS HAVE SEEN THE BIGGEST INCREASE IN RENTERS
LIVING IN PHOENIX, ARIZONA
These Phoenix Suburbs Have Seen The Biggest Increase In Renters
Key Insights:
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- Between 2018 and 2023, the number of renter households increased faster in the suburbs than the main city in five of the 20 largest U.S. metros. Dallas was chief among them, with one more metro (Miami) seeing its share of renter households expand at quite similar rates in both the city and its suburbs.
- During the same period, 15 suburbs switched from owner-majority to renter-majority.
- Currently, 203 suburbs are dominated by renters, as renter households here outnumber owner households.
- In 15 suburbs, the number of renter households more than doubled in the five years between 2018 and 2023. In particular, Fulshear, TX, and Woodbridge, VA, saw those numbers simply explode.
- In terms of net numbers, it’s Frisco, TX that leads the way, with more than 10,000 renter households added since 2018. McKinney, TX; Woodbridge, VA; and Grand Prairie, TX follow suit with more than 5,000 new renter households.
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Natan Jacobs, Vestis Group
Call: 602-281-6202
Email: Info@Vestis-Group.com