Many Single-Family Renters Wish They Weren't Renting At All
Millennials and blue-collar workers comprise much of the renter demographic.
June 01, 2022 at 07:43 AM
2 minute read
Real Estate News
The original version of this story was published on Law.com
The profile of the single-family renter is shifting as the COVID-19 pandemic has generated higher expectations around amenities and quality of life as residents spend more time at home.
And although a move to the suburbs was already happening before the pandemic, the drive to single-family rentals has only accelerated, according to panelists at IMN's Single-Family Rent Forum (East).
Addressing an audience at Loews Miami Beach Hotel last week, the panelists said the average-single family renter in many markets is now between the ages of 24 and 40, a change from earlier profiles.
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