0
0
0

Near-Majority of Atlanta Residents Now Live in Rental Housing

by Peter Thomas Ricci

Just how dramatic has housing shifted towards rentals, in the last seven years?

nyc-furman-center-rental-housing-owner-units-real-estate-trends

Forty-nine percent of Atlanta residents now live in rental housing, a tiny increase up from 47 percent in 2006; furthermore, the renter population in Atlanta is up 7 percent in the last seven years, and while construction of rental units is up 16 percent, construction of owner units is down 9 percent.

Those were some of the findings in a hugely informative study from the NYU Furman Center, which set out to chronicle the U.S. trend away from ownership and towards renting; we’ve long heard that major U.S. cities were embarking on such trends, the Furman Center study has shed a new light on just how pronounced that transformation has been.

See our infographic below for more details:

Read More Related to This Post

Join the conversation

New Subscribe