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Factoids offer brief snapshots of current topics pertinent to the Furniture industry based on our on-going research. Increase your grasp of current trends, consumer attitudes, and shifts within the industry through solid statistics and concise insight.

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Housing Shifts from Owners to Renters Financial Characteristics of Householders 2009 to 2014


This is the final factoid in a series of three factoids detailing a rise of renters in the Housing Industry over the past five years. Since 2009, renting has increased among householders of all ages, marital status, and income level. 

Overall, apartment dwelling is increasing across all income levels 2009 to 2014. Households with incomes under $100,000 have been slowly migrating away from homeownership toward apartments. For incomes $50,000 to $99,999, ownership decreased by 6.0 percent while rentals increased 23.9 percent. The number of housing units with income under $50,000 declined in total 3.6 percent, with owner occupied units taking the hit. This income group makes up 65.8 percent of rental units.

Source: U.S. Census Bureau, American Community Survey (ACS)

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FastFact: High Income Renters on the Rise