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From Home Furnishing Business

Fast Fact: In 2017, Half of Renters Above 25 Were 45 and Over

Fast FactThe Great Recession was a catalyst for many households choosing to rent versus buying a home. Now safely past the recession, data from the U.S. Census Bureau shows that the appeal of renting has not slowed down.

As expected, renter-occupied housing leans toward younger age groups with 8.6 percent of all renters under the age of 25. With that said, apartment rentals are increasingly growing into a broader mix of old and young. For households over age 25 in 2017, about half of all renters were age 45 and over.

For a closer look at the data, click here.

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