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Percentage of Rentals
Posted By Jim the Realtor On May 31, 2011 @ 1:07 pm In Psycho-babble,Real Estate Investing | 5 Comments
Hat tip to JP for sending this along, from USAToday.com: [1]
[2]In the aftermath of the nation’s housing-market collapse and recession, more than 500 midsize and large cities have seen a rise in the share of homes that are rented rather than owned, according to a USA TODAY analysis of Census data.
Nationally, 34.9% of occupied homes were rented in 2010 compared with 33.8% in 2000, according to Census data.
Almost 4 million homes have been lost to foreclosures in the past five years, turning many former owner-occupied homes into rentals.
The shift to rental housing is potentially long-lasting and portends changes for neighborhood stability and how people build wealth, economists say.
“The changes are big but glacial,” says Mark Zandi, economist at Moody’s Analytics.
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Percentages of homes rented in SD cities with at least 50,000 people:
| Local City | % Rentals | Diff from 2000 |
| Carlsbad | ||
| El Cajon | ||
| Encinitas | ||
| Escondido | ||
| Oceanside | ||
| San Diego | ||
| San Marcos | ||
| Vista |
I’m not sure if 1-3% change over ten years equals big changes, but hey, Zandi said it!
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[1] USAToday.com:: http://www.usatoday.com/money/economy/housing/2011-05-30-renters-owners-census_n.htm
[2] Image: http://www.bubbleinfo.com/wp-content/uploads/2011/05/house-rental.jpg
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