Skip Navigation Links
ABOUT L2L
SERVICES
PRODUCTS
L2L MEMBERSHIP
NEWS & RESOURCES
CONTACT
HOME
EZINE SIGN UP

  Renter's Statistics 2005 -Click Here for More Articles-   
 

Renter's Statistics 2005

Part of properly operating your rental business is obtaining a clear understanding of your markets. The following are some interesting statistics of the rental market.

  •  One-third of all apartments are rented by someone under the age of 30.
  • Singles represent nearly half of all apartment households.
  • Single women who live alone account for over half of this group and 26 percent of all apartment households, making them the single largest household type in apartment housing.
  • Nearly one-quarter of all apartments are occupied by families with more than two members.
  • Unrelated roommates account for another 14 percent of all occupied apartments.
  • 30 percent of all apartment residents have incomes above the national median.
  • Apartment households represent the largest share of all households in the Northeast and West and in central cities, although their share is increasing in suburbs and even outside
    of metropolitan areas.
  • Apartment residents are found disproportionately in the largest metropolitan areas.
    The New York metro area ranks first by number of apartments, accounting for 10 percent Of the U.S. total; adding the next two metropolitan markets,Los Angeles and Chicago, brings the total to 20 percent.
  • 15 million households that reside in rental apartment homes
  • Who Lives in what?
    2.6%-Multifamily Owner-Occupants
    3.9%-Mobile Homes
    7.3%-Renters in 2 to 4 unit buildings
  • 12.2%-12.2% Single Family Renters
    14.8%-Apartment Renters
    60.3%-Single Family Owner/Occupants
    14.8 Million people live in apartments
    Annual growth of apartment dwellers:
    1995-2000-+.09%
    2000-2005-+1.1%
    2005-2010-+1.2%(est.)

     
 
 
   


  PRESS RELEASES:  Landlord2Landlord Introduces Member Rewards PRIVACY STATEMENT | CONTACT US 
About L2L
L2L Press Releases
FAQs
L2L Affiliations
Success Stories
Newsletters
Services
Pricing
Tenant Screening
Pre-Employment Screening
Collection Services
Tenant Report Cards
Bureau Debt Reporting
In-House Processing
Products
Credit Reports
Criminal Reports
Criminal Records Statistics
Courthouse Records
Courthouse Records Statistics
Credit Decisioning Services
Decisioning Benefits
Decisioning Features
L2L Membership
Why L2L
Small Apartment Owners
Large Apartment Owners
National/Regional Companies
Operating From Residence
Property Mgmt. Companies
Security Requirements
Business Requirements
Join Us
News & Resources
FCRA Compliance
For Employers
Fair Credit Reporting Act
Fair Credit Collections Act
Garnishments
FCRA Obligations
Consumer Credit Rights
Consumer Credit FAQs
Fixing Your Credit
Sharing Your Information
Consumer Fair Credit Probe
Credit Abuse Liability
Fair Credit Information Act
Tenant Screening
Rental Application Screening
Rental Eviction History
Credit Reporting
Reduce Property Damage
Recover Uncollected Rent
Bad Debts to Credit Bureaus
End Renter Fraud
Renter Qualifications Report
Criminal Background Checks
Credit Information
Rental Property Risk Management
Landlord Services
Employment Verification