Portrait of a Long-Term Renter


Graph from the long-term renter profile.As a real estate agent who believes in the dream of home ownership, it can be hard to get in the mindset of that segment of the population known as the “long-term renter.” Given all the benefits of home ownership, what drives someone to opt to rent? You might be surprised to find out that there are long-term renters across generational lines.

“According to the Zillow Group Report on Consumer Housing Trends, 56 percent of today’s renters are millennials (ages 18 to 34). While a majority of renters are in their 20s and 30s, not everyone is in the under-40-club: 28 percent are part of Generation X (ages 35 to 49), and Baby Boomers (ages 50 to 64) make up another 12 percent.”

Zillow’s Porchlight Blog has an insightful, data-driven article¬†which looks at the perspectives of long-term renters. Expand your understanding and gain a clearer understanding of the values which long-term renters hold by reading this piece:

http://www.zillow.com/blog/portrait-of-a-long-term-renter-207810/

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