A recent report by Point2Homes revealed a significant trend in which suburbs across major U.S. metros are transitioning from predominantly owner-occupied homes to becoming renter-majority regions. This shift is particularly pronounced in Dallas, which has seen a nearly 18% growth in renter households, outpacing cities. The data shows that between 2018 and 2023, the number of suburbs where renters outnumber homeowners has shifted from 233 to 203, highlighting a growing trend of increased leasing in suburban areas, driven by affordability challenges in homeownership.
The demographic shift is stark: suburbs are evolving from primarily owner-occupied areas to zones where the majority are renters, reflecting the growing unaffordability of homeownership.
With a 18% surge in renter households, Dallas suburbs showcase a significant shift, as affordability constraints push more residents toward leasing rather than buying homes.
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