Decline in Homeownership Rate will Boost Rental Demand

Middleburg Staff

June 11, 2020

The Future of Homeownership is Crucial to Understanding Rental Demand

Changes in the homeownership rate are important to understand because even a small increase or decrease in the rate can have large implications on rental housing demand. As of 2018, there were 121.5 million households in the United States, meaning a one percent change in the homeownership rate indicates a shift of 1.2 million households from for-sale to rental housing or vice versa. To put this in perspective, the US added, on average, 11 million households per year across all housing types, from 2015 to 2018.

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