- Multifamily renter households with incomes over $100,000 (HighIncome Renter Households) are a fast-growing market segment but they account for only 13% of all U.S. multifamily renter households.
- High-Income Renter Households are highly concentrated in just six large metro areas.
- Although High-Income Renter Households can theoretically afford rents of $2,500 per month and higher without being “rent burdened,” most spend far less.
- High-Income Renters are more likely to live with a spouse and be in their 30s than other multifamily renters.
- High-Income Renters are more likely to live in the urban core than other renters, but most still live in the suburbs.
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