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Rise in people renting homes in the biggest cities in the US

August 14, 2018 / Zillow

More people are renting a home in the largest cities in the United States with new research showing that the largest rise has been in Memphis, Las Vegas, and Honolulu. The majority of people rent instead of own in 29 of the 50 largest cities while in 2006, only 16 of the 50 largest cities were majority renter households, according to the latest study from real estate firm Zillow. Miami, New York, and Boston have the greatest share of renter households. Almost 70% of all households in Miami and New York, and 65% of all households in Boston, rent. The renter rate in Miami rose 6% over the past 10 years.