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US Ranks (Barely) in Top 10 for Renter Share

The world’s largest economy ranks a little higher among developed nations for renter growth over a five-year period, according to RentCafe.

Skyline of Gilbert, AZ A small town of 7,500 30 years ago and a city of more than 200,000 today, Gilbert, AZ had the fastest growth in renter share of households over a five-year period.

SANTA BARBARA, CA—How does the US renter pool rank among those of other developed nations? Surprisingly low, as it turns out. Although the world’s wealthiest nation does figure in the top 10, with renters comprising 36.2% of all US households it’s on the bottom rung of the top-10 ladder, according to RentCafe.

In fact, says RentCafe, “in a majority of countries around the world people still prefer owning their homes.” Switzerland was the only one of 30 countries analyzed in which renters comprise more than half of all households.

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Paul Bubny

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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