Study: More People In Atlanta’s Suburbs Are Renting
Thomas Hawk / flickr.com/thomashawk/
A new study finds a growing trend in Atlanta’s suburbs: more people are renting homes rather than buying them.
“The renter population in the Atlanta metro area grew by more than half a million people between 2006 and 2014 — with almost all that growth happening outside of Atlanta’s city limits,” said Brian Karfunkel, senior data analyst with New York University’s Furman Center.
The report Karfunkel co-authored for the think tank looked at rental housing in 11 major metro areas in the U.S., and showed that, more and more, renting is a suburban phenomenon.
That was especially true in metro Atlanta. Over the eight-year period surveyed, the share of suburban residents renting increased from 26 percent to 35 percent — one of the largest increases among the metro areas studied, Karfunkel said.
The findings partly reflect the difficulty some in the area now face in buying a home, according to the Atlanta Regional Commission’s Dan Reuter.
“If you’ve got one of those modest incomes and you need a affordable place to live, you’re probably not going to find as many of those starter homes and that easy financing that we had a decade ago,” said Reuter.
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