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Phoenix sees 2nd-largest growth in renters over 60 in the nation

Posted by   /  March 4, 2019  /  No Comments

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KTAR

 

KTAR

Phoenix saw the second-highest growth in renters ages 60 and older among the nation’s 30 largest cities, according to an apartment rental website.

RentCafe analyzed census data from 2007 to 2017 and found that Phoenix more than doubled its number of elderly renters in the decade.

“Right now we see a slight change in terms of renters increasing at a greater rate than millennials in terms of populations within the renting field,” Doug Ressler, director of business intelligence for RentCafe affiliate Yardi Matrix, told KTAR News 92.3 FM on Thursday.

“We also see that migration, too, in terms of some of the Southeast and Southwest markets from Northeast and Midwest.”

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