Dublin, Hilliard & Upper Arlington Lead Suburban Rental Growth in Past Decade
According to a new report from RentCafe.com, suburban rentals have been on the rise all across the U.S. over the past decade. Some of the largest metro areas have seen the most dramatic changes as housing costs have increased rapidly in those cities.
In Central Ohio, the largest rental increases were seen in the cities of Dublin (34% increase in renter share), Hilliard (31% increase in renter share) and Upper Arlington (15% increase in renter share) between 2010 and 2019.
According to Rent Cafe, renters now make up 39% of all suburban residents in the Top 50 largest metro areas across the U.S.
The only Columbus suburb that has more renters than homeowners is Whitehall, with a 64% rental rate. The largest renter communities behind Whitehall are Newark (43%), Lancaster (42%) and Marysville (33%).
To read the full report, visit www.rentcafe.com/blog.