Philadelphia's renter base grew faster over the last 10 years than those of most other big cities, bringing the city closer to an even split between homeowners (now 52 percent) and renters (48 percent).
The number of renters in Philadelphia increased by 6.1 percentage points between 2006 and 2016, according to a study published Wednesday by the real estate website Zillow.
The bump, higher than those in New York, Chicago, Los Angeles, and Houston, follows a national trend of families, especially young adults, opting to rent. The number of renters in 50 big cities studied increased over the last decade, Zillow researchers found. In 29 of 50 cities, renters outnumber homeowners.
Credit: Philly.com
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