Sentences with phrase «than renter household»

Not exact matches

First, we controlled for the number of bedrooms in the household, and found that even then, renters had a shorter average commute time than homeowners did in 2014, as shown below.

The share of cost - burdened renter households in the US declined significantly last year, as median incomes increased faster than rents.

There are more than 43 million households occupied by renters in the U.S., which accounts for 37 % of all households.

According to the National Multifamily Housing Council, renters account for more than one third of all U.S. households.

In addition, residents confront a housing affordability challenge — with an estimated 40 percent of all renters devoting more than 30 percent of their household income to rental or lease costs.

More than 1 million households that own real estate as well as 1 million renters would benefit from the tax relief.

Forty percent of all Uptown renters are burdened by their apartment prices, meaning they devoted more than 30 percent of their household income to rent in 2013, the report said.

Over 50 % of New York renters now pay more than the federal affordability standard of 30 % of household income.

Owner occupied units have an average household size of 2.59, just slightly larger than the average for renters of 2.28.

Nearly 28 % of U.S. renter households currently pay less than $ 700 for housing, while just 14 % pay more than $ 1,500 a month.

There are more than 43 million households occupied by renters in the U.S., which accounts for 37 % of all households.

Only twenty - five percent of renters with household incomes less than $ 30,000 were insured versus those households making over $ 75,000 where sixty - nine percent of renters were insured, which is a nearly three-fold increase across the study.

Not all families own homes, but if you're an owner rather than a renter, you're bound to earn more miles from household expenses than singles (who are more likely to rent).

Allstate serves more than 16 million households across the country and offers a variety of products including life, home, private passenger auto, and renters» insurance.

In total, Farmers Insurance insures more than 10 million households with over 20 million different insurance policies, including automobile, renters, business, and life insurance.

Since household budgets are tighter than ever, this is one of the most commonly cited reasons that only forty - four percent of renters have renters insurance.

However, renters usually paid a higher percentage of their household income on these costs than did owners, 48 percent compared with 31 percent of homeowners who spent 30 percent or more of their income on housing costs.

There are more than 43 million households occupied by renters in the U.S., which accounts for 37 % of all households.

As of early 2013, 37 percent of renters are single - person households, a much larger share than the 23 percent of owner - occupants.

American households need renters insurance now more than ever.

According to the National Multifamily Housing Council, renters account for more than one third of all U.S. households.

Only twenty - five percent of renters with household incomes less than $ 30,000 were insured versus those households making over $ 75,000 where sixty - nine percent of renters were insured, which is a nearly three-fold increase across the study.

Now that it is apparent that everyone is most likely holding more monetary value in their household than they originally thought, it is time to take an inventory of the items in the renters house, so that the reasons to purchase coverage become personal.

Yet the cost to replace your belongings, computer equipment, electronics, jewelry and other household items would likely be significantly more than the amount you would pay for renters» insurance.

While the level of income is important to enable buyers to make mortgage repayments and influences the size of the debt and the purchase, the wealth required to make the down payment appears to be more important than income levels, particularly in the transition from renting to home ownership.51 The RBA findings are consistent with other studies52 which have shown that the constraints associated with wealth are a real barrier to young renter households wishing to own their own home.

In 2015, more than 11.1 million renter households paid more than half of their income on rent, up from 3.7 million in 2001, according to the State of the Nation's Housing 2017 report from the Joint Center for Housing Studies at Harvard University.

Nearly half — or 47 percent — of all renter households are paying more than 30 percent of their incomes on housing, according to a 2017 report by Harvard's Joint Center for Housing Studies.

That means more than 2 million households of renters would become homeowners by the year 2000.

More households in America are headed by renters now than at any other time in the last 50 years, with owner household formation toppled by renter household formation in the past 10, according to a recent analysis of Census Bureau data by the Pew Research Center.

«Increasingly, baby boomers and other empty nesters are trading single - family houses for the convenience of rental apartments; in fact, more than half of the net increases in renter households over the past decade came from the 45 - plus demographic.»

The majority of renters are single, but there are now more renter households that contain families with children than there are owner households that contain families with children (33 percent versus 30 percent).

In 2016, 6.1 million (or 18 percent of) renter households brought in more than $ 100,000 a year, the report shows; in 2006, only 3.3 million (or 12 percent of) renter households earned $ 100,000 - plus.

With more than 1.3 million renter households in Ontario (29 per cent of Ontario's households) and a major trend towards condominium investment units, Paliwoda believes it is essential to get the facts out there.

Sixty - two percent of renter households earn below 80 percent of AMI, with 12 million American families spending more than 50 percent of their household income on rent.

More than 8 million renter households were identified as having «worst case housing needs,» or burdened by rent and / or living in unsuitable conditions, in 2015, according to a recent report by the U.S. Department of Housing and Urban Development (HUD)-- the second - highest share ever recorded.

Over the last five years, the share of cost - burdened owner households has seen a sharper decline than the share of cost - burdened renter households: 6.5 percent versus 1.9 percent.

That percentage could well increase as the number of renter households is at an all - time high and projected to increase faster than the new households purchasing homes.

alysis of Census Bureau housing data, more U.S. households are headed by renters today than at any point since at least 1965.

With renter households growing at a faster rate than owner households, landlords are at an advantage in the rental market.

Through a combination of simple economics and the profound development of the «lifestyle renter,» there's expected to be a 59 percent growth in the number of households who choose to rent rather than buy by 2030.

In fact, more than half of the net increase in renter households over the past decade came from the 45 - plus demographic.»

Nearly half of all renter households were considered «cost - burdened» in 2015, meaning they are spending more than 30 percent of their incomes on rent, according to the Harvard Joint Center for Housing Studies.

In the Joint Center's 2017 America's Rental Housing report, the authors write further, «Indeed, even as the homeownership rate stabilizes, renters are still likely to account for slightly more than a third of household growth.

Adding «Record numbers of U.S. renter households are spending more than 30 percent of their income, and in many cases more than half their income, on housing costs» (By the way, the general rule - of - thumb is that housing costs should not exceed 30 percent of a household's total income).

As the homeownership rate declined, the number of renter households grew sharply — by more than a million in 2012 alone.

Size and location: Most households anticipate their next housing purchase will be of similar size and in a similar location to where they currently live, though renters and younger buyers said their next purchase will be bigger than their current home.

Unfortunately, for most renters, household income tends to be significantly lower than that of homeowners and their wage growth has not kept pace with rent growth.

«This is because renter households are growing at a much faster rate than owner households, reflecting growing confidence of those who were most likely impacted by the foreclosure crisis.»

He notes that more than 50 percent of the net increase in renter households over the past decade came from the 45 - plus demographic.

Renters are much more likely to be severely cost burdened — 25.4 percent of working renters spent more than half of household income on housing costs, compared to 18.6 percent of working homeRenters are much more likely to be severely cost burdened — 25.4 percent of working renters spent more than half of household income on housing costs, compared to 18.6 percent of working homerenters spent more than half of household income on housing costs, compared to 18.6 percent of working homeowners.