Industry News News

In the West, more married homeowners are bringing in renters

Photo by Alexis Brown on Unsplash

The number of married couples living with roommates has more than doubled since 1995. According to new data, nearly 280,000 married homeowners had renters on their properties last year. In the costly Western housing markets, the trend is growing even more.

[…] Other cities with high shares of homeowners with renters are San Francisco, San Jose, San Diego, Los Angeles and Oakland, California; Seattle, Washington; Salt Lake City, Utah, Portland, Oregon; Las Vegas; and Washington, D.C.

“While correlation is not causation, it’s notable that as housing costs have risen in many of these expensive markets, the share of married-with-roommate households has too,” Young said. “With the exception of Orange County, markets with the highest rates of married couples living with roommates have also seen the biggest increases in the rate of such couples.”

To read the full story, click here: More married homeowners are bringing in renters to cover housing costs — especially in the West

Related posts

Four tips to capitalize on waning daylight this week

jlspr

John L. Scott Office Leader featured in Seattle Real Producers

jlspr

LGBT homeownership rate lags behind, despite interest

jlspr