{"id":48640,"date":"2016-11-22T11:30:34","date_gmt":"2016-11-22T19:30:34","guid":{"rendered":"http:\/\/www.rentcafe.com\/blog\/?p=48640"},"modified":"2026-01-15T00:23:51","modified_gmt":"2026-01-15T08:23:51","slug":"1-2-million-more-wealthy-renters-in-10-years","status":"publish","type":"post","link":"https:\/\/www.rentcafe.com\/blog\/rental-market\/real-estate-news\/1-2-million-more-wealthy-renters-in-10-years\/","title":{"rendered":"1.2 Million Wealthy Households Became Renters in the Last 10 Years – In SF They Outnumber Homeowners"},"content":{"rendered":"

Not everyone thinks that real estate equity<\/a> is a good investment. A look at the 2015 American Community Survey<\/a> revealed a new twist in the ever-changing U.S. demographics story: about 1.2 million wealthy households joined the widening ranks of renters in the U.S. in the last 10 years (from 551K to 1.75M). From 2005 to 2015, the number of renter households who earn more than $150,000\/year increased by 217% as opposed to an 82% increase in the number of homeowner households within the same income bracket.<\/p>\n

As a matter of fact, annual increases in the number of\u00a0renter-occupied households with incomes over $150K have exceeded those of owner-occupied households consistently over the last 5 years:<\/p>\n