Where are qualified homebuyers opting to rent instead?

  • The top four cities where renters are able to afford and qualify to buy a home are in California.
  • In Houston, the homeownership rate is 59 percent, and it has the smallest share of renters who qualify to buy a home.
  • Of all the metros covered in both sets, Detroit has the highest homeownership rate, at 68 percent.

Let's make 2018 your breakout year!
Join real estate's best to unlock growth at Connect SF, July 17-20, 2018

People throughout the nation continue to rent because they cannot afford to purchase a home, right? Not necessarily, according to a new Zillow report, which says 14 percent of renters could afford and qualify to buy a home throughout the nation’s largest rent-friendly metros.