Many variables contribute to a happy renter base. Most would probably assume pricing is the major factor for renter satisfaction, but a recent analysis from Apartment List indicates otherwise. Apartment List’s latest Renter Survey revealed lessees in larger cities are happiest in San Francisco, Boston, Denver and Charlotte. The smallest portion of confident renters fell in Baltimore, Memphis and Detroit, which are, coincidentally, lower-priced markets. Apartment List / Renter Confidence Survey The U.S. homeownership rate is at a half-century low, according to the report, pushing the share of renters across the nation to 37 percent of households, or 110 million Americans. Over 30,000 respondents participated in Apartment List's analysis. While pricey cities like San Francisco posted high renter satisfaction, affordability is still top-of-mind. In fact, 44 percent of renters claimed to be either ‘very dissatisfied’ or at least ‘somewhat dissatisfied’ with th...
- According to the report, affordability isn't the strongest barometer of renter happiness; career opportunities weigh more heavily.
- Nearly 45 percent of renters claimed to be either "very dissatisfied" or "somewhat dissatisfied" with the affordability in their town.
- While 52 percent of mid-size and small city renters were happy, just 24 percent of those in big cities shared positive sentiments.