Why Are so Many Americans Ditching the Suburbs for Downtown Apartments?

Written by Channel 12 Richmond on January 16, 2014. Posted in Apartments downtown, Downtown apartments, Downtown norfolk apartments

Apartments for rent

There’s an increasing trend in the United States housing industry: renting apartments downtown. With a large social class of post-graduate Americans struggling to find a reliable source of income, and the U.S. housing market barely revived from the recent crisis, The National Multi Housing Council (NMHC) reports that nearly 95 million Americans chose to rent, instead of owning a home. But, it’s not just the young, fresh out of college crowd that’s flocking to a wide variety of affordable downtown apartments for rent, additional NMHC research findings show that 37% of renters in the United States are between the ages of 30 and 44.

So, what is the reasoning behind this large group (37%) of middle-aged American renters? Obviously, there is a number of individuals and families included in this demographic who