In August 2019, 84 percent of renters believed that renting was more affordable for them, up from 69 percent in January 2016. This trend shows that many American renters view homeownership as increasingly out of reach.
Share of renters who believed renting or owning was more affordable for them in the United States from January 2016 to August 2019
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Freddie Mac. (September 1, 2020). Share of renters who believed renting or owning was more affordable for them in the United States from January 2016 to August 2019 [Graph]. In Statista. Retrieved March 16, 2025, from https://www.statista.com/statistics/1036202/renters-affordability-renting-versus-owning-usa/?__sso_cookie_checker=failed
Freddie Mac. "Share of renters who believed renting or owning was more affordable for them in the United States from January 2016 to August 2019." Chart. September 1, 2020. Statista. Accessed March 16, 2025. https://www.statista.com/statistics/1036202/renters-affordability-renting-versus-owning-usa/?__sso_cookie_checker=failed
Freddie Mac. (2020). Share of renters who believed renting or owning was more affordable for them in the United States from January 2016 to August 2019. Statista. Statista Inc.. Accessed: March 16, 2025. https://www.statista.com/statistics/1036202/renters-affordability-renting-versus-owning-usa/?__sso_cookie_checker=failed
Freddie Mac. "Share of Renters Who Believed Renting or Owning Was More Affordable for Them in The United States from January 2016 to August 2019." Statista, Statista Inc., 1 Sep 2020, https://www.statista.com/statistics/1036202/renters-affordability-renting-versus-owning-usa/?__sso_cookie_checker=failed
Freddie Mac, Share of renters who believed renting or owning was more affordable for them in the United States from January 2016 to August 2019 Statista, https://www.statista.com/statistics/1036202/renters-affordability-renting-versus-owning-usa/?__sso_cookie_checker=failed (last visited March 16, 2025)
Share of renters who believed renting or owning was more affordable for them in the United States from January 2016 to August 2019 [Graph], Freddie Mac, September 1, 2020. [Online]. Available: https://www.statista.com/statistics/1036202/renters-affordability-renting-versus-owning-usa/?__sso_cookie_checker=failed
