Miami beats out NYC and LA when it comes to renter-to-homeowner ratios, study says

A new report claims that Miami beats out NYC and LA when it comes to the ratios of renter-to-homeowner. The Miami Herald scoped out a study from national apartment search website RentCafe looking at renter versus owner-owned housing in the largest 100 cities by population with data based on US Census Bureau’s public database.

According to RentCafe, only Newark and Jersey City, N.J. beat out the city of Miami when it comes to top cities with the highest renter share.

via RentCafe

Of course, Miami’s not alone in this trend: RentCafe found that the growth of the renter population outpaced that of homeowners in most large US cities.

• Only two U.S. cities have more renters than Miami — and they’re not New York or L.A. [Miami Herald]
• Renters became the majority population in 22 big US cities [RentCafe Blog]
• Miami is the most cost-burdened rental market again, per new study [Curbed Miami]