America's Rental Housing: Homes for a Diverse Nation

Harvard Joint Center for Housing Studies

In any given year, some 34 million US households make their homes in rental housing. Like the general population, renters are highly diverse in demographic and income terms, as well as in their reasons for residing where they do. Equally diverse is the nation’s $2.7 trillion rental stock, as is the mix of property owners, investors, builders, developers and managers involved in this vital sector of the national economy.