United States ranks fourth for renter growth

Between 2010 and 2015, the United States saw an increase in the share of renter households of 9.4%, the fourth highest of any country examined in RentCafé’s most recent study. The only countries higher than the U.S. were the United Kingdom (22%), Ireland (12%), and Denmark (11.7%).

The United States does not rank in the top five in terms of countries with the highest percentage of renters, however. Switzerland has the highest percentage of renters at 56.6%. It is also the only country with more renters than homeowners. Hong Kong (49%), Germany (48.1%), South Korea (44.8%), and Austria (44.3%) round out the top five. The United States ranked 10^th at 36.2%.

Conversely, the Russian Federation and Singapore experienced the largest declines in renter household ratio at 27.5% and 13.3% respectively. Along with Slovakia, these countries also have the highest homeownership rates.

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The U.S. is ill-prepared to provide adequate housing for the growing ranks of older people, according to a report from Harvard University’s Joint Center for Housing Studies. Over the next decade, the U.S. population older than 75 will increase by 45%, growing from 17 million to nearly 25 million, with many expected to struggle financially.

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