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Three Tampa Bay suburbs among top 20 nationally in renter growth

[Times (2007)]
[Times (2007)]
Published Dec. 14, 2018

Three Tampa Bay suburban communities — Riverview, Lutz and Wesley Chapel — are among the top 20 nationally in the growth of renter populations. According to the web site RENTcafe, Riverview ranked fourth with a 106 percent increase in renters between 2011 and 2016. That translates to 14,100 new renters, the most of any top 20 market.

Lutz came in seventh, with a 76 percent increase, and Wesley Chapel was fourth with a 66 percent jump. The biggest increase nationwide was Chamblee, Georgia, near Atlanta, where the renter population soared 156 percent.

The number of renters in the United States has increased dramatically since the 2008 housing crash and resulting foreclosure crisis cost millions of Americans their homes. This year, the nation's homeownership rate has hovered around 64.2 percent compared to an all-time high of nearly 70 percent in 2005 near the height of the housing bubble.

Contact Susan Taylor Martin at smartin@tampabay.com or (727) 893-8642. Follow @susanskate.

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