Mar 15

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Austin Renters Getting Older

Renters over 60 years old have increased by 43% in the last 10 years

In the last decade the average age of household renters has increased across all age groups.

  • Renters aged 60+ increased by 43% in the last decade.
  • Renters aged 35 to 59 grew by 17%.
  • Renters aged under 35 increased by 7%.

Home ownership is on the decline among older renter households as they are growing at a 43% rate versus older owner households which are increasing at a 31% rate.

Austin, Texas has the highest percentage increase in the share of 60+ aged households, increasing by 113% in the last decade.

Renters over 60 in the top 30 largest U.S. cities

City/State10 Year change Share of 60+ rentersNo. of 60+ renters
Austin, TX113%12% 24,819
Phoenix, AZ112%17% 40,705
Fort Worth, TX95%16% 20,799
Jacksonville, FL83%17% 26,721
Charlotte, NC66%13% 20,939
Dallas, TX62%14% 43,534
Houston, TX61%15% 73,366
San Antonio, TX59%16% 37,191
Louisville, KY58%20% 19,935
Denver, CO52%16% 23,896

Information Source: Rent Cafe

Permanent link to this article: https://atxre.com/austin-renters-getting-older/

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