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

Information Source: Rent Cafe