Will Renters Age Out?
It’s exciting to see the demand for the Single-Family Rental (SFR) strategy, but people want to know if renters will age out and this asset class will diminish. It’s a good question, but statistics support a stable and growing rental demand.
According to John Burns, while 26% of renter households in the US are between the ages of 25 and 34 today, the next largest segment of the market is between the ages of 35 and 44 (families), and beyond that, between the ages of 45 and 54 (empty nesters). These older renters will continue to seek more space in a suburban environment with good work-from-home amenities.
In fact, Green Street Advisors anticipates that over the next 5 years, SFR demand will exceed apartment demand by over 40%!
To put that in perspective: About one household in eight in the U.S. lives in a single-family rental property. The investment opportunity in this asset class is significant, and we don’t see the demand decreasing.
Renting is still appealing at all ages thanks to a maintenance-free and amenity-rich experience.
For more information about how Pintar Investment Company utilizes Opportunity Zone investments to substantially reduce tax liabilities.
Click Here >>