{"id":21931,"date":"2023-03-23T14:14:54","date_gmt":"2023-03-23T14:14:54","guid":{"rendered":"https:\/\/www.anthonydidonato.net\/wordpress\/?p=21931"},"modified":"2023-03-23T14:14:54","modified_gmt":"2023-03-23T14:14:54","slug":"boomers-are-rivaling-millennials-in-the-rental-market","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/boomers-are-rivaling-millennials-in-the-rental-market\/","title":{"rendered":"Boomers Are Rivaling Millennials in the Rental Market"},"content":{"rendered":"\n

New renters over 60 are on the rise, growing 43% from 2007 to 2017 to reach 9.4 million.<\/p>\n\n\n\n

In recent years, millennials have been the largest growth segment in multifamily rentals. However, renters over the age of 60 account for one-third of current rental applications in urban areas, and new renters over 60 are on the rise, growing 43% from 2007 to 2017 to reach 9.4 million. By 2035, the figure is expected to double. Here are five reasons for the surge.<\/p>\n\n\n\n

    \n
  1. Boomers are downsizing from larger homes.<\/li>\n\n\n\n
  2. They want to do less home maintenance as property management handles repairs.<\/li>\n\n\n\n
  3. Apartments offer age-friendly floor plans\u2014no stairs, larger spaces for mobility devices, wider shower stalls.<\/li>\n\n\n\n
  4. Apartments may have amenities appealing to baby boomers, such as high-end fixtures and finishes or soundproofing.<\/li>\n\n\n\n
  5. Boomers have had time to accumulate savings and will be less rent burdened in managing expenses.<\/li>\n<\/ol>\n\n\n\n

    <\/p>\n\n\n\n

    \"\"<\/a>
    Image by Jos Didier<\/a> from Pixabay<\/a><\/figcaption><\/figure>\n\n\n\n

    \u00a9National Association of REALTORS\u00ae
    Reprinted with permission<\/p>\n","protected":false},"excerpt":{"rendered":"

    New renters over 60 are on the rise, growing 43% from 2007 to 2017 to reach 9.4 million. In recent years, millennials have been the largest growth segment in multifamily rentals. However, renters over the age of 60 account for one-third of current rental applications in urban areas, and new renters over 60 are on … <\/p>\n

    Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-21931","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nBoomers Are Rivaling Millennials in the Rental Market - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/boomers-are-rivaling-millennials-in-the-rental-market\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/boomers-are-rivaling-millennials-in-the-rental-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/boomers-are-rivaling-millennials-in-the-rental-market\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Boomers Are Rivaling Millennials in the Rental Market\",\"datePublished\":\"2023-03-23T14:14:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/boomers-are-rivaling-millennials-in-the-rental-market\\\/\"},\"wordCount\":156,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/boomers-are-rivaling-millennials-in-the-rental-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/business-986674_1280-1024x674.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/boomers-are-rivaling-millennials-in-the-rental-market\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/boomers-are-rivaling-millennials-in-the-rental-market\\\/\",\"name\":\"Boomers Are Rivaling Millennials in the Rental Market - 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