A recent study analyzing the Census Bureau housing data of more than 300 cities across the U.S. found that many of the country's renters are located in Northeast states.
The other places that ranked in the top 15 percentage of renters outside the Northeast include three cities in California, Irving, Texas, and Provo, Utah.
Construction continues on a new section for homes at Festival Ranch on Oct. 24, 2022, in Buckeye, Arizona. They also found that nearly three in four American renters want to buy a home, with 90% saying money was holding them back. Furthermore, 35% cited interest rates, 19% did not want debt and 14% did not want the responsibilities of owning. In the next two years, 23% of renters planned on buying while 15% plan to do so in the next three to four years and 30% would buy in the next five years. One in five renters said they would buy a home in the next decade or longer.
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