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Markets where renters and homeowners are more likely to be neighbors
The housing bust turned many single-family homes into rentals, Trulia’s chief economist Jed Kolko says, changing some previously owner-occupied neighborhoods into a combination of rentals and owned homes.
Kolko further explains why it matters whether renters and owners live together or apart. “First, when every neighborhood has both renters and owners, the choice of which neighborhood to live in isn’t limited by whether you rent or buy… Second, people care who their neighbors are.”
Read more of Kolko’s analysis and see a list of the metros where renters and homeowners are mixed together on Trulia’s website.