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Suburban Rentals Surge Amid High Mortgage Rates

6/12/2025

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Summary

Story summary

Renting in U.S. suburbs is on the rise, with 11 of 20 suburbs experiencing a 5% increase in renters since 2018.
High mortgage rates continue to hinder homeownership, leading more individuals to choose renting.
Suburban amenities appeal to families, though rising costs may drive residents away from urban areas.
Developers are responding by building mixed-use "suburban downtowns" to provide affordable living options.

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Story summary

Renting in U.S. suburbs is on the rise, with 11 of 20 suburbs experiencing a 5% increase in renters since 2018.
High mortgage rates continue to hinder homeownership, leading more individuals to choose renting.
Suburban amenities appeal to families, though rising costs may drive residents away from urban areas.
Developers are responding by building mixed-use "suburban downtowns" to provide affordable living options.