The Age Distribution of Renters: Who Lives in Small Properties?

 

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As we have seen in recent market trends over the past few years or so, there has been this perception that younger people—Millennials if you would—are living in large properties. However, data has shown that younger people have actually been living in smaller properties, while those predominantly occupying larger properties are almost 10 years older.

By taking a look at the charts within this article, you’ll see older renters and larger assets tend to pair up, while the younger renters tend to be living within the smaller assets. Younger people may not have the income that the older age population may have, forcing them to settle for smaller property size.

This article highlights charts and information that support the trend that younger people, in fact, are living in smaller properties.

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