Do you live in an apartment in the city?
Then consider yourself a trend-setter.
We've seen a growing trend towards Americans favoring communities with shorter commute times and more places to walk more than sprawling communities.
It makes sense when the average American family spends more than 50% of their household budget on housing and transportation costs combined. So now, a range of people from all income levels are looking to scale back as downtown and in-town housing has topped the list of hot markets.
Each group is motivated by different factors. Anticipating retirement, Baby Boomers want to be close to fun things to do and skip out on the burdens of expensive home maintenance. Echo Boomers aren’t having children, and want a green, carless lifestyle. They don’t mind living in a small apartment if it means having the convenience of public transit and being close to their job and friends.
Check out our infographic to see the data driven details about how these trends are affecting apartment markets around the nation and the apartment renting population. Renters are changing America!
Inforgraphic after the jump and you can see a larger version HERE.
Courtesy of: RENTCafe