B
OSTON— A new report from Point2Homes reveals a significant shift in the American housing landscape, with 203 suburbs across the nation's 20 largest metro areas becoming renter-majority communities. Two Boston-area suburbs, Brookline and Watertown, have joined this trend after transitioning from owner-dominated to renter-majority in just five years.

    The report shows that suburban renter growth in the Boston area has outpaced city growth, with a 7.3% increase between 2018 and 2023 compared to 5.2% in the city. This mirrors a larger East Coast trend where more suburban residents are renting than buying.

    Quincy saw the largest influx of renters, adding nearly 3,500 new renter households over five years. Chelsea and Lawrence lead the region in renter concentration, with around 70% of households renting rather than owning. The findings highlight a growing national trend where affordability challenges, lifestyle preferences, and housing supply are reshaping suburbs into rental-dominant zones.

    For more insights, view the full report from Point2Homes.