There Are More Renters Than Homeowners in Wealthy States—Why?

BiggerPockets Daily

Why do states like West Virginia and Mississippi, with some of the lowest incomes per capita, also have the highest homeownership rates? In today’s episode, we explore the surprising data behind this phenomenon and what it means for real estate investors. We’ll dive into the role of housing affordability, zoning laws, and shifting migratory patterns as Americans move away from big cities to smaller towns. Plus, learn how corporate expansions by big-box retailers like Chipotle and Starbucks can offer clues for your next investment opportunity.

Keep reading the article here: https://www.biggerpockets.com/blog/there-are-more-renters-than-homeowners-in-wealthy-states

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