5 Metro Phoenix zip codes switch from homeowner to renter majority

The American dream of homeownership has been rehashed throughout the past decade, with more households renting than at any point in the last 55 years. Although renting was previously considered an alternative brought on solely by circumstances, one-third of this decade’s renters now say that it’s a matter of choice. In fact, according to our previous study, a diverse set of 23 large and mid-sized cities transitioned from owner- to renter-majority between 2010 and 2020. And five Metro Phoenix zip codes have switched from homeowner to renter majority during that time.

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