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These Phoenix Suburbs Have Seen The Biggest Increase In Renters | Living In Phoenix Arizona - Natan Jacobs Real Estate Group | Multifamily Real Estate Brokerage

These Phoenix Suburbs Have Seen The Biggest Increase In Renters | Living In Phoenix Arizona

June 13, 2025

THESE PHOENIX SUBURBS HAVE SEEN THE BIGGEST INCREASE IN RENTERS

LIVING IN PHOENIX, ARIZONA

These Phoenix Suburbs Have Seen The Biggest Increase In Renters

 

By AZBigMedia, azbigmedia.com | June 13, 2025

Phoenix suburbs are quietly undergoing a change as thousands of new renter households have moved in over just five years — signaling that the traditional city-suburb divide is starting to blur.

The latest Point2Homes analysis of U.S. Census datareveals how rising housing costs and shifting lifestyle preferences are driving renter growth deep into suburban areas, even in metros like Phoenix that haven’t yet seen a renter-majority flip.

Key Phoenix Suburbs Highlights:

  • Glendale is the closest Phoenix suburb to reaching renter-majority status, with renter households now making up 42.4% of all households.
  • Peoria added the most renter households in the metro — 2,374 over five years — followed by Goodyear, which gained 1,687 new renter households during the same period.
  • Sun Lakes recorded the fastest renter growth in the region, with a 41.3% increase in renter households in just five years. Saddlebrooke (up 39.3%) and Eloy (up 34.7%) also saw significant growth.
  • Broader national trend: In the 20 largest U.S. metros, more than 200 suburbs are now renter-majority — including 15 that flipped from owner- to renter-majority over the same five-year period.

In America’s 20 largest metros there are nearly 1,500 suburbs with a population higher than 10,000. According to a recent analysis of U.S. Census data, 203 suburbs across these metropolitan areas are now renter-majority. In other words, more people lease their homes than own them in these communities. This change shows that the line between city and suburb continues to blur.

Key Insights:

    • Between 2018 and 2023, the number of renter households increased faster in the suburbs than the main city in five of the 20 largest U.S. metros. Dallas was chief among them, with one more metro (Miami) seeing its share of renter households expand at quite similar rates in both the city and its suburbs.
    • During the same period, 15 suburbs switched from owner-majority to renter-majority.
    • Currently, 203 suburbs are dominated by renters, as renter households here outnumber owner households.
    • In 15 suburbs, the number of renter households more than doubled in the five years between 2018 and 2023. In particular, Fulshear, TX, and Woodbridge, VA, saw those numbers simply explode.
    • In terms of net numbers, it’s Frisco, TX that leads the way, with more than 10,000 renter households added since 2018. McKinney, TX; Woodbridge, VA; and Grand Prairie, TX follow suit with more than 5,000 new renter households.

– more at azbigmedia.com

 



Thinking about investing in Phoenix real estate? Have a property to sell in Arizona? Tell us what you’re searching for. Connect with us to buy, sell, or lease multifamily, residential and commercial real estate in Phoenix, and across Arizona. Let’s work together.

Natan Jacobs, Vestis Group

Call: 602-281-6202

Email: Info@Vestis-Group.com

 

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