As in investor, knowing your market can be crucial in your long-term success. After years of cohabiting being common, the number of lone renters is on the rise!

Between 2016 and 2021, renters living alone gained about 1 million people, reaching 16.7 million (up 6.7%). That makes this the fastest-rising renter group during those five years, having accelerated significantly during 2020.

Baby Boomers and Millennials are the biggest share of this trend, while very few Gen Zers are venturing on their own. Learn more about this trend below!