1 in 11 Millionaires Now Rents, Southern Metro Areas Become Hotspots for Luxury Living

RentCafe rental blog

In a stunning reversal of traditional wealth patterns, millionaire renters have tripled since 2019, outpacing their homeowning counterparts in one of real estate’s most unexpected trends. While New York and San Francisco remain magnets for affluent tenants, emerging hotspots in Texas and Florida reveal a shift in where America’s wealthiest households choose to live —…

The post 1 in 11 Millionaires Now Rents, Southern Metro Areas Become Hotspots for Luxury Living appeared first on RentCafe rental blog.

May 29, 2025 at 12:00PM

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