A recent survey from Knightvest Capital highlights a clear shift in the mindset of today’s renters—nearly half (48%) now view renting as a deliberate lifestyle choice rather than just a financial necessity. Even more telling, 42% of renters say they expect to remain tenants for five years or more. It’s a strong indication that the flexibility, lower maintenance, and built-in community aspects of renting are becoming more appealing—especially when compared to the demands of homeownership.
One of the more surprising takeaways from the report is that nearly a third (31%) of current renters previously owned a home. That tells us this isn’t just about affordability—it’s a lifestyle decision. These trends carry real implications for property owners, managers, and multifamily investors here in the St. Louis area.
As more tenants settle into renting for the long haul, expectations are rising. Renters are looking for well-maintained properties in locations that make sense for their daily lives, with amenities that add value. Strong property management and a sense of community are key factors that help attract and retain long-term tenants.
For anyone investing in or managing rental property in the St. Louis metro area, the message is clear—quality matters more than ever. The infographic from the Knightvest Capital study is included below and offers a snapshot of the evolving preferences among today’s renters.
And if you’re thinking about investing in rental property or need help managing one you already own, the experienced agents at MORE Realtors INLINE TEXT Link – goes to agent website
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