The rental market is comprised of two specific groups of individuals: those who have to rent out of necessity and those who choose to rent. HomeUnion recently released a list of the top 20 most expensive places to rent for those who have a choice — and as real estate agents know, choices can always change. Using data from the U.S. Census Bureau and Maponics, HomeUnion analyzed ZIP codes where more than 25 percent of housing stock is made up of rental properties and residents have a median income in the 75th percentile. “Our list of the high-priced neighborhoods and submarkets for renters-by-choice indicates an ongoing shift in preferences among an affluent portion of the U.S. population,” Steve Hovland, director of research for HomeUnion, said in a statement. According to…
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