There Are More Renters Than Homeowners in Wealthy States—Why?
If you’re looking to snag a cheap rental property in one of America’s less affluent states, like West Virginia, Mississippi, or Alabama, you might have a hard time getting it rented. That’s because, according to Federal Reserve and U.S. Census Bureau data, states with lower incomes per capita tended to have the highest homeownership rates. As strange as that might sound, it largely comes…