Springfield in the past decade became the only Missouri city with more renters than homeowners, according to an analysis of U.S. Census Bureau data by internet listing service RentCafe.
In fact, Springfield's 2010-19 renter rate shot up sharply enough to rank it No. 2 in the national report, only behind Waterbury, Connecticut. The report covers 23 cities with at least 100,000 residents where rental rates overcame ownership figures during the time period.
Springfield’s renter rate was 59% in 2019, an increase of nearly 11 percentage points during the reporting period. Springfield added at least 21,000 renters during the 10-year period, according to RentCafe.
Waterbury and Springfield are followed on the list by Fayetteville, North Carolina; Birmingham, Alabama; and Yonkers, New York.
"Along with Springfield, established hot spots such as Seattle or up-and-comers like Memphis transitioned from an owner to a renter majority," RentCafe officials said in the report. "On the other side, ownership claimed 12 cities, including some major job hubs such as Chicago, Sacramento and Baltimore."
Fishing retail shop Modern Outdoor Tackle moved; Healthy Spot LLC opened; and Springfield law firm Strong, Garner & Bauer PC changed names and moved its office.