Honeywood Apartment Homes

3101-H Honeywood Lane, Roanoke, VA 24018
Call: 855-719-4045 Email UsHoneywood007@myLTSMail.com View Map

Opens: Monday-Friday: 9:30A-5:30P | Saturday: 10A-5P | Sunday: Closed

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Apartments Roanoke VA Blog

The Growing Trend of Renting

Joseph Coupal - Friday, March 09, 2012

As home values fell again in 2011, more and more people are looking to renting as an affordable, flexible lifestyle option. In response to this news, Apartments.com conducted a national survey to more than 3,000 of its January website visitors to find out the reasons they are moving and why they are renting versus owning.

The growing trend: 33.6% of respondents looking for an apartment this year were previous homeowners (up from 20.5 percent in 2011). Respondents who said they are homeowners looking to rent, 26.3% are doing so because they believe renting is a more affordable option and 21.2% prefer the flexibility renting offers in choosing where to live. This survey provides the five most popular responses why their website visitors are choosing to rent versus own in 2012:

  • Renting is a more affordable option: (26.3%)
  • Flexibility to live where I choose: (21.2%)
  • To relocate for employment: (20.5%)
  • Cannot afford to keep up with homeownership expenses: (10.5%)
  • Lost home due to foreclosure and change in marital status: (less than 4% each)
More than 35% of respondents said they are moving out on their own, which may be a sign of an improving economy and job market, especially in the rental demographic.

In 2012, the number one reason for moving is for relocation for a job opportunity. However, the desire to have more space, to save money and to live in a more desirable neighborhood also topped the list.

Relocating to Roanoke Valley? For information on renting an apartment in Roanoke, VA, we encourage you to contact Honeywood Apartment Homes.

Market Watch- Wall Street Journal


Honeywood Apartment Homes

3101-H Honeywood Lane, Roanoke, VA 24018

Call: 855-719-4045
Email UsHoneywood007@myLTSMail.com
View Map

Opens: Monday-Friday: 9:30A-5:30P | Saturday: 10A-5P | Sunday: Closed

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