Owning vs. Renting

The effects of renter occupied housing on a neighborhood is anything but clear. The perception is often that renters are less invested in the neighborhood and that the likelihood of neglect, crime, and disturbances increase while property values decrease in areas with high renter occupancy. In other words, renting residents are perhaps somewhat more transient than their home-owning counterparts, and therefore less invested in the neighborhood. It is important to be aware that the possibility of blight and neglect due to absentee-landlords can also increase. These issues can play a role in increasing the amount and neglect of vacant lots in a neighborhood.
 
Owning vs RentingOwning vs Renting Part 2

The highest instance of renter occupied housing in the focus study neighborhoods are found in:
Avondale (76%)
South Fairmount (69%)

The highest instances of owner occupied housing in the focus study neighborhoods are found in:
South Cumminsville (69%)
Hyde Park (53%)

 

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