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Millionaire Renters Triple Over Five Years

Millionaire renter households tripled between 2020 and 2024, outpacing the growth of millionaire homeowners. Affluent Americans increasingly choose to rent to maintain financial liquidity and flexibility.

Construction of the Coconut Pointe Luxury Rental Apartments continue on Monday, June 30, 2025.

Millionaire renter households across the United States surged 229% between 2020 and 2024, outpacing the 193% growth in millionaire homeowners.
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