The economic condition of the nation, the exodus of residents, the devaluation of the property as well as the passage of storms through the Island among other cities, are some of the factors that have led to the leasing of homes that accounts for an average of 26% inhabitants renting, which is 830,739 persons approx.
The information comes from a study of demographics carried out by the company Gaither International during 2018, which ranks the municipalities as well as San Juan as the first two with the highest percentage of people living in rented housing. You can browse centralofficehcv.com/section-8-housing-rentals-madison-county-ny/ for Section 8 Housing in Madison County NY.
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Madison has 39% of the people living in rental homes. For 32% of instances, they are households with a family of four persons. For 47%, cases, the renters are those who are between 18-34 years old, the majority of whom depend on the help of the government.
The tenant’s profile, according to the study is that 42 percent are employed with 73% having cars and 83% having personal phones and 78% own an appliance for washing and 9 percent own a dryer. In addition, 83% have children in the public school system.
Low price on the purchase
The massive emigration recorded by the nation has been a significant cause of the housing industry’s decline.
You can also browse online for more information about housing rentals in Madison County.