According to the Census Bureau, in Wisconsin and throughout the U.S., more people than ever are renting homes instead of buying. In July, the Associated Press reported that about 62 percent American households owned their home, which is equal to the rate seen in 1965 and 63 percent less than the rate in the first quarter of 2015.
Millennial households appear to be the primary creators of this trend, data indicates. Adults between 18 and 34 are more likely to rent as opposed to buying a home, due in part to excessive student debt that makes home-ownership a financial burden.
These millennials may be more attracted to renting as there are no property taxes to pay and because a landlord or property management company often incurs costs for malfunctioning appliances and property maintenance, such as lawn care. Students and young professionals may also enjoy the perks that are commonly seen in apartment complexes, such as fitness centers and clubhouses, covered parking and on-site managers.
The Perks of Renting Apartments in Hartland
Nestled in the Milwaukee suburb of Hartland, recently remodeled Country Aire Apartments are an ideal choice for millennials and single-parent families who are looking for the perfect apartment home. Advantages of these spacious 1- and 2-bedroom apartments in Hartland include:
* Free utilities, including heat
* Fitness center and community room
* Laundry and storage facilities
* 24-hour emergency maintenance
Country Aire Apartments mingle city and country life, with a convenient location at the corner of Highway 16 and Highway 83, along with lake access and scenic walking trails throughout the property. Garages are available, and each beautifully warm unit features individual temperature control, ample closet space and an eat-in kitchen.
Your Home in Gorgeous Hartland
The National Association of Realtors reports that the median home sales price in the U.S. has increased by 4.8 percent in the last year, clocking in at $247,700 as of June 2016. In the same time period, hourly wages have gone up about 2.5 percent, making home-ownership a financial hardship for millions of Americans.
With the high cost of home-ownership, along with stagnant wages and increasing student loan debt, renting apartments in Hartland is more attractive than ever. Attracting young professionals and college students alike, Country Aire Apartments are an affordable option in a lively and inviting community.