In many Dallas suburbs, more people rent homes than own them, according to a new report from Point2Homes.

Using data from the U.S. Census Bureau, the real estate market research company studied 20 of the largest U.S. metros by population. Their findings showed that many suburbs, including several around Dallas, have recently shifted to majority-renter populations.

Between 2018 and 2023, Farmers Branch flipped from having a majority of homeowners to being renter-dominated. The percentage of renters in this suburb sits at 54%.

Addison claims the highest share of renters among Dallas suburbs at 82%. Several Dallas suburbs added over 3,000 renter households between 2018 and 2023, including Frisco, which saw a monumental increase of 10,000.

In the Dallas metro area, suburbs are gaining renters faster than the city. The suburbs saw an 18% increase in renters compared to an 8% gain in the city.

“The rise of the renter suburb is not a blip. It’s a fundamental shift in how Americans live and think about housing,” said Point2Homes analyst Andra Hopulele. “Although it mainly took off because of the late 2000’s housing crisis and gained more ground during the pandemic, this trend is maintained by factors like remote work and market conditions that don’t quite favor homeownership.”