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Census finds number of LI renters growing

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Long Island has more renters and fewer homeowners since Wall Street’s meltdown in 2008, new census data show.

In Nassau, 81.8 percent of households were owner occupied, said the American Community Survey for 2008-2010. That’s down from 83.1 percent in the previous survey, which covered 2006 to 2008.

But renters grew to 18.2 percent from 16.9 percent, data show.

In Suffolk, 80.5 percent of households were owner occupied, the latest survey showed, down from 82.2 percent in the preceding survey.

Suffolk renters grew to 19.5 percent of households, compared to 17.8 percent during the 2006-2008 survey, the reports said.

Despite limited rental options on Long Island, which is dominated by single family homes, renting has grown in popularity. Some rent because they find it hard to qualify for mortgages as lenders tighten criteria for loans. Others have had their homes foreclosed.

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