“Many older adults are downsizing and moving into rentals. Out of the 30 most populous cities in the United States, 16 experienced an increase of more than 40% in the age 60-plus renter household share between 2007 and 2017, according to research by RENTCafé. Austin, Texas takes the first-place spot as the city with the highest percentage change in the share of 60-plus renter households, increasing by 113% in the 10-year period. Phoenix shows the second highest increase of 112%.” (From Forbes.com article below)