Renters of Color More Likely to Pay Application Fees
Zillow Group, Inc. - Class A (ZG)
Last zillow group, inc. - class a earnings: 2/19 04:05 pm
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Source: PR Newswire
SEATTLE, Feb. 4, 2020 /PRNewswire/ -- While many renters aspire to be homeowners and are saving toward that end, others choose renting as a lifestyle choice, saying it better suits them or makes them more able to chase career opportunities. But the cost to move into an apartment depends a lot on where you live -- and who you are. Nearly 9 out of 10 renters pay a security deposit, for example, but fewer than two-thirds pay an application fee. And while deposits are similar across demographic groups, younger renters, renters of color and those in the LGBTQ community are more likely to pay application fees, which also vary by home type and location, according to the most recent Zillow® Group Consumer Housing Trends Report.Those fees typically run $50 per application and may include a background and credit check to assess financial risk. The average renter who is moving applies to more than three rentals.While there are a variety of reasons people prefer to rent, many do because their fin
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ZG
Earnings
- 11/6/24 - Beat
ZG
Sec Filings
- 12/19/24 - Form 8-K
- 12/11/24 - Form 144
- 12/10/24 - Form 144
- ZG's page on the SEC website