In many Boston 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 Boston, have recently shifted to majority-renter populations.

Between 2018 and 2023, Brookline and Watertown flipped from having a majority of homeowners to being renter-dominated. The percentage of renters in these suburbs sits at 54% and 51% respectively.

Chelsea and Lawrence tie for the highest share of renters among Boston suburbs at 70%. Several Boston suburbs added over 1,000 renter households between 2018 and 2023, including Quincy, which saw an increase of 3,500.

In the Boston metro area, suburbs are gaining renters faster than the city. The suburbs saw a 7% increase in renters, compared to a 5% 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.”