Rent vs Own Data For Cities - Advice Needed

[Orhi Tahi]

Hi All,

I am planning to invest in a house where rent vs own ratio as below:

Rent 16% & Own 84%

Is this a bad thing that there is only 16% of the people renting or is this a good thing as there is less people who rent so quality of tenant will be high ?

How can I read this data ?

Orhi