Apartment List has just published its newest Renter Migration Report.Their data aligns with census estimates showing that migration in the U.S. slowed last year, but certain metro-to-metro trends remain strong, highlighting the markets that will be attracting (or losing) renters in the coming year.
Key insights from this year’s report include:
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In Charlotte metro, 59% of users are searching for apartments in a different metropolitan area. The most popular destinations are Raleigh, Charleston, and Greenville.
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In the other direction, 39% of renters looking for apartments in Charlotte are searching from out-of-town. The greatest search interest is coming from Raleigh, Atlanta, and New York.
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The coming year is expected to be relatively mild for the rental market, but the data highlight strong migration channels from high-cost to low-cost regions, which could sustain upward pressure on rents in more affordable markets.
