Market Insights Archives - RentCafe rental blog https://www.rentcafe.com/blog/category/rental-market/market-snapshots/ Tue, 26 Mar 2024 15:11:23 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 Gen Z by Age 30: Renting Becomes the Go-To Housing Option With a Total Cost of $145,000 https://www.rentcafe.com/blog/rental-market/market-snapshots/gen-z-rent-by-30/ Tue, 26 Mar 2024 07:00:46 +0000 https://www.rentcafe.com/blog/?p=131915 Generation Z is emerging as the most diverse and potentially the best-educated group in American history, setting them up to possibly become the highest earners yet. But, the question arises: How does Gen Z manage when it comes to affording rent or buying a home as they approach their 30s, especially compared to their predecessors,…

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]]> February Rental Activity Report: Minneapolis Is the Most Coveted City, Western Cities Dominate the Top 30 https://www.rentcafe.com/blog/rental-market/market-snapshots/rentcafe-rental-activity-report/ Wed, 13 Mar 2024 07:00:05 +0000 https://www.rentcafe.com/blog/?p=125547 Minneapolis is the most sought-after city by renters for the third consecutive month. Atlanta and Queens, NY, are neck and neck for second place.  The West further strengthens its position as the favorite region for renters, narrowly outpacing the South. Little Rock, AR, skyrockets in popularity, jumping 90 positions to settle just outside the top…

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]]> America’s Hottest Rental Markets at the Start of 2024: Miami Holds Leading Spot Amid Rising Competition in the Midwest https://www.rentcafe.com/blog/rental-market/rental-competitiveness-index/us-hottest-rental-markets-start-of-2024/ Tue, 12 Mar 2024 07:03:15 +0000 https://www.rentcafe.com/blog/?p=131666 Key takeaways: The national competitivity score stands at 73.4 out of 100 in early 2024, with vacant apartments finding occupants within 41 days, on average. Miami kicks off the year as the hottest rental market in the U.S., with its thriving economy attracting professionals and intensifying the competition for apartments. The Midwest’s shift from its…

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]]> Top Renting Sweet Spots in the U.S.: Where Your Income Goes the Furthest https://www.rentcafe.com/blog/rental-market/market-snapshots/top-renting-sweet-spots-us/ Mon, 11 Mar 2024 19:05:19 +0000 https://www.rentcafe.com/blog/?p=131281 Renters can get the most out of their income in Silicon Valley’s Sunnyvale, where the highest median wages in the nation make it easier to cover living expenses. Phoenix suburb Surprise, AZ, came in second, followed by Washington, D.C., suburbs Arlington, VA (#3); Bethesda, MD (#4); and Alexandria, VA (#5). Here, too, renters can strike…

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]]> From Boardrooms to Bedrooms: A Record 55K Office-to-Apartments Expected in Major Cities https://www.rentcafe.com/blog/rental-market/adaptive-reuse-office-to-apartments-2024/ Mon, 11 Mar 2024 07:00:29 +0000 https://www.rentcafe.com/blog/?p=130674 From 2021 to 2024, the number of apartments scheduled for conversion from old office spaces increased from 12,100 to 55,300. Office conversions now represent 38% of the 147,000 apartments in future adaptive reuse projects. The average age of office buildings to be transformed into rentals is 72 years, 20 years younger than those previously converted.…

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]]> Beyond the Classroom: 2024’s Top College Towns Where Good Life Meets Academia https://www.rentcafe.com/blog/rental-market/market-snapshots/best-college-towns-us-2024/ Tue, 20 Feb 2024 07:38:16 +0000 https://www.rentcafe.com/blog/?p=131680 Bozeman, MT, home of Montana State University, ranks first in our list of best college towns in the U.S.  Western college towns lead this year with 8 entries among the top 20 best college towns nationally, propelled by their young, educated populations and abundance of natural amenities.  Pullman, WA, and Clemson, SC, are the second- and third-best towns to…

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]]> January Rental Activity Report: Minneapolis Leads as the Most Sought-After City, West Rivals Midwest for Top Spots https://www.rentcafe.com/blog/rental-market/rental-activity-report/january-rental-activity-report/ Wed, 31 Jan 2024 08:00:54 +0000 https://www.rentcafe.com/blog/?p=131235 Minneapolis stays in the lead as the most sought-after city by renters at the start of 2024. The West overtakes the Midwest as the most popular region for renters in January, with 11 cities in the top 30. Wichita, KS, saw the highest surge in popularity, climbing 89 positions and landing at #19. Renting is…

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]]> Rental Activity Report: Atlanta Is Top Market to Watch in 2024, Midwest Most Popular Region for Renting https://www.rentcafe.com/blog/rental-market/market-snapshots/cities-to-watch-this-year/ Mon, 08 Jan 2024 08:19:41 +0000 https://www.rentcafe.com/blog/?p=129323 Atlanta is the top city for renters to watch in 2024 after attracting the highest rental activity on RentCafe.com in the last 12 months. Kansas City, MO, ranks second in our annual ranking, closely followed by Cincinnati. Both cities demonstrated increased rental activity in 2023. The Midwest is the #1 region for renters to keep…

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]]> 2023 in Review: Top 10 Reports by RentCafe.com https://www.rentcafe.com/blog/rental-market/market-snapshots/2023-review-top-10-rentcafe-reports/ Wed, 27 Dec 2023 14:08:11 +0000 https://www.rentcafe.com/blog/?p=130846 In 2023, the real estate market has undergone significant transformations, marked by evolving trends and consumer preferences. To help readers better understand these trends, we have curated a collection of the top 10 reports published this year on RentCafe.com. Each report features exclusive data, interactive visuals and expert insights, offering a deep dive into the…

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]]> 2023 Year-End Report: Miami Tops U.S. Hottest Markets, but the Midwest Heats Up the Competition https://www.rentcafe.com/blog/rental-market/market-snapshots/most-competitive-rental-markets-this-year/ Mon, 11 Dec 2023 08:22:15 +0000 https://www.rentcafe.com/blog/?p=123523 The Midwest was the most competitive region for renting in 2023 with three of its markets making the top five nationwide. While most of the U.S. shows signs of softening in rental competitiveness, Midwestern markets are bucking the trend. Specifically, the region’s lower cost of living, ample living spaces that bode well with remote work,…

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