A recent report from RentCafe says that for many renters, the reasons for moving are often related to finding jobs and better housing. But, how frequently are they moving from one apartment to another and how about moving to a different city? Their new report shows the nation’s “move-easy metros” where renters typically move to a different apartment in less than two years from signing a lease. In order to get their findings, they crunched available IPUMS ACS data on 105 U.S. metro areas, focusing on local trends for short renter tenancies (up to two years). Be sure to click on the interactive map below.
Key takeaways:
- Renters moving to a different apartment in less than two years make up 38% of all apartment dwellers on the move.
- Austin, TX, is the #1 move-easy metro with 54% of local renters moving to a new address in under two years.
- Frequent movers skyrocket in Charleston, SC, whereas the nation’s hottest rental markets see fewer renters moving within two years of signing a lease.
- Hyper-mobile Gen Z renters make up 72% of movers in this age group; meanwhile, 43% of Millennials switch apartments within two years.
Click here to read the full report at Rentcafe.
