Facebook Twitter Instagram
    Trending
    • Yardi Says Multifamily Flat in February
    • Housing Starts & Permits Jump Up in February
    • U.S. Cities with the Highest GDP
    • Housing Costs are the Leading Increase in Inflation
    • Bankrate’s 2023 Annual Emergency Savings Report
    • Construction Employment Increases In 45 States Last Year
    • Tarek & Heather El Moussa’s First Flip Was a Flop
    • Immigration and Housing – What You Need to Know (part 1)
    Twitter
    Real Estate Investing Today
    • Home
    • RE Journal
    • ROI Magazine
    • National REIA
      • National REIA
      • Find a REIA near you!
    • Podcasts
    • Housing Data
    • Contact Us
    Real Estate Investing Today
    You are at:Home»Rentals»RentCafe’s 2022 Year-End Report

    RentCafe’s 2022 Year-End Report

    0
    By Brad Beckett on December 21, 2022 Rentals

    rentcafe new transparentIn their 2022 Year-End Report, Rentcafe reminds us that 44 million American households live in rental homes across the fruited-plain – the highest level in half a century.  So, what were the hottest rental markets in 2022? To find out, RentCafe.com analyzed the 135 largest markets in the U.S. where data was available, looking at at five metrics which they say affect a location’s competitivity:  the number of days vacant, percentage occupied, the number of prospective renters, percentage of renewed leases, and the share of apartments completed in 2022.  Indeed…

    “To further complicate matters (and with homeownership out of reach for many aspiring homebuyers, on top of rapid inflation), renters are increasingly choosing to renew their leases. More precisely, almost two-thirds of renters nationwide chose to renew their leases this year instead of moving into a new place or taking the leap to homeownership in a market that’s still hindered by record home prices and surging interest rates.”

    Some key findings:

    • An average of 14 renters competed for each vacant apartment and the overall national competitivity score was 59.9 out of 130.
    • Miami was 2022’s hottest market with Grand Rapids, Orlando, Harrisburg and North Jersey rounding out the top five most competitive rental markets.
    • New apartments opened faster in Florida’s largest metros than anywhere else in the U.S.  However, despite adding 34k+ apartments in 2022, Florida still can’t keep up with the influx of newcomers.

    Click here to read the full report at RentCafe.

     

    Share this:

    • Click to email a link to a friend (Opens in new window)
    • Click to print (Opens in new window)
    • Click to share on Twitter (Opens in new window)
    • Click to share on Facebook (Opens in new window)
    • Click to share on LinkedIn (Opens in new window)
    • Click to share on Pinterest (Opens in new window)
    • Click to share on Reddit (Opens in new window)

    Related

    Brad Beckett
    • Website
    • Facebook
    • Twitter

    Director of Education & Outreach, National Real Estate Investors Association

    Related Posts

    Yardi Says Multifamily Flat in February

    Housing Starts & Permits Jump Up in February

    U.S. Cities with the Highest GDP

    Comments are closed.

    Emergency Rental Assistance
    Action Alert HR 5013 – Seller Finance
    https://youtu.be/WP-IAtGnPsQ

    Click here to visit the National REIA Legislative Action Center.

    Stay Informed!

    Simply enter your email address in the space below to receive our latest posts right in your mailbox! It's FREE!

    Join 2,528 other subscribers
    Podcasts
    podcasts
    Survey of the Quarter:
    • Most Recent Posts
    March 20, 2023

    Yardi Says Multifamily Flat in February

    March 20, 2023

    Housing Starts & Permits Jump Up in February

    March 17, 2023

    U.S. Cities with the Highest GDP

    March 16, 2023

    Housing Costs are the Leading Increase in Inflation

    Benefits of Joining National REIA
    Click here to find a REIA!
    The Latest issue of the RE Journal
    REJ cover winter 22-23
    Follow us on Twitter: @REI2Day
    My Tweets
    Keyword Search
    Real Estate Investing Today
    National Real Estate Investors Association
    2755 Mansion Place
    Crestview Hills, KY 41017
    888-762-7342
    www.NationalREIA.org
    Top 100 Real Estate Investing Blogs & Websites on the Web
    Categories
    About Real Estate Investing Today

    Real Estate Investing Today is the news aggregation site for the National Real Estate Investors Association (NREIA) and features news & industry updates to help investors stay informed. Learn more at www.NationalREIA.org

    Media Inquiries

    Media Inquiries Click here

    Copyright 2022 Real Estate Investing Today

    • Home
    • News
    • Legislative
    • Market Trends
    • Residential
    • Data
    • Rentals
    • Crowdfunding
    • Legal
    • Regulations & Taxes
    • Infographics
    • Technology
    Copyright 2022 Real Estate Investing Today
    • Home
    • News
    • Legislative
    • Market Trends
    • Residential
    • Data
    • Rentals
    • Crowdfunding
    • Legal
    • Regulations & Taxes
    • Infographics
    • Technology

    Type above and press Enter to search. Press Esc to cancel.