12 Hottest U.S. Rental Markets: 2024 - ThinkAdvisor

Jun 24, 2024 · And the number of prospective renters per unit has decreased by one to eight applicants. That has led to an occupancy rate of 93.3% at the start of the 2024 rental season, down from 94% last year ...

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12 Hottest U.S. Rental Markets: 2024 - ThinkAdvisor

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15 Hottest Rental Markets In The U.S. - ThinkAdvisor

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Dec 15, 2022 · Apartment occupancy rate: 30% weight. Average total days vacant: 15%. Prospective renters per unit per vacant unit: 15%. Lease renewal rate: 30%. Share of new …

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FAQs about 12 Hottest U.S. Rental Markets: 2024 - ThinkAdvisor Coupon?

What are the hottest rental markets in the US?

For renters willing to brave the current rental climate, take a look at the top three hottest rental markets across the U.S. Miami leads the pack as the most competitive rental market in the U.S. with an RCI (Rental Competitiveness Index) of 91.9 out of 100. ...

Where is the hottest rental market in 2024?

To that end, Milwaukee has become the nation’s second-hottest renting spot in the first months of 2024 and is leading the charge in the Midwest. To find the hottest rental markets for 2024 in the U.S. at the start of the year, RentCafe.com analyzed the 139 largest markets in the country where data was available. ...

Is Miami the hottest rental market in the US?

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 “Rust Belt” past to tech and manufacturing has heightened its rental competitivity, particularly in Milwaukee. ...

Where are the hottest rental markets in peak season?

Closing out the list of Midwestern metros in the top 20 hottest rental markets in peak season are Kansas City, MO, and Cincinnati. Both areas saw increased lease renewal rates year-over-year, despite their housing stocks increasing by 0.72% and 0.76%, respectively, in recent months. ...

Where is the most competitive rental market in the United States?

Miami, FL is the most competitive rental market in the U.S., but the Midwest is the most competitive region. Skyrocketing costs of owning a home have made renting a more viable option for many in the Northeast. Queens (#34) and Manhattan (#50) are lower on the list but remain tough markets due to their housing shortage. ...

Which cities have a tough rental market?

Queens (#34) and Manhattan (#50) are lower on the list but remain tough markets due to their housing shortage. New back-to-the-office policies and few newly built apartments cause vacant rentals to vanish in just five weeks in Silicon Valley. A competitive rental market typically benefits landlords. ...