The top 100 rental markets in america (report) find out how your city is doing inside (best city, apartments)

[dontbelievehim]

https://wolfstreet.com/2021/02/24/ex...ultiyear-lows/

Top 100 markets(apartment data)
Interesting info for people wanting to move and investors. Data seems to be from early February

Some finds

- sacramento now costs more than denver to rent an apartment! Almost as much as honolulu!

- fresno costs more than houston and phoenix proper. Understandable in some ways, but also a joke when you think about it.

Boise costs more than slc! Why? Doesn't make much sense to me. I guess isolation hurts SLCs market.


Albuquerque seems to be a steal

Why is austin so cheap? Too many apartments or is the data bad?

Enjoy digging through the data

[dontbelievehim]

First price is for a 1br, 2nd is for a 2br.

1 San Francisco, CA $2,650 -24.3% $3,500 -23.6%
2 New York, NY $2,460 -18.0% $2,550 -23.2%
3 San Jose, CA $2,180 -11.7% $2,680 -11.3%
4 Boston, MA $2,050 -18.0% $2,500 -13.8%
5 Oakland, CA $2,000 -15.6% $2,500 -13.8%
6 Washington, DC $1,960 -15.9% $2,660 -14.7%
7 Los Angeles, CA $1,900 -15.6% $2,660 -11.3%
8 San Diego, CA $1,820 4.0% $2,400 2.1%
9 Santa Ana, CA $1,700 0.6% $2,370 8.2%
10 Fort Lauderdale, FL $1,700 1.8% $2,190 1.9%
11 Anaheim, CA $1,680 4.3% $2,000 1.0%
12 Newark, NJ $1,620 20.0% $1,820 16.7%
13 Long Beach, CA $1,600 2.6% $2,000 3.6%
14 Miami, FL $1,580 -12.2% $2,000 -14.9%
15 Scottsdale, AZ $1,520 3.4% $2,070 -0.5%
16 Seattle, WA $1,500 -16.2% $1,990 -13.5%
17 Atlanta, GA $1,500 6.4% $1,880 5.0%
18 Honolulu, HI $1,480 -3.9% $1,900 -9.5%
19 Chicago, IL $1,460 0.7% $1,800 5.9%
20 New Orleans, LA $1,450 5.1% $1,700 11.1%
21 Sacramento, CA $1,430 10.0% $1,820 19.7%
22 Denver, CO $1,400 -6.0% $1,920 1.1%
23 Providence, RI $1,390 14.9% $1,710 3.0%
24 Philadelphia, PA $1,390 -4.1% $1,710 3.6%
25 Portland, OR $1,380 0.0% $1,700 6.3%
26 Gilbert, AZ $1,360 7.9% $1,590 7.4%
27 Chandler, AZ $1,330 7.3% $1,560 9.1%
28 Richmond, VA $1,330 19.8% $1,500 11.9%
29 Nashville, TN $1,320 -5.7% $1,450 -0.7%
30 Henderson, NV $1,300 15.0% $1,390 2.2%
31 Minneapolis, MN $1,300 -5.8% $1,800 0.6%
32 Orlando, FL $1,300 3.2% $1,410 0.7%
33 Charlotte, NC $1,280 9.4% $1,520 16.9%
34 Dallas, TX $1,270 4.1% $1,690 1.8%
35 Milwaukee, WI $1,260 12.5% $1,310 12.0%
36 Tampa, FL $1,250 13.6% $1,400 7.7%
37 Plano, TX $1,230 2.5% $1,620 2.5%
38 Durham, NC $1,230 21.8% $1,280 15.3%
39 Boise, ID $1,210 17.5% $1,310 8.3%
40 St Petersburg, FL $1,200 15.4% $1,580 15.3%
41 Austin, TX $1,190 -5.6% $1,540 -0.6%
42 Virginia Beach, VA $1,190 19.0% $1,320 10.0%
43 Baltimore, MD $1,180 -0.8% $1,330 -4.3%
44 Irving, TX $1,140 0.9% $1,460 -1.4%
45 Chesapeake, VA $1,140 2.7% $1,240 2.5%
46 Colorado Springs, CO $1,140 14.0% $1,370 13.2%
47 Aurora, CO $1,130 3.7% $1,500 4.9%
48 Fresno, CA $1,120 13.1% $1,330 14.7%
49 Salt Lake City, UT $1,120 1.8% $1,400 7.7%
50 Houston, TX $1,110 3.7% $1,390 6.9%
51 Fort Worth, TX $1,110 7.8% $1,420 13.6%
52 Madison, WI $1,110 -0.9% $1,410 7.6%
53 Pittsburgh, PA $1,090 -0.9% $1,310 0.0%
54 Cleveland, OH $1,080 14.9% $1,150 15.0%
55 Raleigh, NC $1,080 8.0% $1,270 5.8%
56 Reno, NV $1,070 7.0% $1,470 14.8%
57 Mesa, AZ $1,070 11.5% $1,350 14.4%
58 Buffalo, NY $1,050 -1.9% $1,110 -14.6%
59 Phoenix, AZ $1,050 7.1% $1,290 5.7%
60 Kansas City, MO $1,040 11.8% $1,170 14.7%
61 St Louis, MO $1,020 13.3% $1,280 7.6%
62 Jacksonville, FL $1,020 14.6% $1,200 17.6%
63 Rochester, NY $1,000 3.1% $1,230 10.8%
64 Las Vegas, NV $1,000 5.3% $1,200 3.4%
65 Norfolk, VA $1,000 8.7% $1,110 11.0%
66 Chattanooga, TN $990 10.0% $1,120 12.0%
67 Indianapolis, IN $990 22.2% $1,040 16.9%
68 San Antonio, TX $970 12.8% $1,200 10.1%
69 Anchorage, AK $960 5.5% $1,170 5.4%
70 Arlington, TX $950 11.8% $1,230 11.8%
71 Detroit, MI $950 11.8% $1,130 13.0%
72 Cincinnati, OH $930 3.3% $1,140 3.6%
73 Glendale, AZ $930 8.1% $1,170 9.3%
74 Spokane, WA $920 16.5% $1,190 17.8%
75 Louisville, KY $910 9.6% $1,000 7.5%
76 Bakersfield, CA $890 11.3% $1,110 7.8%
77 Columbus, OH $880 8.6% $1,100 2.8%
78 Corpus Christi, TX $880 4.8% $1,120 6.7%
79 Des Moines, IA $850 -1.2% $900 -1.1%
80 Syracuse, NY $850 1.2% $980 2.1%
81 Greensboro, NC $840 13.5% $940 13.3%
82 Knoxville, TN $830 3.8% $1,020 7.4%
83 Memphis, TN $830 9.2% $880 8.6%
84 Baton Rouge, LA $820 7.9% $950 8.0%
85 Augusta, GA $810 8.0% $910 8.3%
86 Omaha, NE $810 -1.2% $1,000 1.0%
87 Tallahassee, FL $800 -5.9% $910 -2.2%
88 Winston Salem, NC $800 3.9% $890 7.2%
89 Lincoln, NE $790 2.6% $900 0.0%
90 Lexington, KY $780 8.3% $1,000 8.7%
91 Oklahoma City, OK $770 -3.8% $900 -4.3%
92 Albuquerque, NM $750 7.1% $950 10.5%
93 Tucson, AZ $730 7.4% $960 7.9%
94 El Paso, TX $720 9.1% $890 11.3%
95 Laredo, TX $680 -4.2% $970 3.2%
96 Shreveport, LA $650 4.8% $750 7.1%
97 Lubbock, TX $650 3.2% $850 6.3%
98 Tulsa, OK $630 0.0% $840 3.7%
99 Wichita, KS $620 -4.6% $750 7.1%
100 Akron, OH $600 -3.2% $750 2.7%

[arr430]

Define "top 100". All non-listed markets are cheaper? Looks like it's pretty easy to find affordable housing. How come all the suburbs of Phoenix get to be their own market, but not other major metros? The second bedroom in SF costs more than the whole unit in some markets.

[AZLiam]

Originally Posted by arr430

Define "top 100". All non-listed markets are cheaper? Looks like it's pretty easy to find affordable housing. How come all the suburbs of Phoenix get to be their own market, but not other major metros? The second bedroom in SF costs more than the whole unit in some markets.

You're obviously not paying attention. Other suburbs of cities that are large are also listed in the report.

[arr430]

Originally Posted by AZLiam

You're obviously not paying attention. Other suburbs of cities that are large are also listed in the report.

Less than 20 suburbs are listed, five of them Phoenix. None Chicago or Houston. Not counting the ones that grew up historically as separate cities like Oakland, St. Petersburg, Fort Worth.

It it assumed that 101-300 all have rents below Akron?

[popka]

Originally Posted by arr430

Less than 20 suburbs are listed, five of them Phoenix. None Chicago or Houston. Not counting the ones that grew up historically as separate cities like Oakland, St. Petersburg, Fort Worth.

It it assumed that 101-300 all have rents below Akron?

I'm not really sure what you mean? Oakland, St. Petersburg and Ft. Worth are on the list. Pretty sure this is the 100 largest cities ranked by median asking rents.

[arr430]

Originally Posted by popka

I'm not really sure what you mean? Oakland, St. Petersburg and Ft. Worth are on the list. Pretty sure this is the 100 largest cities ranked by median asking rents.

Apparently so. I question the validity of any comparison of "markets" indiscriminately, regardless of whether they have natural or man-made perimeters.

[dontbelievehim]

Originally Posted by arr430

Define "top 100". All non-listed markets are cheaper? Looks like it's pretty easy to find affordable housing. How come all the suburbs of Phoenix get to be their own market, but not other major metros? The second bedroom in SF costs more than the whole unit in some markets.

This is how they got their data, it's on the website

"The data here covers apartment buildings, including apartment towers and new construction, but not single-family houses for rent or condos for rent. Zumper collects this data from around 1 million listings on Multiple Listings Service (MLS) and other listing services, including its own listings, in the 100 largest markets of the US."

[dontbelievehim]

More thoughts:

I think des moines will be the next city to shoot up in price. Def a good spot to check out for investing.

Keep tabs on the big texas cities: houston and dallas. I wonder if snowmageddon is going to hurt theyre markets. I bet at least one of them feels it this year(houston, methinks)

Orlando being more expensive than st pete is a surprise. I was always told that st. Pete was the best city in central florida, and that it should be everyone's first choice. St pete is still more expensive for a 2br, however.

The Missouri big cities are a surprise, too. I thought they'd be dropping in price after the crazy 2020 years they had.

[arr430]

So, it's not the "top 100 rental markets", but the 100 most populated cities rated by rental cost.