Among the 150 largest U.S. housing markets, affordable locations with abundant jobs were the most popular among renters, according to a recent study by RentCafe. Listings in Atlanta saw the most user engagement from March 2022 to March 2023, followed by Kansas City, Mo., and Albuquerque, N.M.
Despite a 17% drop in available listings, Manhattan, N.Y., saw a 31% jump in saved personalized searches since last March, and Florida also saw a large increase in renter traffic, The New York Times reports.
Though scattered around the country, these markets share important traits — they’re relatively inexpensive and have healthy economies, according to the report.
Florida deserves a mention. The Sunshine State has been drawing buyers and renters eager for warm weather and low taxes. Orlando cracked the top 10, while Fort Lauderdale, a budget-friendly option to adjacent Miami, placed a respectable 25th.
For the full list of the nation’s top rental markets …
Advertisement
Related Stories
Housing Markets
5 Housing Markets That Would See a Huge Increase in Homeownership if Mortgage Rates Dropped
Spokane, Wash., would experience an 11.4% increase in affordability if rates dropped to 6%
Housing Markets
Spring Housing Markets: Which Markets Saw the Most Appreciation, and Which Saw the Least?
Florida metros saw the weakest appreciation of all housing markets in the US
Business Management
How 2023's Housing Market Conditions Are Affecting the 2024 Market
Last year ended on an optimistic note, but persistent headwinds still exist to keep 2024 from getting the housing market back to pre-pandemic levels
