July 26, 2019
Joe Fairless
5 MIN TO READ

11 Cities That Are Attracting The Most Renters From Other Cities

If I were to ask you, which city is a better target investment market: one that a large number of people are moving to or one that a large number of people are leaving? A smart investor would likely select on the former market. More people moving to a market not only means more demand for real estate – both rentals and residential – but also indicates an increase in jobs in that area, since most people who move do so for a new job.

Apartment List recently released the first edition of their Renter Migration Report. The report analyzed data on millions of searches from January 1, 2018, through May 1, 2019, to see where their users are preparing to move. More specifically, they calculated the share of inbound searches coming from outside the metro (i.e., someone who lives in Cincinnati, OH searching for an apartment in Tampa, FL). They also did the reverse to determine which cities their users were looking to leave.

Click here to read the full report, and here are the top 11 cities that are attracting renters from elsewhere:

11. Dallas, TX

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  • Share of inbound searches coming from out-of-metro: 39%

10. Los Angeles, CA

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  • Share of inbound searches coming from out-of-metro: 42%

9. Portland, OR

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  • Share of inbound searches coming from out-of-metro: 43%

8. Orlando, FL

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  • Share of inbound searches coming from out-of-metro: 43%

7. St. Louis, MO

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  • Share of inbound searches coming from out-of-metro: 44%

6. San Francisco, CA

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  • Share of inbound searches coming from out-of-metro: 44%

5. Charlotte, NC

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  • Share of inbound searches coming from out-of-metro: 48%

4. San Diego, CA

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  • Share of inbound searches coming from out-of-metro: 49%

3. Baltimore, MD

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  • Share of inbound searches coming from out-of-metro: 52%

2. Denver, CO

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  • Share of inbound searches coming from out-of-metro: 55%

1. Tampa, FL

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  • Share of inbound searches coming from out-of-metro: 63%

Are you an accredited investor who is interested in learning more about passively investing in apartment communities? Click here for the only comprehensive resource for passive apartment investors.

Disclaimer: The views and opinions expressed in this blog post are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action.

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