The hottest rental markets – TheStreet

Rentals in once popular markets like New York dived last summer as Americans working remotely fled to the suburbs in search of more space and a better quality of life.

For most of the past 50 years, about a third of American households have rented their homes, according to the Brookings Institution. Rental rates increased during the recession of 2007-2009 and remain relatively high today, at 35.6%, according to the Joint Center for Housing Studies at Harvard University.

Much has changed during the pandemic, and rental markets seem to be one of them. A study by apartment search site have discovered new, emerging rental hubs – mid-sized cities with more affordable, slower lifestyles – are attracting tenants from large metropolitan areas, possibly due to a radical shift towards remote working.

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