Over the past three years, our list of up-and-coming real estate markets has identified a burgeoning trend: High levels of apartment construction in high-growth metro areas have caused rent growth and occupancy rates to stall in regions that had previously been considered up-and-coming.
As cities like Austin, Raleigh, Charlotte, and Nashville remain in institutional investors’ and developers’ spotlight, growth has emerged in regions of the country that have received less attention.
This is, of course, a natural phase of the real estate cycle, though it was exacerbated by pandemic-era migration patterns: Cities that have seen a swell in demand, investment, development, and, as a result, price growth are leveling off.
Meanwhile, less buzzy cities that have remained more affordable are beginning to attract residents’ and investors’ attention. That presents more opportunities to find higher cap rates and greater rent growth in new locations than in the past.
Heading into 2025, we again find that growth is strongest in four areas outside of the traditional Sun Belt region: the Midwest, Mid-Atlantic, South Central U.S., and New England—though with many different cities emerging into the spotlight than we saw on our 2024 list.
In particular, 27 of the 60 cities that made our final list are located in the Midwest. States that frequently rose to the top in our analysis were Wisconsin, Illinois, and Ohio, plus Pennsylvania and New York in the Mid-Atlantic region.
With all that said, here’s what you’ll find in this post:
- Best Real Estate Markets in Each Category: The top 5 cities when it comes to cap rates, rent growth, vacancy rates, and home price appreciation
- Top 60 Up-and-Coming Real Estate Markets 2025: Stats on each of our picks to help you assess the opportunity in each city
- Methodology: The sources from which all of our data was derived, plus a full list of the measures included in our analysis
Cheers to your growth in 2025!
How Do We Identify Up-and-Coming Real Estate Markets?
So, how did we arrive at this year’s list of up-and-coming markets?
First, we examined tried-and-true lists of top-performing and emerging real estate markets from the Wall Street Journal, Realtor.com, PricewaterhouseCoopers, the Urban Land Institute, and U.S. News.
Second, we dove into thousands of data points from the National Association of Realtors to analyze every rental market across the country on measures of rent growth, occupancy, property price appreciation, population growth, employment growth, and more.
Lastly, this year, our analyses took an additional factor into account: climate vulnerability. We used data from the Federal Emergency Management Agency to identify which markets are at greatest risk of natural disasters and extreme conditions, though of course, recent years have seen these factors impact some markets that were previously believed to be safe.
Best Real Estate Markets in Each Category
Dive into data-backed insights for the best real estate markets when it comes to cap rates, rent growth, vacancy rates, and home price appreciation.
Note: These rankings apply solely to the markets on our list.
Rental Markets with the Most Rent Growth in 2024
Source: National Association of Realtors – asking rent growth in market-rate multifamily units between Q2-2023 and Q2-2024
Rental Markets with the Lowest Vacancy Rates in 2024
Source: National Association of Realtors – multifamily vacancy rate as of Q2-2024
Rental Markets with the Highest Cap Rates in 2024
Source: National Association of Realtors – cap rate in market-rate multifamily units as of Q2-2024
Real Estate Markets with the Most Home Price Growth in 2024
Source: National Association of Realtors – median home price appreciation between Q2-2023 and Q2-2024
Top 60 Up-and-Coming Real Estate Markets 2025
#1: Burlington, VT
Burlington-South Burlington, VT Metro Area Population: 227,719
Burlington, VT Rental Market Statistics:
Rental Inventory (Q2-’24): 6,829
Units Added Since Q2-’23: +86
Asking Rent Growth Since Q2-’23: 5.0%
Asking Rent (Q2-’24): $1,858
Effective Rent (Q2-’24): $1,853
Multifamily Vacancy Rate (Q2-’24): 2.0%
Multifamily Cap Rate (Q2-’24): 7.4%
Source: National Association of Realtors
Burlington, VT Housing Market Statistics:
Median Home Price (Q2-’24): $528,900
Home Price Appreciation Since Q2-’23: 8.7%
Source: National Association of Realtors
Burlington, VT Economic Statistics
Population Growth (2022): 0.7%
GDP Growth (2022): 8.8%
Job Growth (Q2-’24): 1.3%
Source: National Association of Realtors
Lists That Mention Burlington, VT:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #52
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #12
Emerging Housing Markets Index – Summer 2024 (WSJ/Realtor.com): #6
Emerging Housing Markets Index – Fall 2024 (WSJ/Realtor.com): #17
#2: Rochester, NY
Rochester, NY Metro Area Population: 1,052,087
Rochester, NY Rental Market Statistics:
Rental Inventory (Q2-’24): 58,900
Units Added Since Q2-’23: +777
Asking Rent Growth Since Q2-’23: 3.7%
Asking Rent (Q2-’24): $1,401
Effective Rent (Q2-’24): $1,392
Multifamily Vacancy Rate (Q2-’24): 5.0%
Multifamily Cap Rate (Q2-’24): 8.6%
Source: National Association of Realtors
Rochester, NY Housing Market Statistics:
Median Home Price (Q2-’24): $268,900
Home Price Appreciation Since Q2-’23: 11.8%
Source: National Association of Realtors
Rochester, NY Economic Statistics
Population Growth (2022): -0.4%
GDP Growth (2022): 7.9%
Job Growth (Q2-’24): 1.9%
Source: National Association of Realtors
Lists That Mention Rochester, NY:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #34
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #32
Emerging Housing Markets Index – Fall 2024 (WSJ/Realtor.com): #18
Best Real Estate Markets – Mid-Sized Cities (WalletHub): #51
Best Places to Live (U.S. News): #74
#3: Columbia, MO
Columbia, MO Metro Area Population: 215,811
Columbia, MO Rental Market Statistics:
Rental Inventory (Q2-’24): 11,823
Units Added Since Q2-’23: +48
Asking Rent Growth Since Q2-’23: 7.0%
Asking Rent (Q2-’24): $1,119
Effective Rent (Q2-’24): $1,114
Multifamily Vacancy Rate (Q2-’24): 3.7%
Multifamily Cap Rate (Q2-’24): 8.8%
Source: National Association of Realtors
Columbia, MO Housing Market Statistics:
Median Home Price (Q2-’24): $327,100
Home Price Appreciation Since Q2-’23: 5.5%
Source: National Association of Realtors
Columbia, MO Economic Statistics
Population Growth (2022): 0.9%
GDP Growth (2022): 6.0%
Job Growth (Q2-’24): 1.9%
Source: National Association of Realtors
Lists That Mention Columbia, MO:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #77
#4: Johnson City, TN
Johnson City, TN Metro Area Population: 212,561
Johnson City, TN Rental Market Statistics:
Rental Inventory (Q2-’24): 7,904
Units Added Since Q2-’23: +180
Asking Rent Growth Since Q2-’23: 6.3%
Asking Rent (Q2-’24): $1,076
Effective Rent (Q2-’24): $1,070
Multifamily Vacancy Rate (Q2-’24): 4.2%
Multifamily Cap Rate (Q2-’24): 7.5%
Source: National Association of Realtors
Johnson City, TN Housing Market Statistics:
Median Home Price (Q2-’24): $323,000
Home Price Appreciation Since Q2-’23: 9.9%
Source: National Association of Realtors
Johnson City, TN Economic Statistics
Population Growth (2022): 2.9%
GDP Growth (2022): 7.9%
Job Growth (Q2-’24): -0.7%
Source: National Association of Realtors
Lists That Mention Johnson City, TN:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #9
#5: Syracuse, NY
Syracuse, NY Metro Area Population: 652,956
Syracuse, NY Rental Market Statistics:
Rental Inventory (Q2-’24): 34,191
Units Added Since Q2-’23: +30
Asking Rent Growth Since Q2-’23: 4.9%
Asking Rent (Q2-’24): $1,271
Effective Rent (Q2-’24): $1,264
Multifamily Vacancy Rate (Q2-’24): 5.2%
Multifamily Cap Rate (Q2-’24): 8.4%
Source: National Association of Realtors
Syracuse, NY Housing Market Statistics:
Median Home Price (Q2-’24): $233,200
Home Price Appreciation Since Q2-’23: 10.2%
Source: National Association of Realtors
Syracuse, NY Economic Statistics
Population Growth (2022): -0.7%
GDP Growth (2022): 7.4%
Job Growth (Q2-’24): 2.0%
Source: National Association of Realtors
Lists That Mention Syracuse, NY:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #149
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #114
Best Places to Live (U.S. News): #73
#6: Omaha, NE
Omaha-Council Bluffs, NE-IA Metro Area Population: 984,548
Omaha, NE Rental Market Statistics:
Rental Inventory (Q2-’24): 82,913
Units Added Since Q2-’23: +2,395
Asking Rent Growth Since Q2-’23: 3.1%
Asking Rent (Q2-’24): $1,200
Effective Rent (Q2-’24): $1,191
Multifamily Vacancy Rate (Q2-’24): 6.2%
Multifamily Cap Rate (Q2-’24): 7.0%
Source: National Association of Realtors
Omaha, NE Housing Market Statistics:
Median Home Price (Q2-’24): $313,200
Home Price Appreciation Since Q2-’23: 5.3%
Source: National Association of Realtors
Omaha, NE Economic Statistics
Population Growth (2022): 0.5%
GDP Growth (2022): 12.8%
Job Growth (Q2-’24): 2.0%
Source: National Association of Realtors
Lists That Mention Omaha, NE:
Overall Real Estate Prospects (PwC/ULI): #47
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #175
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #101
Best Real Estate Markets – Small Cities (WalletHub): #24
Best Places to Live (U.S. News): #18
#7: Binghamton, NY
Binghamton, NY Metro Area Population: 243,792
Binghamton, NY Rental Market Statistics:
Rental Inventory (Q2-’24): 8,135
Units Added Since Q2-’23: +6
Asking Rent Growth Since Q2-’23: 5.9%
Asking Rent (Q2-’24): $984
Effective Rent (Q2-’24): $980
Multifamily Vacancy Rate (Q2-’24): 4.0%
Multifamily Cap Rate (Q2-’24): 9.6%
Source: National Association of Realtors
Binghamton, NY Housing Market Statistics:
Median Home Price (Q2-’24): $170,400
Home Price Appreciation Since Q2-’23: 6.5%
Source: National Association of Realtors
Binghamton, NY Economic Statistics
Population Growth (2022): 6.8%
GDP Growth (2022): 2.0%
Job Growth (Q2-’24): 4.1%
Source: National Association of Realtors
Lists That Mention Binghamton, NY:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #113
#8: Erie, PA
Erie, PA Metro Area Population: 267,571
Erie, PA Rental Market Statistics:
Rental Inventory (Q2-’24): 7,009
Units Added Since Q2-’23: +126
Asking Rent Growth Since Q2-’23: 7.0%
Asking Rent (Q2-’24): $1,144
Effective Rent (Q2-’24): $1,140
Multifamily Vacancy Rate (Q2-’24): 4.0%
Multifamily Cap Rate (Q2-’24): 8.8%
Source: National Association of Realtors
Erie, PA Housing Market Statistics:
Median Home Price (Q2-’24): $180,200
Home Price Appreciation Since Q2-’23: 6.6%
Source: National Association of Realtors
Erie, PA Economic Statistics
Population Growth (2022): -0.5%
GDP Growth (2022): 6.8%
Job Growth (Q2-’24): 1.0%
Source: National Association of Realtors
Lists That Mention Erie, PA:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #57
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #28
Emerging Housing Markets Index – Fall 2024 (WSJ/Realtor.com): #14
Best Real Estate Markets – Large Cities (WalletHub): #109
#9: Fort Wayne, IN
Fort Wayne, IN Metro Area Population: 457,842
Fort Wayne, IN Rental Market Statistics:
Rental Inventory (Q2-’24): 24,824
Units Added Since Q2-’23: +809
Asking Rent Growth Since Q2-’23: 3.7%
Asking Rent (Q2-’24): $1,070
Effective Rent (Q2-’24): $1,064
Multifamily Vacancy Rate (Q2-’24): 6.1%
Multifamily Cap Rate (Q2-’24): 7.9%
Source: National Association of Realtors
Fort Wayne, IN Housing Market Statistics:
Median Home Price (Q2-’24): $248,600
Home Price Appreciation Since Q2-’23: 5.1%
Source: National Association of Realtors
Fort Wayne, IN Economic Statistics
Population Growth (2022): 0.7%
GDP Growth (2022): 11.5%
Job Growth (Q2-’24): 0.1%
Source: National Association of Realtors
Lists That Mention Fort Wayne, IN:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #10
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #6
Emerging Housing Markets Index – Summer 2024 (WSJ/Realtor.com): #1
Emerging Housing Markets Index – Fall 2024 (WSJ/Realtor.com): #12
Best Real Estate Markets – Mid-Sized Cities (WalletHub): #47
Best Places to Live (U.S. News): #20
#10: Green Bay, WI
Green Bay, WI Metro Area Population: 331,882
Green Bay, WI Rental Market Statistics:
Rental Inventory (Q2-’24): 22,112
Units Added Since Q2-’23: +322
Asking Rent Growth Since Q2-’23: 3.9%
Asking Rent (Q2-’24): $1,084
Effective Rent (Q2-’24): $1,079
Multifamily Vacancy Rate (Q2-’24): 2.8%
Multifamily Cap Rate (Q2-’24): 8.2%
Source: National Association of Realtors
Green Bay, WI Housing Market Statistics:
Median Home Price (Q2-’24): $316,100
Home Price Appreciation Since Q2-’23: 6.6%
Source: National Association of Realtors
Green Bay, WI Economic Statistics
Population Growth (2022): 0.2%
GDP Growth (2022): 8.5%
Job Growth (Q2-’24): 0.7%
Source: National Association of Realtors
Lists That Mention Green Bay, WI:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #86
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #36
Best Real Estate Markets – Large Cities (WalletHub): #31
#11: Springfield, MA
Springfield, MA Metro Area Population: 460,291
Springfield, MA Rental Market Statistics:
Rental Inventory (Q2-’24): 23,742
Units Added Since Q2-’23: +383
Asking Rent Growth Since Q2-’23: 5.4%
Asking Rent (Q2-’24): $1,466
Effective Rent (Q2-’24): $1,460
Multifamily Vacancy Rate (Q2-’24): 2.2%
Multifamily Cap Rate (Q2-’24): 8.2%
Source: National Association of Realtors
Springfield, MA Housing Market Statistics:
Median Home Price (Q2-’24): $364,900
Home Price Appreciation Since Q2-’23: 8.6%
Source: National Association of Realtors
Springfield, MA Economic Statistics
Population Growth (2022): -0.1%
GDP Growth (2022): 6.7%
Job Growth (Q2-’24): 0.1%
Source: National Association of Realtors
Lists That Mention Springfield, MA:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #41
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #11
Emerging Housing Markets Index – Summer 2024 (WSJ/Realtor.com): #20
Emerging Housing Markets Index – Fall 2024 (WSJ/Realtor.com): #6
Best Real Estate Markets – Mid-Sized Cities (WalletHub): #89
Best Places to Live (U.S. News): #138
#12: Appleton, WI
Appleton, WI Metro Area Population: 246,433
Appleton, WI Rental Market Statistics:
Rental Inventory (Q2-’24): 12,675
Units Added Since Q2-’23: +389
Asking Rent Growth Since Q2-’23: 2.5%
Asking Rent (Q2-’24): $1,128
Effective Rent (Q2-’24): $1,123
Multifamily Vacancy Rate (Q2-’24): 2.6%
Multifamily Cap Rate (Q2-’24): 8.0%
Source: National Association of Realtors
Appleton, WI Housing Market Statistics:
Median Home Price (Q2-’24): $311,700
Home Price Appreciation Since Q2-’23: 9.5%
Source: National Association of Realtors
Appleton, WI Economic Statistics
Population Growth (2022): 0.3%
GDP Growth (2022): 7.1%
Job Growth (Q2-’24): 0.3%
Source: National Association of Realtors
Lists That Mention Appleton, WI:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #45
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #16
Emerging Housing Markets Index – Summer 2024 (WSJ/Realtor.com): #10
Emerging Housing Markets Index – Fall 2024 (WSJ/Realtor.com): #20
#13: Fond du Lac, WI
Fond du Lac, WI Metro Area Population: 103,948
Fond du Lac, WI Rental Market Statistics:
Rental Inventory (Q2-’24): 4,518
Units Added Since Q2-’23: +0
Asking Rent Growth Since Q2-’23: 4.9%
Asking Rent (Q2-’24): $975
Effective Rent (Q2-’24): $971
Multifamily Vacancy Rate (Q2-’24): 1.3%
Multifamily Cap Rate (Q2-’24): 9.7%
Source: National Association of Realtors
Fond du Lac, WI Housing Market Statistics:
Median Home Price (Q2-’24): $237,900
Home Price Appreciation Since Q2-’23: -2.3%
Source: National Association of Realtors
Fond du Lac, WI Economic Statistics
Population Growth (2022): -0.5%
GDP Growth (2022): 8.9%
Job Growth (Q2-’24): 1.7%
Source: National Association of Realtors
Lists That Mention Fond du Lac, WI:
None – this is an under-the-radar pick
#14: Springfield, MO
Springfield, MO Metro Area Population: 490,886
Springfield, MO Rental Market Statistics:
Rental Inventory (Q2-’24): 25,424
Units Added Since Q2-’23: +465
Asking Rent Growth Since Q2-’23: 2.2%
Asking Rent (Q2-’24): $931
Effective Rent (Q2-’24): $926
Multifamily Vacancy Rate (Q2-’24): 4.7%
Multifamily Cap Rate (Q2-’24): 7.9%
Source: National Association of Realtors
Springfield, MO Housing Market Statistics:
Median Home Price (Q2-’24): $250,400
Home Price Appreciation Since Q2-’23: 1.4%
Source: National Association of Realtors
Springfield, MO Economic Statistics
Population Growth (2022): 1.0%
GDP Growth (2022): 9.6%
Job Growth (Q2-’24): 1.7%
Source: National Association of Realtors
Lists That Mention Springfield, MO:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #35
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #5
Emerging Housing Markets Index – Summer 2024 (WSJ/Realtor.com): #15
Best Real Estate Markets – Mid-Sized Cities (WalletHub): #59
Best Places to Live (U.S. News): #58
#15 (tie): Worcester, MA
Worcester, MA-CT Metro Area Population: 866,866
Worcester, MA Rental Market Statistics:
Rental Inventory (Q2-’24): 31,485
Units Added Since Q2-’23: +953
Asking Rent Growth Since Q2-’23: 2.7%
Asking Rent (Q2-’24): $1,949
Effective Rent (Q2-’24): $1,935
Multifamily Vacancy Rate (Q2-’24): 4.7%
Multifamily Cap Rate (Q2-’24): 6.6%
Source: National Association of Realtors
Worcester, MA Housing Market Statistics:
Median Home Price (Q2-’24): $473,400
Home Price Appreciation Since Q2-’23: 4.7%
Source: National Association of Realtors
Worcester, MA Economic Statistics
Population Growth (2022): 0.2%
GDP Growth (2022): 8.6%
Job Growth (Q2-’24): 1.9%
Source: National Association of Realtors
Lists That Mention Worcester, MA:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #27
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #14
Emerging Housing Markets Index – Summer 2024 (WSJ/Realtor.com): #17
Emerging Housing Markets Index – Fall 2024 (WSJ/Realtor.com): #8
Best Real Estate Markets – Mid-Sized Cities (WalletHub): #58
Best Places to Live (U.S. News): #136
#15 (tie): Buffalo, NY
Buffalo-Cheektowaga, NY Metro Area Population: 1,155,604
Buffalo, NY Rental Market Statistics:
Rental Inventory (Q2-’24): 46,219
Units Added Since Q2-’23: +931
Asking Rent Growth Since Q2-’23: 4.1%
Asking Rent (Q2-’24): $1,282
Effective Rent (Q2-’24): $1,275
Multifamily Vacancy Rate (Q2-’24): 4.6%
Multifamily Cap Rate (Q2-’24): 7.4%
Source: National Association of Realtors
Buffalo, NY Housing Market Statistics:
Median Home Price (Q2-’24): $261,000
Home Price Appreciation Since Q2-’23: 10.2%
Source: National Association of Realtors
Buffalo, NY Economic Statistics
Population Growth (2022): -0.1%
GDP Growth (2022): 10.1%
Job Growth (Q2-’24): 1.2%
Source: National Association of Realtors
Lists That Mention Buffalo, NY:
Overall Real Estate Prospects (PwC/ULI): #78
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #107
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #60
Best Real Estate Markets – Mid-Sized Cities (WalletHub): #55
Best Places to Live (U.S. News): #34
#17: Fayetteville, AR
Fayetteville-Springdale-Rogers, AR Metro Area Population: 590,295
Fayetteville, AR Rental Market Statistics:
Rental Inventory (Q2-’24): 41,671
Units Added Since Q2-’23: +1,926
Asking Rent Growth Since Q2-’23: 2.1%
Asking Rent (Q2-’24): $1,119
Effective Rent (Q2-’24): $1,108
Multifamily Vacancy Rate (Q2-’24): 7.6%
Multifamily Cap Rate (Q2-’24): 6.5%
Source: National Association of Realtors
Fayetteville, AR Housing Market Statistics:
Median Home Price (Q2-’24): $372,800
Home Price Appreciation Since Q2-’23: 4.7%
Source: National Association of Realtors
Fayetteville, AR Economic Statistics
Population Growth (2022): 3.3%
GDP Growth (2022): 9.9%
Job Growth (Q2-’24): 3.1%
Source: National Association of Realtors
Lists That Mention Fayetteville, AR:
Overall Real Estate Prospects (PwC/ULI): #46
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #170
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #66
Best Places to Live (U.S. News): #21
#18: Bloomington, IL
Bloomington, IL Metro Area Population: 170,441
Bloomington, IL Rental Market Statistics:
Rental Inventory (Q2-’24): 9,797
Units Added Since Q2-’23: +62
Asking Rent Growth Since Q2-’23: 4.3%
Asking Rent (Q2-’24): $1,103
Effective Rent (Q2-’24): $1,097
Multifamily Vacancy Rate (Q2-’24): 4.6%
Multifamily Cap Rate (Q2-’24): 8.5%
Source: National Association of Realtors
Bloomington, IL Housing Market Statistics:
Median Home Price (Q2-’24): $258,300
Home Price Appreciation Since Q2-’23: 8.1%
Source: National Association of Realtors
Bloomington, IL Economic Statistics
Population Growth (2022): 0.1%
GDP Growth (2022): 6.3%
Job Growth (Q2-’24): 1.1%
Source: National Association of Realtors
Lists That Mention Bloomington, IL:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #61
#19: Canton, OH
Canton-Massillon, OH Metro Area Population: 399,474
Canton, OH Rental Market Statistics:
Rental Inventory (Q2-’24): 12,772
Units Added Since Q2-’23: +0
Asking Rent Growth Since Q2-’23: 3.8%
Asking Rent (Q2-’24): $914
Effective Rent (Q2-’24): $909
Multifamily Vacancy Rate (Q2-’24): 5.1%
Multifamily Cap Rate (Q2-’24): 10.9%
Source: National Association of Realtors
Canton, OH Housing Market Statistics:
Median Home Price (Q2-’24): $207,500
Home Price Appreciation Since Q2-’23: 9.9%
Source: National Association of Realtors
Canton, OH Economic Statistics
Population Growth (2022): -0.3%
GDP Growth (2022): 12.1%
Job Growth (Q2-’24): 0.6%
Source: National Association of Realtors
Lists That Mention Canton, OH:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #3
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #2
Emerging Housing Markets Index – Summer 2024 (WSJ/Realtor.com): #2
Emerging Housing Markets Index – Fall 2024 (WSJ/Realtor.com): #1
#20: Waterloo, IA
Waterloo-Cedar Falls, IA Metro Area Population: 168,162
Waterloo, IA Rental Market Statistics:
Rental Inventory (Q2-’24): 3,955
Units Added Since Q2-’23: +0
Asking Rent Growth Since Q2-’23: 2.9%
Asking Rent (Q2-’24): $972
Effective Rent (Q2-’24): $968
Multifamily Vacancy Rate (Q2-’24): 5.2%
Multifamily Cap Rate (Q2-’24): 9.3%
Source: National Association of Realtors
Waterloo, IA Housing Market Statistics:
Median Home Price (Q2-’24): $185,900
Home Price Appreciation Since Q2-’23: 8.4%
Source: National Association of Realtors
Waterloo, IA Economic Statistics
Population Growth (2022): 0.1%
GDP Growth (2022): 5.9%
Job Growth (Q2-’24): 0.2%
Source: National Association of Realtors
Lists That Mention Waterloo, IA:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #89
#21: Madison, WI
Madison, WI Metro Area Population: 694,345
Madison, WI Rental Market Statistics:
Rental Inventory (Q2-’24): 74,597
Units Added Since Q2-’23: +3,844
Asking Rent Growth Since Q2-’23: 3.4%
Asking Rent (Q2-’24): $1,548
Effective Rent (Q2-’24): $1,539
Multifamily Vacancy Rate (Q2-’24): 4.2%
Multifamily Cap Rate (Q2-’24): 6.7%
Source: National Association of Realtors
Madison, WI Housing Market Statistics:
Median Home Price (Q2-’24): $470,800
Home Price Appreciation Since Q2-’23: 9.7%
Source: National Association of Realtors
Madison, WI Economic Statistics
Population Growth (2022): 0.6%
GDP Growth (2022): 7.2%
Job Growth (Q2-’24): 1.0%
Source: National Association of Realtors
Lists That Mention Madison, WI:
Overall Real Estate Prospects (PwC/ULI): #77
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #58
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #38
Emerging Housing Markets Index – Summer 2024 (WSJ/Realtor.com): #
Best Real Estate Markets – Mid-Sized Cities (WalletHub): #14
Best Places to Live (U.S. News): #14
#22: South Bend, IN
South Bend-Mishawaka, IN-MI Metro Area Population: 324,490
South Bend, IN Rental Market Statistics:
Rental Inventory (Q2-’24): 16,748
Units Added Since Q2-’23: +69
Asking Rent Growth Since Q2-’23: 2.1%
Asking Rent (Q2-’24): $1,199
Effective Rent (Q2-’24): $1,192
Multifamily Vacancy Rate (Q2-’24): 5.9%
Multifamily Cap Rate (Q2-’24): 7.7%
Source: National Association of Realtors
South Bend, IN Housing Market Statistics:
Median Home Price (Q2-’24): $205,300
Home Price Appreciation Since Q2-’23: 2.3%
Source: National Association of Realtors
South Bend, IN Economic Statistics
Population Growth (2022): 0.0%
GDP Growth (2022): 10.9%
Job Growth (Q2-’24): 1.6%
Source: National Association of Realtors
Lists That Mention South Bend, IN:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #56
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #31
Emerging Housing Markets Index – Summer 2024 (WSJ/Realtor.com): #5
Emerging Housing Markets Index – Fall 2024 (WSJ/Realtor.com): #11
Best Places to Live (U.S. News): #25
#23: Topeka, KS
Topeka, KS Metro Area Population: 232,322
Topeka, KS Rental Market Statistics:
Rental Inventory (Q2-’24): 9,854
Units Added Since Q2-’23: +0
Asking Rent Growth Since Q2-’23: 4.3%
Asking Rent (Q2-’24): $897
Effective Rent (Q2-’24): $893
Multifamily Vacancy Rate (Q2-’24): 8.2%
Multifamily Cap Rate (Q2-’24): 8.4%
Source: National Association of Realtors
Topeka, KS Housing Market Statistics:
Median Home Price (Q2-’24): $211,800
Home Price Appreciation Since Q2-’23: 8.8%
Source: National Association of Realtors
Topeka, KS Economic Statistics
Population Growth (2022): -0.4%
GDP Growth (2022): 6.6%
Job Growth (Q2-’24): 2.5%
Source: National Association of Realtors
Lists That Mention Topeka, KS:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #16
#24: Wichita Falls, TX
Wichita Falls, TX Metro Area Population: 149,947
Wichita Falls, TX Rental Market Statistics:
Rental Inventory (Q2-’24): 6,565
Units Added Since Q2-’23: +216
Asking Rent Growth Since Q2-’23: 2.3%
Asking Rent (Q2-’24): $881
Effective Rent (Q2-’24): $872
Multifamily Vacancy Rate (Q2-’24): 12.4%
Multifamily Cap Rate (Q2-’24): 7.7%
Source: National Association of Realtors
Wichita Falls, TX Housing Market Statistics:
Median Home Price (Q2-’24): $201,800
Home Price Appreciation Since Q2-’23: 4.4%
Source: National Association of Realtors
Wichita Falls, Texas Economic Statistics
Population Growth (2022): 0.2%
GDP Growth (2022): 10.3%
Job Growth (Q2-’24): 0.2%
Source: National Association of Realtors
Lists That Mention Wichita Falls, TX:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #126
#25: Harrisburg, PA
Harrisburg-Carlisle, PA Metro Area Population: 606,055
Harrisburg, PA Rental Market Statistics:
Rental Inventory (Q2-’24): 32,511
Units Added Since Q2-’23: +1,224
Asking Rent Growth Since Q2-’23: 2.7%
Asking Rent (Q2-’24): $1,338
Effective Rent (Q2-’24): $1,329
Multifamily Vacancy Rate (Q2-’24): 6.3%
Multifamily Cap Rate (Q2-’24): 7.0%
Source: National Association of Realtors
Harrisburg, PA Housing Market Statistics:
Median Home Price (Q2-’24): $273,400
Home Price Appreciation Since Q2-’23: 9.1%
Source: National Association of Realtors
Harrisburg, PA Economic Statistics
Population Growth (2022): 1.2%
GDP Growth (2022): 7.1%
Job Growth (Q2-’24): 1.4%
Source: National Association of Realtors
Lists That Mention Harrisburg, PA:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #53
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #39
Best Places to Live (U.S. News): #109
#26: Abilene, TX
Abilene, TX Metro Area Population: 180,224
Abilene, TX Rental Market Statistics:
Rental Inventory (Q2-’24): 8,467
Units Added Since Q2-’23: +344
Asking Rent Growth Since Q2-’23: 2.9%
Asking Rent (Q2-’24): $977
Effective Rent (Q2-’24): $966
Multifamily Vacancy Rate (Q2-’24): 9.9%
Multifamily Cap Rate (Q2-’24): 7.6%
Source: National Association of Realtors
Abilene, TX Housing Market Statistics:
Median Home Price (Q2-’24): $255,000
Home Price Appreciation Since Q2-’23: 8.5%
Source: National Association of Realtors
Abilene, Texas Economic Statistics
Population Growth (2022): 1.3%
GDP Growth (2022): 11.6%
Job Growth (Q2-’24): 1.3%
Source: National Association of Realtors
Lists That Mention Abilene, TX:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #223
#27: Lincoln, NE
Lincoln, NE Metro Area Population: 343,620
Lincoln, NE Rental Market Statistics:
Rental Inventory (Q2-’24): 32,525
Units Added Since Q2-’23: +1,684
Asking Rent Growth Since Q2-’23: 2.1%
Asking Rent (Q2-’24): $1,140
Effective Rent (Q2-’24): $1,133
Multifamily Vacancy Rate (Q2-’24): 5.6%
Multifamily Cap Rate (Q2-’24): 7.4%
Source: National Association of Realtors
Lincoln, NE Housing Market Statistics:
Median Home Price (Q2-’24): $298,700
Home Price Appreciation Since Q2-’23: 2.0%
Source: National Association of Realtors
Lincoln, NE Economic Statistics
Population Growth (2022): -0.5%
GDP Growth (2022): 10.0%
Job Growth (Q2-’24): 1.7%
Source: National Association of Realtors
Lists That Mention Lincoln, NE:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #140
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #86
Best Real Estate Markets – Mid-Sized Cities (WalletHub): #37
Best Places to Live (U.S. News): #24
#28: Knoxville, TN
Knoxville, TN Metro Area Population: 947,017
Knoxville, TN Rental Market Statistics:
Rental Inventory (Q2-’24): 44,301
Units Added Since Q2-’23: +2,007
Asking Rent Growth Since Q2-’23: 1.7%
Asking Rent (Q2-’24): $1,428
Effective Rent (Q2-’24): $1,417
Multifamily Vacancy Rate (Q2-’24): 6.9%
Multifamily Cap Rate (Q2-’24): 6.4%
Source: National Association of Realtors
Knoxville, TN Housing Market Statistics:
Median Home Price (Q2-’24): $366,400
Home Price Appreciation Since Q2-’23: 7.0%
Source: National Association of Realtors
Knoxville, TN Economic Statistics
Population Growth (2022): 1.5%
GDP Growth (2022): 10.2%
Job Growth (Q2-’24): -0.8%
Source: National Association of Realtors
Lists That Mention Knoxville, TN:
Overall Real Estate Prospects (PwC/ULI): #48
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #32
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #26
Best Real Estate Markets – Mid-Sized Cities (WalletHub): #28
Best Places to Live (U.S. News): #29
#29: Kingsport, TN
Kingsport-Bristol, TN-VA Metro Area Population: 312,490
Kingsport, TN Rental Market Statistics:
Rental Inventory (Q2-’24): 6,036
Units Added Since Q2-’23: +41
Asking Rent Growth Since Q2-’23: 4.1%
Asking Rent (Q2-’24): $1,068
Effective Rent (Q2-’24): $1,062
Multifamily Vacancy Rate (Q2-’24): 6.8%
Multifamily Cap Rate (Q2-’24): 7.1%
Source: National Association of Realtors
Kingsport, TN Housing Market Statistics:
Median Home Price (Q2-’24): $263,000
Home Price Appreciation Since Q2-’23: 2.1%
Source: National Association of Realtors
Kingsport, TN Economic Statistics
Population Growth (2022): 1.0%
GDP Growth (2022): 10.4%
Job Growth (Q2-’24): -0.4%
Source: National Association of Realtors
Lists That Mention Kingsport, TN:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #14
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #9
Emerging Housing Markets Index – Summer 2024 (WSJ/Realtor.com): #7
#30: Oshkosh, WI
Oshkosh-Neenah, WI Metro Area Population: 171,735
Oshkosh, WI Rental Market Statistics:
Rental Inventory (Q2-’24): 11,249
Units Added Since Q2-’23: +475
Asking Rent Growth Since Q2-’23: 3.3%
Asking Rent (Q2-’24): $1,013
Effective Rent (Q2-’24): $1,007
Multifamily Vacancy Rate (Q2-’24): 5.2%
Multifamily Cap Rate (Q2-’24): 8.2%
Source: National Association of Realtors
Oshkosh, WI Housing Market Statistics:
Median Home Price (Q2-’24): $278,500
Home Price Appreciation Since Q2-’23: 10.8%
Source: National Association of Realtors
Oshkosh, WI Economic Statistics
Population Growth (2022): -0.5%
GDP Growth (2022): 6.7%
Job Growth (Q2-’24): 0.0%
Source: National Association of Realtors
Lists That Mention Oshkosh, WI:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #5
#31: Rockford, IL
Rockford, IL Metro Area Population: 334,124
Rockford, IL Rental Market Statistics:
Rental Inventory (Q2-’24): 8,780
Units Added Since Q2-’23: +60
Asking Rent Growth Since Q2-’23: 4.5%
Asking Rent (Q2-’24): $1,039
Effective Rent (Q2-’24): $1,035
Multifamily Vacancy Rate (Q2-’24): 4.0%
Multifamily Cap Rate (Q2-’24): 8.1%
Source: National Association of Realtors
Rockford, IL Housing Market Statistics:
Median Home Price (Q2-’24): $197,700
Home Price Appreciation Since Q2-’23: 12.1%
Source: National Association of Realtors
Rockford, IL Economic Statistics
Population Growth (2022): -0.3%
GDP Growth (2022): 10.6%
Job Growth (Q2-’24): -0.7%
Source: National Association of Realtors
Lists That Mention Rockford, IL:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #13
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #1
Emerging Housing Markets Index – Summer 2024 (WSJ/Realtor.com): #8
Emerging Housing Markets Index – Fall 2024 (WSJ/Realtor.com): #7
Best Real Estate Markets – Large Cities (WalletHub): #94
Best Places to Live (U.S. News): #105
#32: Hartford, CT
Hartford-East Hartford-Middletown, CT Metro Area Population: 1,151,543
Hartford, CT Rental Market Statistics:
Rental Inventory (Q2-’24): 69,139
Units Added Since Q2-’23: +1,125
Asking Rent Growth Since Q2-’23: 4.0%
Asking Rent (Q2-’24): $1,677
Effective Rent (Q2-’24): $1,666
Multifamily Vacancy Rate (Q2-’24): 4.6%
Multifamily Cap Rate (Q2-’24): 7.3%
Source: National Association of Realtors
Hartford, CT Housing Market Statistics:
Median Home Price (Q2-’24): $396,100
Home Price Appreciation Since Q2-’23: 10.7%
Source: National Association of Realtors
Hartford, CT Economic Statistics
Population Growth (2022): 0.8%
GDP Growth (2022): 8.3%
Job Growth (Q2-’24): 1.3%
Source: National Association of Realtors
Lists That Mention Hartford, CT:
Overall Real Estate Prospects (PwC/ULI): #81
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #25
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #37
Emerging Housing Markets Index – Fall 2024 (WSJ/Realtor.com): #15
Best Real Estate Markets – Large Cities (WalletHub): #124
Best Places to Live (U.S. News): #148
#33: Portland, ME
Portland-South Portland, ME Metro Area Population: 566,329
Portland, ME Rental Market Statistics:
Rental Inventory (Q2-’24): 18,021
Units Added Since Q2-’23: +1,366
Asking Rent Growth Since Q2-’23: 2.2%
Asking Rent (Q2-’24): $1,865
Effective Rent (Q2-’24): $1,850
Multifamily Vacancy Rate (Q2-’24): 5.0%
Multifamily Cap Rate (Q2-’24): 7.7%
Source: National Association of Realtors
Portland, ME Housing Market Statistics:
Median Home Price (Q2-’24): $566,400
Home Price Appreciation Since Q2-’23: 5.1%
Source: National Association of Realtors
Portland, ME Economic Statistics
Population Growth (2022): 0.8%
GDP Growth (2022): 9.2%
Job Growth (Q2-’24): 1.2%
Source: National Association of Realtors
Lists That Mention Portland, ME:
Overall Real Estate Prospects (PwC/ULI): #75
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #18
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #10
Emerging Housing Markets Index – Summer 2024 (WSJ/Realtor.com): #19
Best Places to Live (U.S. News): #38
#34: Oklahoma City, OK
Oklahoma City, OK Metro Area Population: 1,477,926
Oklahoma City, OK Rental Market Statistics:
Rental Inventory (Q2-’24): 99,237
Units Added Since Q2-’23: +2,568
Asking Rent Growth Since Q2-’23: 2.5%
Asking Rent (Q2-’24): $996
Effective Rent (Q2-’24): $987
Multifamily Vacancy Rate (Q2-’24): 11.7%
Multifamily Cap Rate (Q2-’24): 7.6%
Source: National Association of Realtors
Oklahoma City, OK Housing Market Statistics:
Median Home Price (Q2-’24): $262,700
Home Price Appreciation Since Q2-’23: 6.1%
Source: National Association of Realtors
Oklahoma City, OK Economic Statistics
Population Growth (2022): 1.2%
GDP Growth (2022): 10.6%
Job Growth (Q2-’24): 3.0%
Source: National Association of Realtors
Lists That Mention Oklahoma City, OK:
Overall Real Estate Prospects (PwC/ULI): #41
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #239
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #138
Best Real Estate Markets – Small Cities (WalletHub): #35
Best Places to Live (U.S. News): #16
#35: Bismarck, ND
Bismarck, ND Metro Area Population: 135,589
Bismarck, ND Rental Market Statistics:
Rental Inventory (Q2-’24): 6,967
Units Added Since Q2-’23: +26
Asking Rent Growth Since Q2-’23: 5.4%
Asking Rent (Q2-’24): $1,156
Effective Rent (Q2-’24): $1,152
Multifamily Vacancy Rate (Q2-’24): 3.2%
Multifamily Cap Rate (Q2-’24): 9.7%
Source: National Association of Realtors
Bismarck, ND Housing Market Statistics:
Median Home Price (Q2-’24): $291,400
Home Price Appreciation Since Q2-’23: 5.0%
Source: National Association of Realtors
Bismarck, ND Economic Statistics
Population Growth (2022): 0.3%
GDP Growth (2022): 6.8%
Job Growth (Q2-’24): -0.1%
Source: National Association of Realtors
Lists That Mention Bismarck, ND:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #201
#36: Reading, PA
Reading, PA Metro Area Population: 432,821
Reading, PA Rental Market Statistics:
Rental Inventory (Q2-’24): 10,611
Units Added Since Q2-’23: +289
Asking Rent Growth Since Q2-’23: 4.2%
Asking Rent (Q2-’24): $1,410
Effective Rent (Q2-’24): $1,403
Multifamily Vacancy Rate (Q2-’24): 3.4%
Multifamily Cap Rate (Q2-’24): 7.5%
Source: National Association of Realtors
Reading, PA Housing Market Statistics:
Median Home Price (Q2-’24): $281,100
Home Price Appreciation Since Q2-’23: 5.1%
Source: National Association of Realtors
Reading, PA Economic Statistics
Population Growth (2022): 0.3%
GDP Growth (2022): 7.1%
Job Growth (Q2-’24): 1.3%
Source: National Association of Realtors
Lists That Mention Reading, PA:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #20
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #30
Best Places to Live (U.S. News): #142
#37: Manchester, NH
Manchester-Nashua, NH Metro Area Population: 427,354
Manchester, NH Rental Market Statistics:
Rental Inventory (Q2-’24): 23,858
Units Added Since Q2-’23: +744
Asking Rent Growth Since Q2-’23: 3.0%
Asking Rent (Q2-’24): $2,017
Effective Rent (Q2-’24): $2,003
Multifamily Vacancy Rate (Q2-’24): 4.3%
Multifamily Cap Rate (Q2-’24): 6.4%
Source: National Association of Realtors
Manchester, NH Housing Market Statistics:
Median Home Price (Q2-’24): $568,700
Home Price Appreciation Since Q2-’23: 16.2%
Source: National Association of Realtors
Manchester, NH Economic Statistics
Population Growth (2022): 0.6%
GDP Growth (2022): 6.0%
Job Growth (Q2-’24): 0.7%
Source: National Association of Realtors
Lists That Mention Manchester, NH:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #19
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #7
Emerging Housing Markets Index – Summer 2024 (WSJ/Realtor.com): #4
Emerging Housing Markets Index – Fall 2024 (WSJ/Realtor.com): #4
Best Real Estate Markets – Large Cities (WalletHub): #20
Best Places to Live (U.S. News): #103
#38: Toledo, OH
Toledo, OH Metro Area Population: 600,141
Toledo, OH Rental Market Statistics:
Rental Inventory (Q2-’24): 40,531
Units Added Since Q2-’23: +391
Asking Rent Growth Since Q2-’23: 2.4%
Asking Rent (Q2-’24): $956
Effective Rent (Q2-’24): $949
Multifamily Vacancy Rate (Q2-’24): 6.1%
Multifamily Cap Rate (Q2-’24): 9.4%
Source: National Association of Realtors
Toledo, OH Housing Market Statistics:
Median Home Price (Q2-’24): $188,500
Home Price Appreciation Since Q2-’23: 6.4%
Source: National Association of Realtors
Toledo, OH Economic Statistics
Population Growth (2022): -0.6%
GDP Growth (2022): 10.2%
Job Growth (Q2-’24): 0.0%
Source: National Association of Realtors
Lists That Mention Toledo, OH:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #17
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #18
Emerging Housing Markets Index – Summer 2024 (WSJ/Realtor.com): #13
Emerging Housing Markets Index – Fall 2024 (WSJ/Realtor.com): #19
Best Real Estate Markets – Mid-Sized Cities (WalletHub): #90
Best Places to Live (U.S. News): #98
#39: Youngstown, OH
Youngstown-Warren-Boardman, OH-PA Metro Area Population: 425,969
Youngstown, OH Rental Market Statistics:
Rental Inventory (Q2-’24): 17,976
Units Added Since Q2-’23: +0
Asking Rent Growth Since Q2-’23: 5.1%
Asking Rent (Q2-’24): $828
Effective Rent (Q2-’24): $824
Multifamily Vacancy Rate (Q2-’24): 5.1%
Multifamily Cap Rate (Q2-’24): 9.9%
Source: National Association of Realtors
Youngstown, OH Housing Market Statistics:
Median Home Price (Q2-’24): $164,700
Home Price Appreciation Since Q2-’23: 4.7%
Source: National Association of Realtors
Youngstown, OH Economic Statistics
Population Growth (2022): -0.5%
GDP Growth (2022): 9.0%
Job Growth (Q2-’24): 0.2%
Source: National Association of Realtors
Lists That Mention Youngstown, OH:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #63
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #41
Best Places to Live (U.S. News): #132
#40: Allentown, PA
Allentown-Bethlehem-Easton, PA Metro Area Population: 873,555
Allentown, PA Rental Market Statistics:
Rental Inventory (Q2-’24): 35,495
Units Added Since Q2-’23: +214
Asking Rent Growth Since Q2-’23: 3.0%
Asking Rent (Q2-’24): $1,654
Effective Rent (Q2-’24): $1,646
Multifamily Vacancy Rate (Q2-’24): 3.6%
Multifamily Cap Rate (Q2-’24): 7.1%
Source: National Association of Realtors
Allentown, PA Housing Market Statistics:
Median Home Price (Q2-’24): $354,400
Home Price Appreciation Since Q2-’23: 7.2%
Source: National Association of Realtors
Allentown, PA Economic Statistics
Population Growth (2022): 0.7%
GDP Growth (2022): 7.1%
Job Growth (Q2-’24): 1.4%
Source: National Association of Realtors
Lists That Mention Allentown, PA:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #59
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #35
Best Real Estate Markets – Large Cities (WalletHub): #48
Best Places to Live (U.S. News): #128
#41: Charleston, WV
Charleston, WV Metro Area Population: 203,259
Charleston, WV Rental Market Statistics:
Rental Inventory (Q2-’24): 7,201
Units Added Since Q2-’23: +0
Asking Rent Growth Since Q2-’23: 4.2%
Asking Rent (Q2-’24): $1,008
Effective Rent (Q2-’24): $1,003
Multifamily Vacancy Rate (Q2-’24): 5.9%
Multifamily Cap Rate (Q2-’24): 8.8%
Source: National Association of Realtors
Charleston, WV Housing Market Statistics:
Median Home Price (Q2-’24): $193,200
Home Price Appreciation Since Q2-’23: 11.4%
Source: National Association of Realtors
Charleston, WV Economic Statistics
Population Growth (2022): -0.9%
GDP Growth (2022): 7.7%
Job Growth (Q2-’24): 0.6%
Source: National Association of Realtors
Lists That Mention Charleston, WV:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #141
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #81
#42: Fargo, ND
Fargo, ND-MN Metro Area Population: 262,620
Fargo, ND Rental Market Statistics:
Rental Inventory (Q2-’24): 38,309
Units Added Since Q2-’23: +1,042
Asking Rent Growth Since Q2-’23: 2.5%
Asking Rent (Q2-’24): $1,024
Effective Rent (Q2-’24): $1,018
Multifamily Vacancy Rate (Q2-’24): 6.2%
Multifamily Cap Rate (Q2-’24): 9.0%
Source: National Association of Realtors
Fargo, ND Housing Market Statistics:
Median Home Price (Q2-’24): $310,800
Home Price Appreciation Since Q2-’23: 3.3%
Source: National Association of Realtors
Fargo, ND Economic Statistics
Population Growth (2022): 2.6%
GDP Growth (2022): 7.6%
Job Growth (Q2-’24): 1.6%
Source: National Association of Realtors
Lists That Mention Fargo, ND:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #254
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #131
#43: Pittsburgh, PA
Pittsburgh, PA Metro Area Population: 2,422,725
Pittsburgh, PA Rental Market Statistics:
Rental Inventory (Q2-’24): 105,078
Units Added Since Q2-’23: +1,103
Asking Rent Growth Since Q2-’23: 2.3%
Asking Rent (Q2-’24): $1,336
Effective Rent (Q2-’24): $1,327
Multifamily Vacancy Rate (Q2-’24): 5.8%
Multifamily Cap Rate (Q2-’24): 8.1%
Source: National Association of Realtors
Pittsburgh, PA Housing Market Statistics:
Median Home Price (Q2-’24): $236,100
Home Price Appreciation Since Q2-’23: 4.5%
Source: National Association of Realtors
Pittsburgh, PA Economic Statistics
Population Growth (2022): -0.2%
GDP Growth (2022): 7.5%
Job Growth (Q2-’24): 1.1%
Source: National Association of Realtors
Lists That Mention Pittsburgh, PA:
Overall Real Estate Prospects (PwC/ULI): #45
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #174
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #95
Best Real Estate Markets – Small Cities (WalletHub): #45
Best Places to Live (U.S. News): #36
#44: Tallahassee, FL
Tallahassee, FL Metro Area Population: 393,414
Tallahassee, FL Rental Market Statistics:
Rental Inventory (Q2-’24): 23,843
Units Added Since Q2-’23: +906
Asking Rent Growth Since Q2-’23: 2.8%
Asking Rent (Q2-’24): $1,353
Effective Rent (Q2-’24): $1,340
Multifamily Vacancy Rate (Q2-’24): 10.3%
Multifamily Cap Rate (Q2-’24): 6.7%
Source: National Association of Realtors
Tallahassee, FL Housing Market Statistics:
Median Home Price (Q2-’24): $342,000
Home Price Appreciation Since Q2-’23: 3.0%
Source: National Association of Realtors
Tallahassee, FL Economic Statistics
Population Growth (2022): 1.2%
GDP Growth (2022): 9.8%
Job Growth (Q2-’24): 3.8%
Source: National Association of Realtors
Lists That Mention Tallahassee, FL:
Overall Real Estate Prospects (PwC/ULI): #69
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #122
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #130
Best Real Estate Markets – Mid-Sized Cities (WalletHub): #62
Best Places to Live (U.S. News): #75
#45: Richmond, VA
Richmond, VA Metro Area Population: 1,350,123
Richmond, VA Rental Market Statistics:
Rental Inventory (Q2-’24): 103,219
Units Added Since Q2-’23: +3,270
Asking Rent Growth Since Q2-’23: 3.3%
Asking Rent (Q2-’24): $1,513
Effective Rent (Q2-’24): $1,501
Multifamily Vacancy Rate (Q2-’24): 7.9%
Multifamily Cap Rate (Q2-’24): 6.4%
Source: National Association of Realtors
Richmond, VA Housing Market Statistics:
Median Home Price (Q2-’24): $444,400
Home Price Appreciation Since Q2-’23: 12.5%
Source: National Association of Realtors
Richmond, VA Economic Statistics
Population Growth (2022): 1.8%
GDP Growth (2022): 8.6%
Job Growth (Q2-’24): 1.7%
Source: National Association of Realtors
Lists That Mention Richmond, VA:
Overall Real Estate Prospects (PwC/ULI): #30
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #104
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #117
Best Real Estate Markets – Mid-Sized Cities (WalletHub): #43
Best Places to Live (U.S. News): #64
#46: Champaign, IL
Champaign-Urbana, IL Metro Area Population: 237,052
Champaign, IL Rental Market Statistics:
Rental Inventory (Q2-’24): 16,353
Units Added Since Q2-’23: +150
Asking Rent Growth Since Q2-’23: 4.2%
Asking Rent (Q2-’24): $1,058
Effective Rent (Q2-’24): $1,053
Multifamily Vacancy Rate (Q2-’24): 6.9%
Multifamily Cap Rate (Q2-’24): 7.6%
Source: National Association of Realtors
Champaign, IL Housing Market Statistics:
Median Home Price (Q2-’24): $223,600
Home Price Appreciation Since Q2-’23: 5.5%
Source: National Association of Realtors
Champaign, IL Economic Statistics
Population Growth (2022): 0.3%
GDP Growth (2022): 8.5%
Job Growth (Q2-’24): 2.1%
Source: National Association of Realtors
Lists That Mention Champaign, IL:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #60
#47: Lansing, MI
Lansing-East Lansing, MI Metro Area Population: 473,177
Lansing, MI Rental Market Statistics:
Rental Inventory (Q2-’24): 31,758
Units Added Since Q2-’23: +92
Asking Rent Growth Since Q2-’23: 2.8%
Asking Rent (Q2-’24): $1,170
Effective Rent (Q2-’24): $1,164
Multifamily Vacancy Rate (Q2-’24): 6.1%
Multifamily Cap Rate (Q2-’24): 7.9%
Source: National Association of Realtors
Lansing, MI Housing Market Statistics:
Median Home Price (Q2-’24): $240,300
Home Price Appreciation Since Q2-’23: 6.3%
Source: National Association of Realtors
Lansing, MI Economic Statistics
Population Growth (2022): 0.1%
GDP Growth (2022): 8.9%
Job Growth (Q2-’24): 1.5%
Source: National Association of Realtors
Lists That Mention Lansing, MI:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #40
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #20
Best Real Estate Markets – Large Cities (WalletHub): #69
Best Places to Live (U.S. News): #104
#48: Peoria, IL
Peoria, IL Metro Area Population: 361,989
Peoria, IL Rental Market Statistics:
Rental Inventory (Q2-’24): 12,481
Units Added Since Q2-’23: +126
Asking Rent Growth Since Q2-’23: 2.8%
Asking Rent (Q2-’24): $1,013
Effective Rent (Q2-’24): $1,009
Multifamily Vacancy Rate (Q2-’24): 4.6%
Multifamily Cap Rate (Q2-’24): 8.3%
Source: National Association of Realtors
Peoria, IL Housing Market Statistics:
Median Home Price (Q2-’24): $168,500
Home Price Appreciation Since Q2-’23: 7.6%
Source: National Association of Realtors
Peoria, IL Economic Statistics
Population Growth (2022): -0.4%
GDP Growth (2022): 13.7%
Job Growth (Q2-’24): -0.8%
Source: National Association of Realtors
Lists That Mention Peoria, IL:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #102
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #59
Best Real Estate Markets – Large Cities (WalletHub): #132
Best Places to Live (U.S. News): #82
#49: El Paso, TX
El Paso, TX Metro Area Population: 872,063
El Paso, TX Rental Market Statistics:
Rental Inventory (Q2-’24): 47,056
Units Added Since Q2-’23: +605
Asking Rent Growth Since Q2-’23: 2.8%
Asking Rent (Q2-’24): $1,062
Effective Rent (Q2-’24): $1,056
Multifamily Vacancy Rate (Q2-’24): 5.0%
Multifamily Cap Rate (Q2-’24): 7.2%
Source: National Association of Realtors
El Paso, TX Housing Market Statistics:
Median Home Price (Q2-’24): $264,400
Home Price Appreciation Since Q2-’23: 19.2%
Source: National Association of Realtors
El Paso, Texas Economic Statistics
Population Growth (2022): 0.0%
GDP Growth (2022): 11.9%
Job Growth (Q2-’24): 1.5%
Source: National Association of Realtors
Lists That Mention El Paso, TX:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #298
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #176
Best Real Estate Markets – Small Cities (WalletHub): #34
Best Places to Live (U.S. News): #62
#50: Indianapolis, IN
Indianapolis-Carmel-Anderson, IN Metro Area Population: 2,139,689
Indianapolis, IN Rental Market Statistics:
Rental Inventory (Q2-’24): 171,325
Units Added Since Q2-’23: +6,878
Asking Rent Growth Since Q2-’23: 2.6%
Asking Rent (Q2-’24): $1,277
Effective Rent (Q2-’24): $1,264
Multifamily Vacancy Rate (Q2-’24): 9.7%
Multifamily Cap Rate (Q2-’24): 6.6%
Source: National Association of Realtors
Indianapolis, IN Housing Market Statistics:
Median Home Price (Q2-’24): $329,700
Home Price Appreciation Since Q2-’23: 5.9%
Source: National Association of Realtors
Indianapolis, IN Economic Statistics
Population Growth (2022): 0.6%
GDP Growth (2022): 10.2%
Job Growth (Q2-’24): 2.1%
Source: National Association of Realtors
Lists That Mention Indianapolis, IN:
Overall Real Estate Prospects (PwC/ULI): #32
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #84
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #40
Best Real Estate Markets – Small Cities (WalletHub): #44
Best Places to Live (U.S. News): #66
#51: Lexington, KY
Lexington-Fayette, KY Metro Area Population: 520,045
Lexington, KY Rental Market Statistics:
Rental Inventory (Q2-’24): 39,468
Units Added Since Q2-’23: +609
Asking Rent Growth Since Q2-’23: 4.2%
Asking Rent (Q2-’24): $1,171
Effective Rent (Q2-’24): $1,163
Multifamily Vacancy Rate (Q2-’24): 7.2%
Multifamily Cap Rate (Q2-’24): 7.0%
Source: National Association of Realtors
Lexington, KY Housing Market Statistics:
Median Home Price (Q2-’24): $280,400
Home Price Appreciation Since Q2-’23: 7.3%
Source: National Association of Realtors
Lexington, KY Economic Statistics
Population Growth (2022): 0.0%
GDP Growth (2022): 9.5%
Job Growth (Q2-’24): 2.0%
Source: National Association of Realtors
Lists That Mention Lexington, KY:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #212
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #92
Best Real Estate Markets – Small Cities (WalletHub): #40
Best Places to Live (U.S. News): #15
#52: Dayton, OH
Dayton-Kettering, OH Metro Area Population: 814,363
Dayton, OH Rental Market Statistics:
Rental Inventory (Q2-’24): 53,443
Units Added Since Q2-’23: +981
Asking Rent Growth Since Q2-’23: 4.2%
Asking Rent (Q2-’24): $1,123
Effective Rent (Q2-’24): $1,115
Multifamily Vacancy Rate (Q2-’24): 6.9%
Multifamily Cap Rate (Q2-’24): 7.8%
Source: National Association of Realtors
Dayton, OH Housing Market Statistics:
Median Home Price (Q2-’24): $257,700
Home Price Appreciation Since Q2-’23: 9.8%
Source: National Association of Realtors
Dayton, OH Economic Statistics
Population Growth (2022): -0.1%
GDP Growth (2022): 6.9%
Job Growth (Q2-’24): 0.7%
Source: National Association of Realtors
Lists That Mention Dayton, OH:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #23
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #13
Emerging Housing Markets Index – Summer 2024 (WSJ/Realtor.com): #18
Emerging Housing Markets Index – Fall 2024 (WSJ/Realtor.com): #13
Best Real Estate Markets – Large Cities (WalletHub): #127
Best Places to Live (U.S. News): #101
#53: Pittsfield, MA
Pittsfield, MA Metro Area Population: 126,818
Pittsfield, MA Rental Market Statistics:
Rental Inventory (Q2-’24): 2,045
Units Added Since Q2-’23: +0
Asking Rent Growth Since Q2-’23: 1.1%
Asking Rent (Q2-’24): $1,084
Effective Rent (Q2-’24): $1,081
Multifamily Vacancy Rate (Q2-’24): 3.2%
Multifamily Cap Rate (Q2-’24): 8.8%
Source: National Association of Realtors
Pittsfield, MA Housing Market Statistics:
Median Home Price (Q2-’24): $281,200
Home Price Appreciation Since Q2-’23: -2.2%
Source: National Association of Realtors
Pittsfield, MA Economic Statistics
Population Growth (2022): -0.6%
GDP Growth (2022): 6.7%
Job Growth (Q2-’24): 2.0%
Source: National Association of Realtors
Lists That Mention Pittsfield, MA:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #111
#54: Charleston, SC
Charleston-North Charleston, SC Metro Area Population: 849,417
Charleston, SC Rental Market Statistics:
Rental Inventory (Q2-’24): 69,830
Units Added Since Q2-’23: +3,557
Asking Rent Growth Since Q2-’23: 1.1%
Asking Rent (Q2-’24): $1,790
Effective Rent (Q2-’24): $1,773
Multifamily Vacancy Rate (Q2-’24): 9.7%
Multifamily Cap Rate (Q2-’24): 5.4%
Source: National Association of Realtors
Charleston, SC Housing Market Statistics:
Median Home Price (Q2-’24): $457,000
Home Price Appreciation Since Q2-’23: 6.2%
Source: National Association of Realtors
Charleston, SC Economic Statistics
Population Growth (2022): 2.1%
GDP Growth (2022): 11.0%
Job Growth (Q2-’24): 4.7%
Source: National Association of Realtors
Lists That Mention Charleston, SC:
Overall Real Estate Prospects (PwC/ULI): #35
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #124
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #120
Best Real Estate Markets – Small Cities (WalletHub): #8
Best Places to Live (U.S. News): #13
#55: Florence, SC
Florence, SC Metro Area Population: 199,630
Florence, SC Rental Market Statistics:
Rental Inventory (Q2-’24): 5,874
Units Added Since Q2-’23: +118
Asking Rent Growth Since Q2-’23: 1.8%
Asking Rent (Q2-’24): $1,109
Effective Rent (Q2-’24): $1,103
Multifamily Vacancy Rate (Q2-’24): 5.5%
Multifamily Cap Rate (Q2-’24): 7.3%
Source: National Association of Realtors
Florence, SC Housing Market Statistics:
Median Home Price (Q2-’24): $227,400
Home Price Appreciation Since Q2-’23: 9.2%
Source: National Association of Realtors
Florence, SC Economic Statistics
Population Growth (2022): -0.1%
GDP Growth (2022): 6.8%
Job Growth (Q2-’24): 3.9%
Source: National Association of Realtors
Lists That Mention Florence, SC:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #159
#56 (tie): Norwich, CT
Norwich-New London, CT Metro Area Population: 279,634
Norwich, CT Rental Market Statistics:
Rental Inventory (Q2-’24): 11,455
Units Added Since Q2-’23: +222
Asking Rent Growth Since Q2-’23: 7.7%
Asking Rent (Q2-’24): $1,716
Effective Rent (Q2-’24): $1,708
Multifamily Vacancy Rate (Q2-’24): 3.3%
Multifamily Cap Rate (Q2-’24): 6.7%
Source: National Association of Realtors
Norwich, CT Housing Market Statistics:
Median Home Price (Q2-’24): $380,300
Home Price Appreciation Since Q2-’23: 9.9%
Source: National Association of Realtors
Norwich, CT Economic Statistics
Population Growth (2022): 0.4%
GDP Growth (2022): 8.9%
Job Growth (Q2-’24): 1.6%
Source: National Association of Realtors
Lists That Mention Norwich, CT:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #30
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #55
#56 (tie): Glens Falls, NY
Glens Falls, NY Metro Area Population: 125,427
Glens Falls, NY Rental Market Statistics:
Rental Inventory (Q2-’24): 3,600
Units Added Since Q2-’23: +24
Asking Rent Growth Since Q2-’23: 2.4%
Asking Rent (Q2-’24): $1,230
Effective Rent (Q2-’24): $1,226
Multifamily Vacancy Rate (Q2-’24): 1.0%
Multifamily Cap Rate (Q2-’24): 8.0%
Source: National Association of Realtors
Glens Falls, NY Housing Market Statistics:
Median Home Price (Q2-’24): $270,100
Home Price Appreciation Since Q2-’23: 19.8%
Source: National Association of Realtors
Glens Falls, NY Economic Statistics
Population Growth (2022): -0.1%
GDP Growth (2022): 8.2%
Job Growth (Q2-’24): -0.2%
Source: National Association of Realtors
#58: Kankakee, IL
Kankakee, IL Metro Area Population: 105,940
Kankakee, IL Rental Market Statistics:
Rental Inventory (Q2-’24): 1,605
Units Added Since Q2-’23: +0
Asking Rent Growth Since Q2-’23: 3.2%
Asking Rent (Q2-’24): $896
Effective Rent (Q2-’24): $890
Multifamily Vacancy Rate (Q2-’24): 3.4%
Multifamily Cap Rate (Q2-’24): 8.9%
Source: National Association of Realtors
Kankakee, IL Housing Market Statistics:
Median Home Price (Q2-’24): $209,600
Home Price Appreciation Since Q2-’23: 6.5%
Source: National Association of Realtors
Kankakee, IL Economic Statistics
Population Growth (2022): -0.5%
GDP Growth (2022): 10.6%
Job Growth (Q2-’24): 0.9%
Source: National Association of Realtors
#59: Kalamazoo, MI
Kalamazoo-Portage, MI Metro Area Population: 262,215
Kalamazoo, MI Rental Market Statistics:
Rental Inventory (Q2-’24): 19,634
Units Added Since Q2-’23: +288
Asking Rent Growth Since Q2-’23: 2.1%
Asking Rent (Q2-’24): $1,180
Effective Rent (Q2-’24): $1,170
Multifamily Vacancy Rate (Q2-’24): 8.1%
Multifamily Cap Rate (Q2-’24): 7.2%
Source: National Association of Realtors
Kalamazoo, MI Housing Market Statistics:
Data unavailable
Kalamazoo, MI Economic Statistics
Population Growth (2022): 0.0%
GDP Growth (2022): 7.9%
Job Growth (Q2-’24): -0.4%
Source: National Association of Realtors
Lists That Mention Kalamazoo, MI:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #106
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #23
Emerging Housing Markets Index – Summer 2024 (WSJ/Realtor.com): #14
Emerging Housing Markets Index – Fall 2024 (WSJ/Realtor.com): #5
Best Places to Live (U.S. News): #90
#60: Trenton, NJ
Trenton-Princeton, NJ Metro Area Population: 381,671
Trenton, NJ Rental Market Statistics:
Rental Inventory (Q2-’24): 20,817
Units Added Since Q2-’23: +0
Asking Rent Growth Since Q2-’23: 2.1%
Asking Rent (Q2-’24): $2,113
Effective Rent (Q2-’24): $2,099
Multifamily Vacancy Rate (Q2-’24): 4.1%
Multifamily Cap Rate (Q2-’24): 6.0%
Source: National Association of Realtors
Trenton, NJ Housing Market Statistics:
Median Home Price (Q2-’24): $467,200
Home Price Appreciation Since Q2-’23: 14.1%
Source: National Association of Realtors
Trenton, NJ Economic Statistics
Population Growth (2022): -1.4%
GDP Growth (2022): 10.0%
Job Growth (Q2-’24): 2.3%
Source: National Association of Realtors
Lists That Mention Trenton, NJ:
Emerging Housing Markets Index – Winter 2024 (WSJ/Realtor.com): #106
Emerging Housing Markets Index – Spring 2024 (WSJ/Realtor.com): #23
Emerging Housing Markets Index – Summer 2024 (WSJ/Realtor.com): #14
Best Places to Live (U.S. News): #145
Methodology: How Do We Calculate Up-and-Coming Real Estate Markets?
Industry Indicators
Measures of opportunity for rental property investors and property managers:
- Markets with the best overall real estate investment prospects, as measured by PwC and the Urban Land Institute
- Housing markets with emerging investment opportunities, as measured by the Wall Street Journal and Realtor.com
- Markets with a greater number of renters relative to homeowners, as measured by the National Association of Realtors
- Markets with a high rate of renter household formation, as measured by the National Association of Realtors
Housing Indicators
Measures of property prices and rent growth:
- Markets with the highest growth in asking rents, as measured by the National Association of Realtors
- Markets with the lowest rental property vacancy rate, as measured by the National Association of Realtors
- Markets with the highest rental property cap rates, as measured by the National Association of Realtors
- Markets with the most home price appreciation, as measured by the National Association of Realtors
- Markets with affordable monthly mortgage payments relative to income, as measured by the National Association of Realtors
Economic and Job Market Indicators
Measures of employment growth:
- Markets with the lowest unemployment rates, as measured by the National Association of Realtors
- Markets with the most employment growth, as measured by the National Association of Realtors
- Markets with the most GDP growth, as measured by the National Association of Realtors
- States with the most economic activity, as measured by the National Association of Realtors
Demographic Indicators
Measures of population growth:
- Markets with the greatest population growth, as measured by the National Association of Realtors
- The fastest-growing real estate markets, as measured by U.S. News
- The best places to live, based on analyses of quality of life and desirability, as measured by U.S. News
Climate Indicators
Measures of climate vulnerability:
- Markets with the lowest risk of natural disasters and extreme conditions, as measured by the Federal Emergency Management Agency
2025 Property Management Industry Trends
Learn more about the forces that will shape the rental market in 2025—download your free copy of our 2025 State of the Property Management Industry Report today. Here’s what you’ll find inside:
- Growth tactics: The strategies that property management companies will use to win new business
- Technology strategies: The tools that will help companies scale their processes as they expand their portfolios
- Market insights: The economic and demographic trends that continue to drive rental demand
- Customer feedback: Opportunities for service-oriented property management companies to create loyal residents and clients
