According to Apartment List's latest Migration Report, renters who are looking to move are not only dealing with an affordability crunch, but also navigating a tight market with historically low vacancy rates. They also say that at the same time, migration patterns are being impacted by one of the most significant societal shifts brought about by the pandemic - remote work. Their data show that in Q3 2021, 40% of Apartment List users were searching to move to a new metropolitan area, and 26% were searching in a different state altogether. Indeed...
"2021 is poised to be a historic year for the rental market, as rapid price appreciation threatens affordability across the country. Housing is already taking center-stage in local politics, as cities debate rent control, upzoning, eviction moratoria, and other legislation to improve short- and long-term housing security for renters. All of these shifts have the potential to accelerate migration..."
Click on the graphic above to make it interactive.
Click here to read the full report at Apartment List.
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