North Carolina’s Research Triangle Tops Forbes’ 2018 List Of The Best Places To Rent
Forbes Staff, April 15, 2018
Home to UNC Chapel Hill, N.C. State and Duke University, North Carolina’s Research Triangle region—including the cities of Raleigh, Durham and Chapel Hill—is best known for top notch universities, but students would be wise to consider sticking around after graduation. Reasonably priced apartments, coupled with strong population growth and ample employment opportunities, earn the area the top spot on our 2018 list of the best places to be a renter this year.
Overall, cities on this list fall into two broad buckets, explains John Chang head of research for Marcus & Millichap, the commercial brokerage which provides data and insights for our annual ranking. On one end of the spectrum are the slow and steady markets. Places like no. 5 Louisville, Ky. Or no. 7 St. Louis, which tend to be affordable with plenty of inventory to choose from and room to grow. In these places, however, economic growth is modest. Huge waves of people aren’t moving in and demanding places to live, instead a stable population of locals tend to own homes.