Finding somewhere to rent in Tacoma could be a challenge, since it’s among the”hottest” communities in the country, based on some 2021 report from the flat search site RentCafé.
Tacoma ranked 11th on the list based on metrics related to rent compiled during the first three months of 2021. It is ranked just behind Huntsville, Alabama and one place ahead of Colorado Springs. There’s a Washington city high on the record, but it might surprise you that it is not Seattle: Spokane had the second-hottest rental market in the country, only after Central Valley, California.
1 reason Tacoma rated so high is low vacancy rates: the average vacancy was only 31 days and 97% of flats are occupied.
The RentCafé study analyzed Yardi Systems housing market information across 125 lease markets in the United States, also found that, on average nationwide, flats go empty for an average of 39 days, with 94 percent of leases occupied, and an average of 11 tenants competing for an apartment.
As mentioned over Central Valley — a region in California that includes Fresno, Bakersfield, Stockton and Modesto — regarded since the hottest rental market in the nation . The central California area was followed by Spokane then Boise, Idaho, Sacramento, California, and the Inland Empire area in Southern California in rounding out the top five.
Midsize cities made up a vast majority of the top 30 markets on the listing. Phoenix, Tampa and Memphis were the biggest cities recorded, and not one of them left the top 20.
The 3 midsize California markets that created the top five are, in part, a result of a recent trend of people moving to those areas from Los Angeles and the Bay Area, RentCafé said, citing a 2020 report from Redfin.