Apartment List Report Shows Rents Rising in Triad, Falling in Larger Cities

Apartment List released a report that highlights the different effects that the COVID pandemic has had on rents across the country from March to December 2020. In many large cities rents fell, while in mid-size cities like Greensboro, Winston-Salem and High Point, rents increased. Here are the numbers for North Carolina's larger cities:

• Fayetteville +10%
• Greensboro +7.7%
• Concord +6.3%
• Mooresville +6.3%
• Asheville +4.3%
• High Point +3.7%
• Winston-Salem +3.4%
• Wilmington +3%
• Raleigh -0.2%
• Durham -1.6%
• Charlotte -2.2%

The report also points out that most of the rent declines were found in principal cities and not the suburbs. Read the full report here.