Greensboro Year-Over-Year Rent Increases Among Nationwide Leaders

Posted By: Jon Lowder Blog,

According to a recent report from Apartment List, Greensboro's year-over-year rent growth in March was among the highest in the country. From the report:

Affordable mid-size markets continue to boom

As expensive coastal cities watched rents plummet throughout 2020, a separate group of mid-sized markets were heating up. The pandemic and remote work spurred demand for the space and affordability that these cities offered, and in response, rent prices grew even as the surrounding economy struggled. But while rent declines in expensive markets have reversed course, the cities where rents have been growing fastest are continuing to boom.