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Looking for a new place to live?
These cities are full of people trying to findaffordableand open homes.
As the amount of available rentals goes down, the prices go up.
RentCafe released a reportof the current most competitive rental markets.
Read experts takes onwhy so many people are flocking to these cities.
For every open rental, 16 prospective renters apply.
In the city, 95.6% of apartments are occupied and 69.5% of leases are renewed.
Apartments stay on the market for only 33 days.
For reference, the average is 39 days.
Chicago is one of the top cities in the U.S. for job opportunities.
Even remote workers move there because of the extracurricular opportunities.
New rentals only stay on the market for about 32 days.
Once tenants get in, they tend to stay in as witnessed by the 69.6% lease renewal rate.
Bridgeport-New Haven, Connecticut
Choate explained that Bridgeport became a destination during the pandemic.
Migration patterns increasingly followaffordability, lifestyle quality and work flexibility.
The competition continues in the area, as 16 prospective renters apply for every open spot.
Chicago, Illinois
From the suburbs to the actual city, renters love The Windy City.
Choate guessed this trend is likely to continue.
In North Jersey, 95.7% of the units are occupied, and 69.8% of leases are renewed.
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