This North Carolina City Named The State’s Best For Renters
Durham North Carolina ranked as the 18th best city for renters by Forbes. This is according to the publication’s “Best Cities For Renters Of 2023”. To create this list Forbes Advisor looked at the 96 most-populated U.S. cities. From there they compared the cities against 23 metrics relating to renters. These included average rental prices and unit sizes for both one and two-bedroom spaces, year-over-year change in pricing, and percentages of residents who are “rent burdened”. Other things considered included dog friendliness, amenities, and crime rates. Ultimately this data revealed that just one North Carolina City was named as the best for renters.
So what propelled Durham to the top? An average rent cost of $1,215 is certainly part of it. I’d gladly take that price vs what I’m paying in Charlotte. And I know that my rent is still on the lower end for the city. Rent has also decreased in Durham by -1.53% over the last year. Say what? Rent decreased? That seems like a foreign concept these days. Durham is looking more and more enticing for sure. If you want even more bang for your buck though you may want to consider the Southwest. It was Chandler and Gilbert Arizona that took the top spots on this list. And third stayed in the region- Henderson Nevada.
A North Carolina city was also among the worst cities for renters- Greensboro. They ranked 19th on this list. You can read the full study from Forbes Advisor here.
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