That was surprisingly civil and entertaining. I’m glad we’re back to topic, but was interesting to watch.
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Number of apartments expected to be completed in 2025. Check out some peer cities too.
Look for apartment rents to continue to soften and new starts to fall off dramatically.
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Unless RDU picks up on those direct flights into the City and a boom in jobs from the new administration.
Raleigh has LOTS of high wage earners in fact as a percentage more than Charlotte, Nashville, Houston, Dallas Ft Worth but not as high in percentages as Austin.
But congrats nonetheless. https://www.adpresearch.com/high-paying-jobs-theyre-a-dime-a-dozen/
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welcome back!
good to have you!
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Just thought this was interesting.
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The Niche ranking comes just weeks after WalletHub, a personal finance website, said Raleigh is the happiest city in North Carolina, coming in at No. 22 on their list of happiest cities in the nation, followed by Durham and Charlotte, ranked at No. 29 and No. 52, respectively.
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Raleigh named top 10 city for which renters to live in.
https://www.rentcafe.com/blog/rental-market/market-snapshots/best-cities-for-renters/
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In terms of what? Price? 
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Raleigh rents are pretty cheap compared to salary versus many places.
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AND have somewhat stabilized over the past year or so with all the new housing that hit the market (and will continue to)
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- Raleigh cancels Six Forks Road widening due to costs doubling.
- Funds redirected to other infrastructure improvements around the city. (Such as Upgrade Lake Wheeler Road) https://www.bizjournals.com/triangle/news/2025/07/01/raleigh-six-forks-road-improvements-funding-cost.html?cx_testId=40&cx_testVariant=cx_45&cx_artPos=0#cxrecs_s
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From ApartmentList National Apartment report. I looked at several cities in the southeast and Austin for comparisons. Charlotte and Nashville track almost in lockstep with median rents, year over year rent growth and even vacancy. Austin is the cheapest apartment market now having the steepest declines in rent (reason I saw very few new apartment complexes coming out the ground but lots of brand-new apartments leasing up) Atlanta is by far the most expensive place to rent an apartment. These figures are for city only so only the city of Nashville not the entire metro but you can drill down to outlying counties and so forth. Richmond is the only market with positive rent growth year over year and the lowest vacancy.
Apartment List National Rent Report https://www.apartmentlist.com/research/national-rent-data
CITY (Not metro) MEDIAN RENT ALL SIZES VACANCY RATE YEAR OVER YEAR RENT GROWTH Metro YOY
CHARLOTTE $ 1,419.00 8.8 -1.8
ATLANTA $ 1,528.00 8 -0.8
AUSTIN $ 1,381.00 9.6 -6.1 -6.4
NASHVILLE $ 1,420.00 8.1 -1.6
RALEIGH $ 1,404.00 8 -2.1 -2.4
RICHMOND $ 1,406.00 7.4 0.3 2.4
USA AVERAGES $ 1,401.00 7 -0.7
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$1400 is a lot more than Austin cost a decade ago, and I perceived Austin to be expensive at the time. We’re settling back a bit but still pretty hefty.
Just thinking about the amount of ‘city’ you can get in Portland or Pittsburgh for the same price… doesn’t feel great.
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Apartments in Raleigh tend to be newer and many times larger than older cities like Pittsburgh or even Portland. The housing stock in Raleigh is just so much newer as the area has grown so much recently.
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That is true and yet, so is the above…
You can add Philly to the list too, it’s sad to think about it. It’s a shame.
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First for business, and 52nd for workers (after DC and Puerto Rico).