This Carolinas Market Grew Renter Households at Nation’s Fastest Rate

In looking at net growth in renter households since 2020, several North Carolina and South Carolina markets rank among the top in the nation. In Wilmington, the number of renter households grew by over a quarter (25.2%) from 2020 to 2023, which marked the highest rate in the nation, according to data from RealPage Market Analytics. Naturally, the list of markets with the biggest growth in renter households virtually mirrors supply trends, as areas with more supply are going to naturally see more absorption. And apartment absorption in the Carolinas has been prolific of late. Among the nation’s 150 largest markets, the Carolinas contains six metros within the top quartile nationally for renter household growth. Only Greensboro, Columbia and Fayetteville rank outside of that top 25% of markets.

For more information on the state of apartment markets in the Carolinas, including forecasts, watch the webcast Market Intelligence: Q1 Carolinas Update.