Finding a place to rent in the Piedmont Triad cities of Greensboro, Winston-Salem and High Point, North Carolina can be a challenge, as it is among the “hottest” communities in the country, according to a 2021 report from the apartment search website RentCafé.
The Piedmont Triad is tied with Memphis at No. 25 on the list based on metrics related to rent competitively during the first three months of 2021. It’s ranked just behind Tampa, Florida.
RentCafé found a 78 rent trend score for the Triad, which the study shows has 35 average vacancy days per year, a 40.75 competitive score, an average of 13 perspective renters for every vacancy, and 95 percent of apartments occupied.
Nationally, the RentCafé study that analyzed Yardi Systems apartment market data across 125 rental markets in the United States found apartments go vacant for an average of 39 days, with 94 percent of rentals occupied, and an average of 11 renters competing for an apartment.
