Priced-out renters flock to Buffalo and Houston as next rental magnets
New Zillow data shows renters priced out of pricey coastal and metro areas are increasingly scouting outside their home markets, with Buffalo, Chicago and Houston drawing the biggest flows of out-of-town rental searches. The trend highlights Buffalo’s relative affordability, while Houston’s appeal is driven by jobs and growth. Other cities like Salt Lake City, Raleigh, Hartford and Nashville also see outsized outsider demand, signaling potential future home-buying in these areas. In New York City’s case, renters are more often heading south (Raleigh, Miami, Orlando, Tampa). Rent prices are finally rising after years of relief, and analysts say rising outsider interest can precede broader home-purchase activity.
- Buffalo and Houston are the next big landing spots for priced-out renters, Zillow finds New York Post
- Rental Demand Migrates Toward Lower-Cost US Markets Yahoo Finance
- Here are 10 cities where American renters want to move USA Today
- Here’s where rental demand is heading and what it means for future home sales CNBC
- Zillow Says Renting Is Cheaper. Zillow’s Own Numbers Say It Isn’t Business Model Analyst
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