With mortgage rates still high and home listings still scant, may would-be homebuyers have no choice but to continue to rent. Listed below are the top ten rental markets, taking into account rent-to-income ratio (displayed after the city’s name) as well as job opportunities, average commute time and access to local amenities. Note that all ten are in the South and Midwest, with none in the West or Northeast.
- Austin, TX – 19.7%
- Oklahoma City, OK – 17.7%
- Birmingham, AL – 22.9%
- San Antonio, TX – 21.3%
- Minneapolis, MN – 19.3%
- Sandy Springs, GA – 23.4%
- Nashville, TN – 23.8%
- Kansas City, MO – 19.7%
- Raleigh, NC – 20.0%
- Norfolk, VA – 22.8%