Special Report

Cities Where New Apartment Construction Is Skyrocketing

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50. Denver-Aurora-Lakewood, CO
> New building permits with 5+ units, 2021: 53.4% of all permits (+2.3 ppts from 2016)
> New building permits with 5+ units, 2016: 51.1% of all permits
> Median rent: $1,605 per month
> Population density, 2021: 356.2 people per square mile
> Total population, 2021: 3.0 million

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49. Fresno, CA
> New building permits with 5+ units, 2021: 11.8% of all permits (+2.3 ppts from 2016)
> New building permits with 5+ units, 2016: 9.5% of all permits
> Median rent: $1,164 per month
> Population density, 2021: 170.1 people per square mile
> Total population, 2021: 1.0 million

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48. Houston-The Woodlands-Sugar Land, TX
> New building permits with 5+ units, 2021: 22.6% of all permits (+2.4 ppts from 2016)
> New building permits with 5+ units, 2016: 20.2% of all permits
> Median rent: $1,190 per month
> Population density, 2021: 871.6 people per square mile
> Total population, 2021: 7.2 million

47. Burlington, NC
> New building permits with 5+ units, 2021: 31.0% of all permits (+2.4 ppts from 2016)
> New building permits with 5+ units, 2016: 28.6% of all permits
> Median rent: $894 per month
> Population density, 2021: 410.6 people per square mile
> Total population, 2021: 173,877

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46. New York-Newark-Jersey City, NY-NJ-PA
> New building permits with 5+ units, 2021: 72.8% of all permits (+2.6 ppts from 2016)
> New building permits with 5+ units, 2016: 70.2% of all permits
> Median rent: $1,600 per month
> Population density, 2021: 2,957.4 people per square mile
> Total population, 2021: 19.8 million

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