Special Report

Cities Where New Apartment Construction Is Skyrocketing

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40. Durham-Chapel Hill, NC
> New building permits with 5+ units, 2021: 35.9% of all permits (+3.9 ppts from 2016)
> New building permits with 5+ units, 2016: 32.0% of all permits
> Median rent: $1,147 per month
> Population density, 2021: 285.6 people per square mile
> Total population, 2021: 654,012

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39. Raleigh-Cary, NC
> New building permits with 5+ units, 2021: 34.0% of all permits (+4.2 ppts from 2016)
> New building permits with 5+ units, 2016: 29.9% of all permits
> Median rent: $1,266 per month
> Population density, 2021: 683.7 people per square mile
> Total population, 2021: 1.4 million

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38. Springfield, MO
> New building permits with 5+ units, 2021: 34.0% of all permits (+4.3 ppts from 2016)
> New building permits with 5+ units, 2016: 29.7% of all permits
> Median rent: $802 per month
> Population density, 2021: 159.5 people per square mile
> Total population, 2021: 479,598

37. Albany-Schenectady-Troy, NY
> New building permits with 5+ units, 2021: 43.8% of all permits (+4.6 ppts from 2016)
> New building permits with 5+ units, 2016: 39.3% of all permits
> Median rent: $1,091 per month
> Population density, 2021: 319.8 people per square mile
> Total population, 2021: 899,286

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36. Santa Maria-Santa Barbara, CA
> New building permits with 5+ units, 2021: 49.9% of all permits (+4.8 ppts from 2016)
> New building permits with 5+ units, 2016: 45.1% of all permits
> Median rent: $1,859 per month
> Population density, 2021: 163.3 people per square mile
> Total population, 2021: 446,475

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