Cities Where New Apartment Construction Is Skyrocketing

Special Report

November 17, 2022 10:00 am

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30. Seattle-Tacoma-Bellevue, WA
> New building permits with 5+ units, 2021: 66.1% of all permits (+6.9 ppts from 2016)
> New building permits with 5+ units, 2016: 59.2% of all permits
> Median rent: $1,730 per month
> Population density, 2021: 683.4 people per square mile
> Total population, 2021: 4.0 million

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29. Coeur dAlene, ID
> New building permits with 5+ units, 2021: 29.3% of all permits (+8.4 ppts from 2016)
> New building permits with 5+ units, 2016: 20.9% of all permits
> Median rent: $1,176 per month
> Population density, 2021: 145.3 people per square mile
> Total population, 2021: 179,789

ALSO READ: Where to Find the Cheapest Rent in Every State

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28. Huntsville, AL
> New building permits with 5+ units, 2021: 30.9% of all permits (+8.5 ppts from 2016)
> New building permits with 5+ units, 2016: 22.5% of all permits
> Median rent: $974 per month
> Population density, 2021: 369.2 people per square mile
> Total population, 2021: 502,728

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27. Ithaca, NY
> New building permits with 5+ units, 2021: 79.7% of all permits (+9.0 ppts from 2016)
> New building permits with 5+ units, 2016: 70.6% of all permits
> Median rent: $1,272 per month
> Population density, 2021: 221.6 people per square mile
> Total population, 2021: 105,162

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26. Nashville-Davidson–Murfreesboro–Franklin, TN
> New building permits with 5+ units, 2021: 45.0% of all permits (+9.3 ppts from 2016)
> New building permits with 5+ units, 2016: 35.7% of all permits
> Median rent: $1,260 per month
> Population density, 2021: 353.9 people per square mile
> Total population, 2021: 2.0 million

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