Las Vegas, North Port and Orlando led the nation in potential inbound migration based on Redfin search activity.

The sector's near-term pipeline remains robust, but a steep decline in projected deliveries after 2026 could reshape investment and development strategies.

Rents dropped by 4.6 percent in the second quarter — but decreasing construction leaves short-term optimism.

Zillow's analysis identifies Raleigh, Hartford and New Orleans among the metros drawing the largest shares of rental interest from outside their local markets.