Taking a cue from robust local income growth, Richmond, Va., and San Jose, Calif., are forecast to be the rent-growth leaders in 2024, both rising by 4%, according to a new report from RealPage.
Such local prosperity often drives the steeper rental price increases, according to Arben Skivjani, a Deputy Chief Economist and Director of Forecasting for RealPage.
Close behind those two are West Palm Beach (3.9%) and Anaheim, Pittsburgh, and San Francisco, each above 3.4%. Columbus, Riverside, Baltimore, and Philadelphia are expected to rise by 3.2%.
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