Even with endless City Council taxes, fees, costs, and regulation, Philadelphia’s rental market still fares well nationally and regionally, even beating out NYC!
HAPCO Philadelphia looks at the new May survey just out from bloggers at RentCafe.com
It ranks Philly rentals the most sought-after in the Northeast, four spots above Manhattan.
And nationally, the RentCafe survey has Philadelphia in the 13th most-desirable spot, with Kansas City, Missouri ranked as most-desirable.
These are the metrics that pushed Philly high on the list:
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Apartment hunters have favorited four times more listings (up 425%) compared to this time last year.
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The number of personalized searches for Philly apartments saved has increased by 80%.
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Wannabe renters have viewed 14% more listings in the city.
If this all seems too-good-to-be-true given the struggles facing the city’s rental and investment property owners, HAPCO Philadelphia says take a look and see if you agree with RentCafe’s methodology.