{"id":136940,"date":"2021-04-01T09:30:13","date_gmt":"2021-04-01T15:30:13","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=136322"},"modified":"2023-03-29T10:07:22","modified_gmt":"2023-03-29T16:07:22","slug":"bpinsights-march-2021","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/bpinsights-march-2021","title":{"rendered":"Where Did Rents Increase the Most in 2020? Here&#8217;s What You Missed on BPInsights"},"content":{"rendered":"\n\n      <iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC6297261359&#038;light=false\" width=\"100%\"><\/iframe>  \n\n\n\n\n<p>One of the biggest real estate stories to come out of COVID-19 is what many are calling a \u201cmass exodus\u201d from expensive urban centers. In places like San Francisco and New York City, the kinds of renters who were forking over $2,000 a month for a cramped one-bedroom have moved to greener pastures\u2014often literally\u2014packing up their tiny apartment in favor of more affordable living with room to spread out.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Where did rents increase the most in 2020?<\/h2>\n\n\n\n<p>Across the country, <a href=\"https:\/\/houstonagentmagazine.com\/2021\/02\/16\/houston-rents-jump-in-2020-along-with-other-major-markets\/\" target=\"_blank\" rel=\"noopener\">demand for multifamily rentals has fallen<\/a>\u2014especially in buildings with <a href=\"https:\/\/www.realtor.com\/news\/trends\/where-rent-prices-are-falling-most-pandemic\/\" target=\"_blank\" rel=\"noopener\">shared elevators<\/a>. According to a recent <a href=\"https:\/\/www.realtor.com\/research\/december-2020-rent\/\" target=\"_blank\" rel=\"noopener\">Realtor.com<\/a> report, rents for one-bedroom apartments were falling year-over-year in 37 of the 100 largest counties in the United States.<\/p>\n\n\n\n<p>But it\u2019s not all doom and gloom for landlords right now. Nationally, the market for single-family rentals with outdoor space has soared, and in some cities rental prices have actually increased since the start of the pandemic.<\/p>\n\n\n\n<p>\u201cIn rental housing, we are seeing a shift away from high-cost urban downtowns toward suburbs and affordable mid-sized towns,\u201d says George Ratiu, senior economist for <a href=\"http:\/\/realtor.com\/\" target=\"_blank\" rel=\"noopener\">Realtor.com<\/a>. \u201cFor many renters, proximity to a large employment center remains important. However, remote work has extended the commute circle outward from the city center to a one&#8211;to-two-hour distance. For example, while San Francisco has topped <a href=\"http:\/\/realtor.com\/\" target=\"_blank\" rel=\"noopener\">Realtor.com<\/a>\u2019s list of steepest rent declines, Sacramento and Fresno have experienced rent growth.\u201d<\/p>\n\n\n\n<p>From more affordable metros and Sunbelt cities to popular big towns across\u2014normally pretty warm\u2014Texas, here\u2019s where rents have gone up since the start of the pandemic.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/03\/rent-increase-1-928x1024.png\" alt=\"\" class=\"wp-image-136323\" title=\"\"><\/figure>\n\n\n\n<p>What makes these cities so special? <a href=\"https:\/\/www.biggerpockets.com\/insights\/articles\/rent-growth-2020\" target=\"_blank\" rel=\"noopener noreferrer\">Find out at BPInsights<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What is BPInsights?<\/h2>\n\n\n\n<p>Successful investing requires accurate, easy-to-understand information about your properties and the markets you invest in. <a href=\"https:\/\/www.biggerpockets.com\/bp-insights\" target=\"_blank\" rel=\"noopener noreferrer\">BPInsights<\/a> is an exclusive feature for <a href=\"https:\/\/www.biggerpockets.com\/membership-types\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Pro members<\/a> that offers a deeper dive into the real estate market. Here&#8217;s what BPInsights offers:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Fresh and unique data. <\/strong>We licensed data from the industry\u2019s top providers to ensure BiggerPockets Pro and Premium members have access to every change in the market, as it happens.<\/li>\n\n\n\n<li><strong>Property Insights tool.<\/strong> Whether you&#8217;re analyzing a new investment or ensuring your current properties are appropriately priced, Property Insights delivers accurate comps to inform your strategy.<\/li>\n\n\n\n<li><strong>In-depth analysis.<\/strong> Our team of expert real estate investors and analysts break down market trends to help you digest crucial information so you can better manage your investing.<\/li>\n\n\n\n<li><strong>Proprietary spreadsheets. <\/strong>Download spreadsheets produced by the BPInsights team so you can personalize the data and conduct your own analysis.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<div class=\"wp-block-group alignwide\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile\"><figure class=\"wp-block-media-text__media\"><a href=\"https:\/\/www.biggerpockets.com\/bp-insights?utm_source=blog&amp;utm_medium=blog%20banner\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" width=\"425\" height=\"425\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/03\/bpinsights.png\" alt=\"\" class=\"wp-image-137046 size-full\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/03\/bpinsights.png 425w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/03\/bpinsights-300x300.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/03\/bpinsights-150x150.png 150w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/03\/bpinsights-200x200.png 200w\" sizes=\"auto, (max-width: 425px) 100vw, 425px\" \/><\/a><\/figure><div class=\"wp-block-media-text__content\">\n<h3 class=\"wp-block-heading\">Upgrade your investing today<\/h3>\n\n\n\n<p>Successful investing requires accurate, easy-to-understand information about your properties and the markets you invest in. <a href=\"https:\/\/www.biggerpockets.com\/bp-insights?utm_source=blog&amp;utm_medium=blog%20banner\" class=\"rank-math-link\" target=\"_blank\">BiggerPockets Pro<\/a> gives you the information you need to find your next great deal and maximize your current investments.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/www.biggerpockets.com\/membership-types?utm_source=blog&amp;utm_medium=blog%20cta\" target=\"_blank\">Become a Pro member<\/a><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">How do interest rates <em>really<\/em> affect your investments?<\/h2>\n\n\n\n<p>As the country continues to deal with the economic pain and uncertainty that has accompanied the COVID-19 pandemic, interest rates and their impact on the recovery seem to be in the news constantly. To help real estate investors understand exactly what interest rates are, and how they impact their businesses, BPInsights&#8217; resident data pro Dave Meyer <a href=\"https:\/\/www.biggerpockets.com\/insights\/articles\/interest-rates\" target=\"_blank\" rel=\"noopener noreferrer\">took a deep dive on all things interest rates<\/a> for this month\u2019s feature.<\/p>\n\n\n\n<p>He breaks down:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The current state of interest rates in the United States<\/li>\n\n\n\n<li>The affect of interest on housing prices and rent rates<\/li>\n\n\n\n<li>How interest rates directly impact your return on investment.<\/li>\n<\/ul>\n\n\n\n<p>Read more: <a class=\"rank-math-link\" href=\"https:\/\/www.biggerpockets.com\/insights\/articles\/interest-rates\" target=\"_blank\" rel=\"noopener noreferrer\">How Do Interest Rates Really Affect Your Investments? A Deep Dive<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Can you turn a profit by repurposing dying malls?<\/h2>\n\n\n\n<p>There are a number of ways malls can be repurposed. And repositioning struggling assets can lead to huge benefits for those willing to think outside the box, so to speak. Think about dead factories converted to cool apartments, or dated filling stations turned into hipster restaurants, or mountain caves used for moonshine storage. Wait&#8230;<\/p>\n\n\n\n<p>So, let\u2019s think outside the box together and see if we can get our creative juices flowing. What are some ways malls have already been repurposed for profitable enterprises?<\/p>\n\n\n\n<p><a href=\"https:\/\/www.biggerpockets.com\/insights\/articles\/investing-in-malls\" target=\"_blank\" rel=\"noopener noreferrer\">Find out here<\/a>.<\/p>\n\n\n\n<p>Ready to upgrade to BiggerPockets Pro and access all this great content\u2014and more? <a href=\"https:\/\/www.biggerpockets.com\/membership-types\" target=\"_blank\" rel=\"noopener noreferrer\">Start your membership for just $39 per month<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This month on BPInsights, we found the 10 U.S. real estate markets where rents increased the most in 2020. We also dove into interest rate and explored the wealth-building opportunities hidden in dying malls.<\/p>\n","protected":false},"author":108611,"featured_media":136974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5528,7119],"tags":[],"class_list":["post-136940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-news","category-biggerpockets-daily"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/136940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/108611"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=136940"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/136940\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/136974"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=136940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=136940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=136940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}