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Updated almost 7 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Hartsdale, NY
0
Votes |
6
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Top Cities East coast - Rental MFR

Account Closed
  • Rental Property Investor
  • Hartsdale, NY
Posted
I came across this article with lists of fastest growing and declining cities in the US https://www.usatoday.com/story/money/economy/2018/05/26/fastest-growing-and-shrinking-us-cities/34813515/ Since I’m interested in East coast only here are my best bets for MFR rentals. Durham NC Raleigh NC Conway SC For Myers FL Raleigh NC What do you think about this list? How would you rank these cities from best to worst? Anything you would add?

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Chris Martin
  • Investor
  • Willow Spring, NC
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Chris Martin
  • Investor
  • Willow Spring, NC
Replied

The methodology used in the article is based on MSA, not on the city. So in summary, this article is factually very misleading at best. No, Raleigh does not have a 1.3M population. Maybe 450,000 +/-. The article erroneously lists the Raleigh MSA (formerly the Raleigh-Cary MSA) population next to the city. you can find the fact-based numbers from . Conway SC is part of the Myrtle Beach-Conway-North Myrtle Beach, SC-NC MSA, which . As an exercise, you can explore how much of the +22.6% increase (#2 in the fastest growing list at ) was added by changing the MSA in 2015 to include a NC county.  

When looking at NC population growth in cities, annexation plays an important part. For example, Apex NC has 40%+ of its population growth due to annexation. 

What city is best depends on many factors (other than just MFR) and without knowing what you are doing (new apartment development?), no one can answer your question.

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