A recent study by Apartment List found that renters in the Washington, D.C., area are more likely to relocate to a new city than the national average.
The Washington Post reports that of the 24,000 renters surveyed, 77 percent of D.C. renters plan to settle down in a different city, compared with 64 percent of renters nationwide. 42 percent of D.C. renters cited the high rental costs in the city as their main reason for leaving.
Despite this, D.C. will not be abandoned; the city remains among the top three destinations for renters from other U.S. cities.
Advertisement
Related Stories
Market Data + Trends
Vacation and Investment Home Market Insights
A recent report finds beach homes to be the most sought-after vacation-home type and that the investment potential of a second home is an important factor in the purchasing decision
Affordability
How Much Income Do First-Time Buyers Need to Afford the Average Home?
The median-priced home is unaffordable in 44 of the 50 largest U.S. metro areas
Affordability
What Is the Relationship Between Urban vs. Suburban Development and Affordability?
A new paper from Harvard's Joint Center looks at whether expanding the supply of suburban housing could, in turn, help make dense urban areas more affordable