West Coast mid-size cities took the lead in Q1 rental markets, according to an analysis by RENTCafe.com.
The survey pointed to the hottest six of the nation's 125 rental markets as being in or near the West Coast: Northern California's Central Valley; Spokane, WA; Boise, ID; Sacramento, CA; Southern California's Inland Empire; and Eugene, OR.
"The story behind Central Valley's meteoric rise is becoming an archetype among the nation's mid-sized cities. In a chicken-and-egg scenario, these markets are attracting an increasing number of residents looking for cheaper alternatives to expensive markets and shifting from traditional industries (in this case, agriculture, and energy) to more diversified job markets," the authors noted.
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