Several tailwinds have propelled seven US apartment markets to record demand performances year-over-year during the third quarter. Those markets were Phoenix, Charlotte, Raleigh/Durham, Nashville, Jacksonville, Las Vegas and Salt Lake City, according to RealPage Market Analytics data.

Demand in Phoenix reached 21,563 units during the quarter, while Charlotte logged demand of 13,066 units and Raleigh/Durham saw demand for 12,715 units. Nashville logged for 11,408 units, followed by Jacksonville with 8,105, Las Vegas with 7,681 and Salt Lake City with 7,271.

The top seven markets all have favorable demographics to support housing demand, with populations growing at rates at least double and in some cases triple the national norm since 2017, according to US Census Bureau figures. Raleigh, Nashville and Jacksonville have all grown by more than 10% between 2017 and 2022. That compares with nationwide population growth over the same period of 3.1%, said RealPage.