Where is the hardest to find apartment rentals in California? – Wed News

The “Survey Says” looks at various rankings and scorecards looking at geographic locations, while viewing these grades as a mix of artistic interpretation and data.

Discussion: Forget what the landlord is charging, the first headache is finding a vacancy. And five California markets were ranked among the 20 hardest places to find an apartment in the country.

Source: a review of my trusty spreadsheet RentCafe’s report on the country’s most competitive apartment markets, based on data for large rental complexes for the first half of 2022. Tracked rental search challenges for the large apartment markets that are available (vacancy rates); how long the units remained empty; Tenant interest (probabilities per unit); living tenants (renewal rate); and new construction as part of the available supply.

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Here are the Golden State Bazaars that made this apartment seeker’s nightmare list…

No. 11 Orange County: The 2.5% vacancy rate is quite a hassle for an apartment seeker, but a typical vacant unit stays without rent for only 31 days and attracts 20 prospects. This is why 60% of tenants choose to renew leases. And new construction just adds 0.2% to what’s on the market.

No. 14 Central Valley: 2.4% vacancies with units empty in 32 days; 16 possibilities per unit; 49% of tenants renew; No new supplies.

No. 16 San Diego: 2.8% vacancies with units vacant for 31 days; 24 possibilities per unit; 52% of tenants renew; 0.7% new supply.

No. 19 Inland Empire: 37 vacancies with 3% vacant units in days; 21 possibilities per unit; 53% of tenants renew; 0.1% new supply.

No. 20 East Los Angeles County: 2.5% vacancies with units vacated in 35 days; 27 possibilities per unit; 41% of tenants renew; 0.7% new supply.

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Here’s a rental challenge tracked in six other California markets, in order of their rental difficulties…

Sacramento: 3.5% of vacancies are vacant in 38 days; 16 possibilities per unit; 54% of tenants renew; No new supplies.

North LA / Ventura County: 3.2% of vacancies are vacant in 39 days; 16 possibilities per unit; 47% of tenants renew; 0.3% new supply.

silicon Valley: 4.4% of vacancies in which 35 days are vacant; 15 possibilities per unit; 48% of tenants renewing; 0.3% new supply.

East Bay: 4.4% of vacancies are vacant in 39 days; 14 possibilities per unit; 42% of tenants renewing; 0.5% new supply.

Western Los Angeles County: 4.4% of vacancies are vacant in 38 days; 16 possibilities per unit; Renewal of 35% tenants; 1.3% new supply.

San Francisco Peninsula/North Bay: 6.9% vacancies, units vacated in 41 days; 8 possibilities per unit; 44% of tenants renew; 0.5% new supply.

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How Hard Is It for Golden State Renters? Consider how these 11 California markets compare to the challenges of apartment hunting across the country.

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