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Study Reveals Top 14 Cities for Snowbirds and Retirees in 2014

Study Reveals Top 14 Cities for Snowbirds and Retirees in 2014
Is your apartment community located in a popular snowbird destination? If so, you may see an influx of seniors flocking to your city, from the north, soon for some much needed sunshine and relaxation. For snowbirds and retirees looking for cities with nice weather, rental availability, affordability, a strong economy and large population of their peers, Apartments.com has compiled its second annual list of the Top 14 Cities for Snowbirds and Retirees in 2014. 1.  Scottsdale, AZ Average Rent (2 BR): $1,165 Scottsdale is an almost-perfect city for snowbirds and retirees, with 85% average of days of sunshine annually, a median age of 45.1, and median annual household income of more than $72,000. At $1,165 per month on average for a 2-bedroom apartment, Scottsdale is on the higher-priced end of the cities on our list, yet still affordable. Meanwhile, nearby Glendale is one of the most affordable cities on our list, with 2-bedroom rentals coming in at just $731. 40% of Scottsdale rentals on Apartments.com offer short-term leasing options, while more than 60% of rentals listed in the city of Phoenix provide flexible leases. 2.  Henderson, NV Average Rent (2 BR): $980 When the snow starts to fall and temperature start to dip up north, snowbirds can enjoy the annual average of 85% days of sunshine that Henderson, NV offers. Coming in at #2 on our list, this affluent city (with a high median income of $66,000 and a median age of 40.1) is a great destination for those looking to......
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Survey Reveals Ghoulish Renter Plans for Halloween 2014

Survey Reveals Ghoulish Renter Plans for Halloween 2014
To find out what types of wickedly fun times renters are anticipating for Halloween, Apartments.com conducted a national survey of more than 1,200 renters. Findings reveal half of renters are planning to stay home this year, while the other half are either going out or hosting a spooktacular party. Halloween fun is no longer just for homeowners, as many renters also dress up in costumes and welcome trick-or-treaters. Nearly half of renters surveyed plan to decorate their apartments for Halloween. In some large apartment communities, kids and adults won’t even need to leave their buildings to have a festive and ghoulish holiday experience. This Halloween, 44% of renters believe they’ll get at least 10 trick-or-treaters, an increase from the 31% who said 10 or more trick-or-treaters came to their doors last year. Additional findings, include: Most renters are giving out candy! 41% are planning to hand out candy in person this year, and 13% will leave treats in a bowl outside their door. Meanwhile, 35% of renters aren’t giving out candy because they don’t think they’ll get any trick-or-treaters, while only 11% are meanies (they’re not giving out treats just because they don’t feel like it). Chocolate reigns supreme! Of the renters who are planning to hand out candy, 73% are giving out chocolate. Renters could choose more than one type of candy, and 33% said they will give out non-chocolate candy while 27% will provide healthy snacks. Only 3% of renters are planning to send their trick-or-treaters away with money. Ka-ching! Als......
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How Important Are Rental Incentives to Attracting Prospects?

How Important Are Rental Incentives to Attracting Prospects?
As we know, incentives and special offers from apartment communities have decreased dramatically in recent years. Back in 2009 when the vacancy rate was at a 23-year high, some properties were attracting prospects as well as encouraging current residents to renew their leases with flat-screen TVs, cash, rent cuts and other concessions. A sharp contrast to today as concessions and incentives are nonexistent in some of the hottest rental markets due to high demand for rentals. After surveying more than 2,500 renters across the country to get a better understand of why they choose to rent, what motivates them to move immediately and what matters most when deciding where to live, Apartments.com found that the renters surveyed are realistic about rental incentive during a time when competition for apartments is still so great. When asked about the importance of rental incentives in 2014, renters said incentives help motivate, but they’re not a deal breaker for most. Here’s more on what renters said when asked about the importance of rental incentives when deciding on an apartment. Nice to have but not a deal breaker: 33% They’re one of a few key factors in deciding to move or stay put: 28% I haven’t even seen any rental incentives during my apartment search: 20% They’re critically important (make or break): 14% I don’t care about rental incentives at all: 5% Although rental incentives are few and far between, renters said a discount on rent and more space would motivate them to move immediately to a new apart......
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Check Out the 14 Most Expensive Neighborhoods to Rent in 2014

Check Out the 14 Most Expensive Neighborhoods to Rent in 2014
As the number of renters packing up increases, during one of the busiest moving months of the year, Apartments.com has compiled a list of the 14 Most Expensive Neighborhoods for Renters in 2014. By adding up a variety of financial factors contributing to the overall cost of living—including average cost of rent, household income, percentage of paycheck spent on rent each month and inflation—renters can now see what it takes to live like the glitterati.   1. New York City: Penn Plaza/Garment District  Average Cost of Monthly Rent (1 BR): $4,440 Also known as the Fashion District, this neighborhood of less than one square mile is home to the majority of New York’s showrooms, numerous fashion labels, businesses and talent.  2. New York City: DUMBO Average Cost of Monthly Rent (1 BR): $4,023 An acronym for Down Under the Manhattan Bridge Overpass (DUMBO), this Brooklyn neighborhood is walkable, has waterfront access, and is abuzz with a thriving art scene, designer boutiques and Indy bookstores. DUMBO is also a hub for tech companies. 3. San Francisco: Yerba Buena  Average Cost of Monthly Rent (1 BR): $3,643 One of San Francisco’s most dynamic areas packed with cultural institutions, shopping, urban green spaces and fine dining, this neighborhood attracts an eclectic crowd made up of urbanistas, fashionistas, entrepreneurs, foodies, retirees, night clubbers, hard workers and technologists. 4. Boston: Government Center  Average Cost of Monthly Rent (1 BR): $3,782 Located in downtown Boston, the most dominant feature of this neighborhood is Boston City Hall, which was bui......
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Are Your Pet Policies Giving Renters “Paws” When Deciding Where to Live?

Are Your Pet Policies Giving Renters “Paws” When Deciding Where to Live?

Pets bring unconditional love and affection into the lives of millions of Americans, and whether an apartment community permits pets can clearly become a deal breaker for many renters. There has been a nearly 30% spike in pet ownership among renters over the past two years, according to a recent survey by Apartments.com. Despite this surge in pet-owning renters, many indicted they still faced difficulty finding an apartment that allowed their four-legged friend.

The good news for these renters is increased demand is driving new apartment construction to accommodate the needs of pet owners, especially in urban centers. Some of the innovative spaces and luxury amenities being offered include pet spas, rooftop walks, pet decks, washing stations and outdoor dog runs.

With nine out of 10 renters saying pet policies play a deciding role in where they choose to live, how will your pet policies and amenities keep pace with the needs of this important and growing segment of renters?

For more survey results, check out the infograph below.

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Top 10 Best Cities for Recent College Graduates

Top 10 Best Cities for Recent College Graduates
Colleges and universities across the U.S. are sending another crop of newly-minted grads off into the real world. While this new world is filled with exciting challenges such as finding a job and an apartment, the first step is deciding where to live. To help make these big decisions a little easier, Apartments.com weighed the most important factors facing new grads including employment opportunities, salary, affordability, age and the city’s singles scene, to compile the 7th annual Top 10 Best Cities for Recent College Graduates list. The Apartments.com list sets itself apart from other best-of lists by taking a comprehensive view of what qualifies a city to be considered. Our list takes into account affordability versus just median income, which gives advantage to cities where the average rent for a one bedroom apartment falls within the recommended 25% of gross median income. Additionally, unemployment was a major factor in determining this list. Cities with unemployment above 7% were eliminated. Apartments.com 2014 Top 10 Best Cities for Recent College Graduates 10. Dallas, Texas Average Rent 1 BR Apartment: $1,178 Dallas is one of the top employment centers in the country primarily based on banking, commerce, telecommunications, energy, health care and transportation. With big opportunities for employment, apartment availability and vibrant culture, Dallas is a great place for new grads, landing the #10 spot on the list. 9. Las Vegas, Nevada Average Rent 1 BR Apartment: $897 Internationally renowned as a major resort city famous for gambling, shopping, fine dining and night life, S......
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Location, Location, Location: What $1,000 a Month Will Rent

Location, Location, Location: What $1,000 a Month Will Rent

As a property owner or a leasing professional, you understand location plays a big role in how much rent costs. To find out the vast variety of apartments that can be had for around $1,000 a month, we analyzed our Apartments.com data across different cities in the U.S., focusing on neighborhoods, floor plans and rising rental costs to identify where—and how—renters can get the most bang for their buck.

Despite the fact that we’re experiencing one of the lowest apartment vacancy rates in more than a decade, our research found renters can find apartments for around a grand—even in some of the largest and most expensive cities—if they are flexible and look at a variety of factors. By opening their search to nearby neighborhoods or suburbs, considering taking on a roommate to cut the bills in half or committing to a longer-term lease, many more affordable options open up.

More details on our findings are included in our press release and showcased the infograph below.

 

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2014 Moving Trends: Would Miley Cyrus Be a Wrecking Ball to Moving Plans

2014 Moving Trends: Would Miley Cyrus Be a Wrecking Ball to Moving Plans

As a result of our annual moving survey where we ask renters about their moving plans for the year, we learned both economic and lifestyle factors play a large role in deciding whether or not to move or stay put. The survey also considered light-hearted circumstances that would sway one’s decision to move like having a celebrity neighbor. As it turns out, the most popular choice for a famous neighbor is Dakota Fanning and only 12% of respondents think having Miley Cyrus next door would “wreck” the neighborhood.

Check out more findings in the infograph below and the press release.

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Phoenix Tops List of Best City for New Grads

Phoenix Tops List of Best City for New Grads
College graduates from across the country have more in common than that shiny new diploma and the class of ’13 distinction. No matter where they received their degree, they all face the same life-changing decision: where to work and where to live.  While the national unemployment rate is moving down, competition for jobs is still stiff, with the Bureau of Labor Statistics citing 11.7 million unemployed persons (April 2013) and a mere 3.8 million available jobs (March 2013). Add on the increasing cost of apartment rents, and it’s clear how important it is to live in a city that offers the best overall opportunity.  This not only includes opportunities for employment, professional growth and an affordable home, but also a location that makes you happy, catering to the needs of your day-to-day lifestyle.  To help make this process a little easier for young professionals, we have release the 6th annual Apartments.com Top 10 Best Cities for Recent College Graduates list. While larger cities—often featured in other best-of lists—obviously offer more job opportunities, it’s important to consider all the aspects of a city, even in smaller markets.  Over the past six years, Apartments.com has been culling it’s lists to keep them relevant and meaningful.  We adjust our methodology as needed to reflect current economic changes, taking in the bigger picture in unemployment, affordability and other key factors. #1 Priority: Affordability This year’s took a deep look at affordability and not just median income.  This bodes well for cities where the average rent for a one bed......
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More Renters Seeking Pet-Friendly Apartments

b2ap3_thumbnail_SimoneRogi_n.jpgDo you have a pet-friendly policy at your apartment community?  If not, you could be missing out on a growing breed of renters.  In fact, there has been 32% increase in the number of renters who own pets today compared to last year, according to an Apartments.com national survey.  These finding may be a sign of an improving U.S. economy as the struggling economy has played a strong role in the first decline in pet ownership since 1991, according to the American Veterinary Medical Association. While renting with pets may be on the rise, survey respondents said finding an apartment that allows pets was somewhat grueling, or often came with some hefty fees and deposits.  More than 60% of renters surveyed said they faced some challenges in finding accommodations for them and their pet, and 63% said they were required to pay a pet deposit. As you can imagine, pet policies play a major role in a renters decision of where to live and can be a deal-breaker for many.  Personally, I know that I could never live somewhere that wouldn't allow me to bring my two beloved cats Simone and Pierogi. Not only do I consider them an extension of my family, but there are also very helpful around the apartment. If I didn’t have them… Who would help me with important organizational projects around the house, like folding laundry? I digress, I digress…  The good news for all us pet-loving renters is nearly 80% of respondents said they live in a pet-f......
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