Here is SpareFoot’s ranking of America’s Top 15 Apartment Boom Towns, in descending order.

San Jose, CA
Austin, TX
Houston, TX
Grand Rapids, MI
Nashville, TN
Dayton, OH
Portland, OR
San Francisco, CA
Dallas-Fort Worth, TX
Oklahoma City, OK
Seattle, WA
Minneapolis-St. Paul, MN
San Antonio, TX
Des Moines, IA
Detroit, MI

Detroit, MI
Apartments per person: 0.06
Average population growth: Zero percent
Percentage of people spending more than 35 percent of their income on rent: 46.4 percent
Average per-capita personal income growth: 2.6 percent
Average per-capita GDP growth: 3.8 percent
Average growth in per-capita construction permits for new apartments: 44 percent
What’s Up With Detroit?
You might be wondering how Detroit made the list. It beat out the likes of Charlotte, NC; Boston, MA; and even New York City, NY, for a couple of reasons.
First, we focused our growth analysis on 2009 to 2012, so the starting point for measurement of growth in Detroit was when the Motor City essentially hit economic rock bottom.
Second, while GDP and personal income in Detroit have grown, the population hasn’t. We focused on per-capita numbers to adjust for cities of different sizes, meaning that no population growth plus economic growth helped a city’s ranking.
Now, this doesn’t mean Detroit fails to qualify as an apartment boom town. It simply means Detroit’s economic gains are spread among the same number of people, while other cities’ gains are spread among a larger number of people. That aided Detroit’s ranking.
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