Neighborhood winners in 'weak-performing' metrosNeighborhood winners in 'weak-performing' metroshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=146362016-09-27T05:00:00Z2016-09-27T19:20:00Z

​​​​​UNITED STATES - Just as apartment market performances by metro vary quite a bit from the U.S. average, neighborhood-level results don’t necessarily reflect what’s happening in a given metro as a whole, according to MPF Research.

Here are ten submarkets now posting very healthy rent growth (well above the U.S. average), despite metro-level results that aren’t so hot (well below the U.S. average).

The list suggests that if you’re looking for hidden gem neighborhood-level investment opportunities among the country’s 50 largest apartment metros, head to Houston.

Metro-level results there certainly are lousy, reflecting that new supply is pouring into the marketplace at the same time that the energy-influenced economy has stalled.

Among the 35 individual submarkets that we’ve defined as distinct areas in metro Houston, five of them post current annual rent growth of roughly 6 percent to 8 percent. Several more log solid increases in the range of 4 percent to 5 percent.

Chicago, Pittsburgh, Baltimore, Philadelphia and Memphis are other metros where rent growth performances in select neighborhoods well surpass the U.S. norm, despite metro-level results running under the 3 percent mark.

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