Study says Jersey City had 8th highest net tenant migration in the nation last year

Map showing the top 20 destinations for tenants moving. Image courtesy of StorageCafe.

Jersey City has apparently seen a population boom among tenants who are younger, as a recent report claims the city saw three tenants move in for every one that moved.

StorageCafe recently released a study this considered where tenants are moving nationwide amid a housing crisis. The company, an online platform that provides storage unit listings, reviewed more than 3.4 million rental applications through RentGrow in the county’s 257 largest markets with more than 100,000 residents.

The study then calculated the relative migration of tenants from each destination city by taking inward movements and subtracting outward movements as a proportion of its population based on US Census data. The methodology made Jersey City the eighth-highest net gain in renter population in 2021, making it the highest-ranked city in the Northeast.

Jersey City has welcomed out-of-state tenants from cities like Philadelphia and Chicago according to the report, but it’s no surprise New York residents are still the top import. A whopping 72% of new Jersey City tenants came from the Big Apple, with 69% of those total incoming movers being classified as millennials.

19% of new Jersey City residents can be considered Gen Z, according to the study. He concluded that larger spaces played a significant role in moves, as newcomers from New York gained 9% more space in their Jersey City apartments while Chicagoans achieved 8%. more apartment space.

The top cities for net renter migration were both found in Texas, with Irving and Lewisville in the Dallas-Fort Worth Metroplex taking the top two sports in attracting renters last year as a percentage of population. The study concluded that interest in rental accommodation has increased over the past year, with a 10% increase in the total number of tenant inquiries compared to 2020.

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