Flint, MI Apartment Occupancy Hits Decade High

  in   Insights

Apartment occupancy in Flint, MI surged to its tightest rate in at least a decade, despite the uncertainty brought on by the COVID-19 pandemic. In November, occupancy in Flint hit 98%, the tightest rate this market has seen in at least ten years. In comparison, in the past five years, occupancy has averaged at a more reserved 94.8%. In the last 12 months, occupancy in Flint has strengthened 170 basis points (bps), one of the strongest annual growth rates in the nation. Spurring solid occupancy growth in 2020, apartment demand has been strong in this affordable market, while new supply additions have been limited.