The Raleigh-Durham apartment market had a slight vacancy increase and moderate rent growth in the first quarter of 2017. Reis reports first quarter vacancy at 5.0%, up 40 basis points for the quarter but down 20 basis points over 12 months. April data show a rate of 5.0%. Reis reports asking and effective rents increased by 0.3% and 0.2% in the first quarter to $1,025 and $947 per month, respectively. These rates were up 4.9% and 4.6% over 12 months. The 2016 gains of 5.7% asking and 5.2% effective were quite impressive, and the market seems to be keeping that momentum. April data show a 0.3% gain in asking rents.