The Raleigh-Durham apartment market had a mixed fourth quarter of 2016, with a slight vacancy increase countered by solid rent growth. Reis reports fourth quarter vacancy at 4.7%, up 10 basis points for the quarter but down 120 basis points over 12 months. January 2017 data show a rate of 4.6%. Reis reports asking and effective rents increased by 0.5% and 0.6% in the fourth quarter to $1,022 and $928 per month, respectively. These rates were up 5.6% and 5.1% over 12 months.