The Raleigh-Durham apartment market saw increased vacancy and continued rent growth in the fourth quarter of 2017. Reis reports fourth quarter vacancy at 4.6%, up 10 basis points for the quarter and down 10 basis points over 12 months. January 2018 data show a 4.8% rate. Reis reports asking and effective rents increased by 0.6% and 1.4% in the fourth quarter of 2017 to $1,057 and $989 per month, respectively. These rates were up 3.2% and 4.3% over 12 months. Both categories posted gains over 1.0% in the third quarter, a good sign. January 2018 data show 0.4% gains in both asking and effective rents.