The Raleigh-Durham apartment market had a vacancy rate increase and continued rent growth in the third quarter of 2017. Reis reports third quarter vacancy at 5.1%, up 60 basis points for the quarter and up 70 basis points over 12 months. November data show a 4.7% rate, up 30 basis points year-to-date. Reis reports asking and effective rents increased by 0.8% in the third quarter to $1,051 and $974 per month, respectively. These rates were up 3.2% and 3.3% over 12 months. Both categories posted gains well over 1.0% in the second quarter. November data show a 0.2% gain in asking rents and a 0.1% gain in effective rents.