Top Markets in 2023 to Invest in Multi-Family Properties

2023 Top Markets to Invest in Multi-Family Properties

 Early in 2022 we released 25 Metropolitan Markets we found to be back by the numbers as the best locations to invest in Multi-Family properties. 2023 has arrived and so have our findings on the top markets in 2023 to invest in Multi-Family Properties!

2022 Recap

This past year we all witnessed the housing market become extremely competitive. Very few listings accompanied with aggressive purchasing trends, prices soured to unprecedented highs. At the same time, the stock market plunged and the median price of a home skyrocketed. This has pushed investors in all industries to the sidelines. As the year went on, interest rates rose and the rush to purchase multi-family properties for low cap rates has slowed to a crawl.

2023 Insight

Like they say, real estate is a local business and even with all the chaos, the red-hot markets of last year continued to get hotter. The end of 2022 and the increase in interest rates have been the catalyst for the rise in inventory nationwide. The competitive drive within the market has calmed and has opened great opportunities for those with the wherewithal to take advantage of it. The median price of homes in the United States seemingly, will slow but will continue to rise throughout 2023 and will benefit all property owners.

How We Determined the “Top Markets”

The characteristic of a strong, top market includes:

  • Job market growth
  • Population growth
  • Increases in property value and rent
  • Opportunity for development
  • Most conducive for young professionals starting out

Here is our view on the 15 top markets in 2023 to invest in Multi-Family Properties, and a few honorable mentions:

  1. Raleigh, NC
  2. Austin, TX
  3. Charlotte, NC
  4. Phoenix, AZ
  5. Atlanta, GA
  6. Houston, TX
  7. Dallas-Fort Worth, TX
  8. Fort Wayne, IN
  9. Nashville, TN
  10. Tampa, FL
  11. San Antonio, TX
  12. Indianapolis, IN
  13. Miami, FL
  14. Denver, CO
  15. Las Vegas, NV

Honorable Mentions 

  • Chicago, IL
  • Williamsburg, VA
  • Orange County, CA
  • Myrtle Beach, SC

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