Market Data

Multifamily Markets

Cap rates, rent trends, and underwriting benchmarks for 30 major US apartment markets. Click any market for the full breakdown.

Cap Rate: 5.8% Price/Unit: $165,000 Vacancy: 6.5%

Cap Rate: 5.2% Price/Unit: $215,000 Vacancy: 8.2%

Cap Rate: 4.7% Price/Unit: $340,000 Vacancy: 4.5%

Cap Rate: 5.5% Price/Unit: $185,000 Vacancy: 6.8%

Cap Rate: 6.5% Price/Unit: $145,000 Vacancy: 5.8%

Cap Rate: 5.5% Price/Unit: $175,000 Vacancy: 7.2%

Cap Rate: 5.3% Price/Unit: $230,000 Vacancy: 7.5%

Cap Rate: 6.0% Price/Unit: $140,000 Vacancy: 7.8%

Indianapolis, IN

Cap Rate: 6.8% Price/Unit: $105,000 Vacancy: 6.0%

Jacksonville, FL

Cap Rate: 5.8% Price/Unit: $155,000 Vacancy: 6.5%

Kansas City, MO

Cap Rate: 6.5% Price/Unit: $115,000 Vacancy: 5.8%

Cap Rate: 5.5% Price/Unit: $195,000 Vacancy: 6.2%

Los Angeles, CA

Cap Rate: 4.5% Price/Unit: $380,000 Vacancy: 4.2%

Cap Rate: 7.2% Price/Unit: $85,000 Vacancy: 7.2%

Cap Rate: 4.8% Price/Unit: $310,000 Vacancy: 4.8%

Minneapolis, MN

Cap Rate: 5.8% Price/Unit: $175,000 Vacancy: 5.5%

Cap Rate: 5.2% Price/Unit: $220,000 Vacancy: 7.0%

Cap Rate: 4.5% Price/Unit: $420,000 Vacancy: 3.8%

Cap Rate: 5.5% Price/Unit: $195,000 Vacancy: 6.8%

Philadelphia, PA

Cap Rate: 5.8% Price/Unit: $185,000 Vacancy: 5.5%

Cap Rate: 5.5% Price/Unit: $180,000 Vacancy: 6.0%

Cap Rate: 5.5% Price/Unit: $210,000 Vacancy: 6.2%

Cap Rate: 5.2% Price/Unit: $200,000 Vacancy: 6.5%

Cap Rate: 5.3% Price/Unit: $220,000 Vacancy: 5.0%

San Antonio, TX

Cap Rate: 6.2% Price/Unit: $130,000 Vacancy: 7.0%

Cap Rate: 4.5% Price/Unit: $350,000 Vacancy: 4.0%

San Francisco, CA

Cap Rate: 4.2% Price/Unit: $450,000 Vacancy: 5.8%

Cap Rate: 4.8% Price/Unit: $310,000 Vacancy: 5.8%

Cap Rate: 5.5% Price/Unit: $200,000 Vacancy: 6.0%

Washington, D.C., DC

Cap Rate: 4.8% Price/Unit: $300,000 Vacancy: 6.2%