The U.S. housing market reflects a patchwork of local needs, preferences, and geographies, creating distinct storylines. Across the country, many significant shifts have occurred over the last five years, an analysis of U.S. Census Bureau data shows. More expensive housing markets tend to support higher percentages of rental households, and in fast-growing metros, rentals have become a highly effective and flexible way to house new residents.

Small Multifamily Market Has Impressive Performance Over This Cycle
During this expansion, the small multifamily sector has experienced improved access to capital, favorable demand and a dramatic improvement in operating efficiency, solidifying the sector’s standing as an attractive asset class.
The “2019 Metro-Level Small Multifamily Investment Trends Report” breaks down the top U.S. metros into three tiers to provide a closer look at the small multifamily sector’s performance over this cycle.
The report offers proprietary data on:
- Originations
- Cap Rates
- Debt Yields
- Expense Ratios