Rent Growth

Midwest Could Maintain Multifamily Rent Growth Leadership Into 2025

June 20, 2024

Louisville, Kentucky, has led the Midwest as the surprising market leader in multifamily rent growth over other parts of the country. Louisville apartments posted an average annual rate increase of 5.1% with a vacancy rate of 7.0%. The Midwest has emerged as a surprising leader in apartment rent growth, a trend that began at the…

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Freddie Mac Forecasts 2.5% Average Multifamily Rent Growth in 2024

December 20, 2023

Rent Growth Will Moderate vs. Historical Averages Freddie Mac, one of the nation’s biggest buyers of multifamily mortgage loans, predicts that multifamily rent growth across the United States will increase by 2.5% in 2024, with declining rents in certain markets that are experiencing pressure from new supply. Freddie Mac’s forecast of 2.5% rent growth nationwide…

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Cincinnati Leads Nationwide Multifamily Rent Growth

November 30, 2023

Cincinnati has emerged as one of the leading nationwide markets for rent growth — not just in the Midwest, but in the entire country. Louisville, Kentucky, was also a strong performer. Rents in Louisville and Cincinnati grew be about 3.1% and 3.4%, respectively, as of the third quarter and these two markets ranked among the…

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