CalculateRealEstateROI

Multifamily

Tertiary Market

Smaller metros (typically 250k-1M population) outside primary and secondary tiers.

Reviewed by Keiron Brown, Founder & Editor, CalculateRealEstateROI · Educational estimates only — not investment, financial, tax, or legal advice

Plain-English explanation

Higher yields, lower liquidity, more economic concentration.

Examples

  • Chattanooga, Knoxville, Greenville, Memphis.

Common mistakes

  • Treating tertiary cap rates as risk-free yield.