CalculateRealEstateROI

Investor Ranking

Best Markets for Multifamily

Metros where rent absorption, employment depth, and operator-friendly law support 5–50 unit value-add multifamily.

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

Methodology

Composite of job growth (30%), population growth (25%), cap-rate spread (25%), and landlord friendliness (20%).

Jobs 30% · Population 25% · Cap-rate spread 25% · Landlord law 20%

#MarketScoreHighlight
1Dallas, TX78Cap rate 6.4% · Jobs +3.2%
2Orlando, FL76Cap rate 5.6% · Jobs +2.9%
3Raleigh, NC76Cap rate 5.5% · Jobs +3.0%
4Nashville, TN75Cap rate 5.2% · Jobs +3.1%
5Austin, TX73Cap rate 4.9% · Jobs +3.0%
6Charlotte, NC73Cap rate 5.8% · Jobs +2.8%
7Houston, TX72Cap rate 6.6% · Jobs +2.6%
8Boise, ID71Cap rate 4.9% · Jobs +2.5%
9Tampa, FL69Cap rate 5.4% · Jobs +2.6%
10Jacksonville, FL69Cap rate 6.5% · Jobs +2.3%
11Phoenix, AZ68Cap rate 5.6% · Jobs +2.5%
12Las Vegas, NV68Cap rate 5.5% · Jobs +2.4%
13San Antonio, TX68Cap rate 6.8% · Jobs +2.2%
14Atlanta, GA66Cap rate 6.0% · Jobs +2.4%
15Miami, FL65Cap rate 5.2% · Jobs +2.8%
16Salt Lake City, UT65Cap rate 5.0% · Jobs +2.6%
17Columbus, OH64Cap rate 6.8% · Jobs +2.1%
18Oklahoma City, OK62Cap rate 7.6% · Jobs +1.7%
19Scottsdale, AZ61Cap rate 4.5% · Jobs +2.4%
20Kansas City, MO57Cap rate 7.0% · Jobs +1.6%
21Denver, CO55Cap rate 4.8% · Jobs +2.0%
22Indianapolis, IN55Cap rate 7.4% · Jobs +1.4%
23Cincinnati, OH54Cap rate 7.6% · Jobs +1.5%
24Birmingham, AL52Cap rate 7.8% · Jobs +1.3%
25Memphis, TN47Cap rate 8.5% · Jobs +1.0%
26Saint Louis, MO46Cap rate 8.0% · Jobs +0.9%
27Pittsburgh, PA46Cap rate 7.5% · Jobs +1.1%
28Sacramento, CA46Cap rate 4.7% · Jobs +1.5%
29Milwaukee, WI45Cap rate 7.5% · Jobs +1.0%
30Cleveland, OH44Cap rate 9.0% · Jobs +0.7%

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