Here’s a breakdown of the best-performing markets ranked by year-over-year rent increases through March 2019.
By Razvan Cimpean | MHN
Nationwide, multifamily rents rose by $4 in March to $1,430, with year-over-year growth down 20 basis points to 3.2 percent, according to Yardi Matrix. Rent growth was led by secondary and tertiary markets, as a result of their higher-than-average employment and strong demographic trends. Only three of the largest 30 metros in the U.S.— Las Vegas and Phoenix—made it to our top five.