Top 5: Recent Market Occupancy and Rent Growth

While multifamily performance in 2020 has not been what the industry had grown accustomed to in the latter half of the last decade, it is not as though occupancy and rent gains have entirely disappeared across the country. With that in mind, let’s look at some markets that have led the way in either average occupancy growth or average effective rent growth since the start of the second quarter – with one caveat. Because many markets have managed to defend occupancies at the expense of rent growth, or the reverse, markets included below met the additional criteria of realizing gains in both metrics.

Top 5 Markets – Average Occupancy Growth

  1. Sioux Falls, SD (+4.5%)
  2. Albany, GA (+3.8%)
  3. Monroe, LA (+3.5%)
  4. SE Washington, WA (+3.2%)
  5. Montgomery, AL (+3.1%)

Top 5 Markets – Average Effective Rent Growth (unit)

  1. Fayetteville, NC (+2.8%)
  2. Boise, ID (+2.3%)
  3. Albany, GA (+2.2%)
  4. Springfield, IL (+2.2%)
  5. Memphis, TN (+2.1%)

For more information at the market level, ALN provides complimentary monthly and quarterly Market Review reports.

Want to Receive Our Free Monthly Newsletter?

If you don't already receive the ALN Apartment Data monthly newsletter, click the button and tell us how to send it to you.


Disclaimer: All content and information within this article is for informational purposes only. ALN Apartment Data makes no representation as to the accuracy or completeness of any information in this or any other article posted on this site or found by following any link on this site. The owner will not be held liable for any losses, injuries, or damages from the display or use of this information. All content and information in this article may be shared provided a link to the article or website is included in the shared content.