In an article written for RealPage.com, author Charlotte Wheeler gives some really solid information about apartment investment trends in small markets. Here’s an except from the article:
“Large markets tend to get more attention, but some small markets are showing higher growth.
During the year-ending 1st quarter 2019, U.S. apartment rents grew 3.3%, in line with the cycle average. Though most markets across the U.S. are showing at least some rent growth, the nation’s most aggressive increases tend to be occurring in the smaller markets. In fact, of the 13 markets showing price hikes of 6% or higher in the past year, only two were among the 50 largest markets nationally: Phoenix (8.1%) and Las Vegas (8.0%).
Small markets are generally defined as those with fewer than 100,000 units.”