July 2024, Multifamily Real Estate Market

As of July 2024, the multifamily real estate market continues to have a largely positive outlook for the rest of the year, even with high interest rates. According to Globest, the multifamily investment market has improved due to decreased property prices and increased net operating income (NOI). This has offset the effects of higher mortgage rates and boosted Freddie Mac's Multifamily Apartment Investment Market Index (AIMI). 

Some of the best multifamily markets for investing in 2024 include: 

• New York City 

• Columbus, Ohio 

• Indianapolis, Indiana 

• Boston, Massachusetts 

• Southwest Florida Coast 

• Baltimore, Maryland 

• San Diego, California

• Dallas, Texas

• Austin, Texas 

• Greenville, South Carolina

• Wilmington, North Carolina

• Grand Rapids, Michigan