12 Markets Dominating in Multifamily Property Acquisitions

Updated: Sep 8, 2021

Real estate investing is known as a numbers game. It’s no secret that monitoring trends and continually evaluating data is equally, if not more, important than predicting them. For example, many predicted that the pandemic would cause higher vacancy rates, and therefore lower stability in multifamily investments. Yet, multifamily investing is performing strongly. US Capital Trends recently reported that apartment deal activity is surpassing both the industrial and office sectors combined. Furthermore, multiple markets are also generating double-digit rent growths, boosting investors’ confidence that multifamily housing demands will only continue to increase.


As the multifamily market has heated up considerably, certain markets are strongly dominating in property acquisitions. It’s important to keep an eye on the trending markets, as it may be an indicator as to where the market is heading. Here are the top 12 multifamily markets with the highest number of property acquisitions through May of 2021.

The Top 12 Multifamily Markets with the Highest Number of Property Acquisitions from January 2021 through May of 2021:

12. NYC Boroughs


Number of Properties Acquired: 52

Percentage of Renters in the City: 18%

2020 Population Growth Rate: -.064%

Average Rent: $1,605


11. Minneapolis


Number of Properties Acquired: 53

Percentage of Renters in the City: 55%

2020 Population Growth Rate: 1.08%

Average Rent: $1,565



10. Boston


Number of Properties Acquired: 54

Percentage of Renters in the City: 51%

2020 Population Growth Rate: 0.21%

Average Rent: $3,143


9. Miami


Number of Properties Acquired: 56

Percentage of Renters in the City: 45%

2020 Population Growth Rate: 1.09%

Average Rent: $1,774


8. San Diego


Number of Properties Acquired: 61

Percentage of Renters in the City: 39%

2020 Population Growth Rate: 0.14%

Average Rent: $2,267


7. Denver


Number of Properties Acquired: 66

Percentage of Renters in the City: 51%

2020 Population Growth Rate: 1.48%

Average Rent: $1,680



6. Houston


Number of Properties Acquired: 70

Percentage of Renters in the City: 39%

2020 Population Growth Rate: .07%

Average Rent: $1,132