Multi Family Real Estate Market Trends Report For 2019

Multi Family Real Estate Market Trends Report For 2019
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This is a breakdown of important market indicators that you will find useful when determining which markets to invest in.

We will breakdown population growth and declines, vacancy rates, crime rates, and building permits data to expose the best growth markets.

We hope this will help you in choosing the best markets to buy and sell multi-family real estate.

Population

Source: Census.Gov

According to.gov the U.S. Population has grown by 6% overall with Nevada and Idaho being two of the fastest growing states with a 2.1% increase in population. Other states and districts that saw major growth were Washington D.C. with a 1% growth, Utah and Arizona with a 1.7% growth. Florida and Washington State with 1.5 percent growth. Texas had the largest numeric growth and Florida saw he highest level of domestic migration.

Conversely, there were nine states that saw a decline in population and they are New York down 48,510, Illinois down 45,116, West Virginia down 11,216, Louisiana, down 10,840 Hawaii down 3,712 Mississippi down 3,133, Alaska 2,348, Connecticut down 1,215, Wyoming down 1,197.

The Top Ten Most Populous States

  1. California
  2. Texas
  3. Florida
  4. New York
  5. Pennsylvania
  6. Illinois
  7. Ohio
  8. Georgia
  9. North Carolina
  10. Michigan

Top 10 States In Numeric Growth

  1. Texas
  2. Florida
  3. California
  4. Arizona
  5. North Carolina
  6. Washington
  7. Georgia
  8. Colorado
  9. South Carolina
  10. Nevada

Top 10 States in Percentage Growth

  1. Nevada
  2. Idaho
  3. Utah
  4. Arizona
  5. Florida
  6. Washington
  7. Colorado
  8. Texas
  9. South Carolina
  10. North Carolina

Source Census.gov

Crime Rates

The total median crime rates for the U.S. in 2016 was 370.3 per 100,000 people with larceny-theft being the most common crime committed. It accounts for 63% of all crimes committed.

10 Top States With High Crime Rates

  1. Missouri
  2. Michigan
  3. Tennessee
  4. Wisconsin
  5. Maryland
  6. California for (Stockton and Oakland)
  7. Ohio
  8. Indiana
  9. Washington D.C.
  10. Georgia

10 Top Cities With High Crime Rates

  1. St. Louis Missouri
  2. Detroit Michigan
  3. Memphis Tennessee
  4. Milwaukee Wisconsin
  5. Baltimore Maryland
  6. Oakland California
  7. Kansas City Missouri
  8. Stockton California
  9. Cleveland Ohio
  10. Indianapolis, Indiana

Top 10 States With The Lowest Crime Rate

  1. California (for Irvine, Chula Vista, San Jose and Anaheim)
  2. Virginia
  3. Texas
  4. Arizona
  5. Hawaii
  6. Kentucy
  7. Nebraska
  8. Indiana (Fort Wayne)
  9. North Carolina
  10. Colorado

Top 10 Cities With The Lowest Crime Rate

  1. Irvine California
  2. Virginia Beach Virginia
  3. Plano Texas
  4. Henderson Nevada
  5. Chandler Arizona
  6. Honolulu Hawaii
  7. Chula Vista California
  8. San Jose California
  9. Lexington Kentucky
  10. Anaheim California

Source Wikipedia

Building Permits

The number of building permits issued in 2018 roughly over 1.12 million with the south be the biggest driver of new single home and multi-family properties. The northeast region has shown the lease number building permits in the U.S. with only a little over 100,000 for single family homes and multi family properties.  Other regions that are showing slower new builds growth are the Pacific with 59,000 building permits issued and the Midwest with 161,000 building permits issued.

Top States With The Most Building Permits Issued In 2018

  1. Texas
  2. Florida
  3. Colorado
  4. New Jersey
  5. New York
  6. Georgia
  7. Virginia
  8. Illinois
  9. North Carolina
  10. Minnesota

Source: Census.gov

Vacancy Rates

The vacancy rate across the U.S. has maintained a range between 5.1% to 7.1% in 2018. The regions that saw the lowest vacancy rates where the West at 5.1% and the Northeast at 6%.

The regions the showed the highest vacancy rates in 2018 were the south at 8.7% and the Midwest at 7.6%

Top 10 States That Has Shown The Highest Vacancy Rates

  1. Wyoming
  2. Alabama
  3. Arkansas
  4. Kansas
  5. Louisiana
  6. Missouri
  7. Mississippi
  8. New Mexico
  9. South Carolina
  10. Tennessee

Top 10 States That Has Shown The Lowest Vacancy Rates

  1. Maine
  2. Vermont
  3. New Hampshire
  4. California
  5. Colorado
  6. Minnesota
  7. Rhode Island
  8. Utah
  9. Washington State
  10. Wisconsin

Source Census.gov

Ultisky Real Estate Holdings LLC is a real estate holdings company based out of Alpharetta Ga. We buy sell and wholesale real estate and provide debt match services for real estate investors.

We work with real estate investors to acquire multi family properties as well as single family homes and other commercial income producing properties.

If you would like to talk about how we can work together feel free to email Kyle Ransom at kyle@ureaholdings.com or call 470-362-7887

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