Multifamily’s Lowest-Risk Markets, and Its Highest

Minnesota’s largest city is currently experiencing its strongest rent growth since 2011. (Photo: Meet Minneapolis)

RICHARDSON, TX—For the nation’s least risky apartment market in terms of a rent recession, look outside the Smile States. So says RealPage’s MPF Research, which recently scored both the metro areas least likely and those most likely to experience a period of two or more consecutive annual rent decreases, based on a composite of variables ranging from rent gains to household income growth.

When it comes to avoiding a rent recession, the most solid multifamily market in terms of its recent metrics is Minneapolis, says MPF. The risk of rent recession in Minnesota’s largest city has been on a downward trend since at least the fourth quarter of 2014, although it spiked in Q4 2015.