Market rankings

50 markets ranked on macroeconomic fundamentals, weighted for multifamily. Every score breaks out to its components.

Asset classIndustrial Office Retail Multifamily Land Residential

Market tierAll50Primary50Secondary0Tertiary0

Only 49 of 196 markets have multifamily-specific readings. The rest are scored on macro data alone and show it in the Data column.

Rank	Market	Macro	Class	Your read	Score	Direction
1	Austin, TXprimary	+0.23	+0.80	—	+0.53	Expanding
2	Fresno, CAprimary	+0.06	+0.91	—	+0.51	Expanding
3	Las Vegas, NVprimary	+0.02	+0.91	—	+0.49	Expanding
4	San Diego, CAprimary	+0.01	+0.91	—	+0.49	Expanding
5	Dallas, TXprimary	+0.23	+0.70	—	+0.48	Expanding
6	Orlando, FLprimary	+0.24	+0.66	—	+0.46	Expanding
7	Miami, FLprimary	+0.15	+0.66	—	+0.42	Expanding
8	Salt Lake City, UTprimary	+0.41	+0.37	—	+0.39	Expanding
9	Atlanta, GAprimary	+0.12	+0.55	—	+0.35	Expanding
10	Raleigh, NCprimary	+0.30	+0.38	—	+0.35	Expanding
11	Houston, TXprimary	+0.08	+0.53	—	+0.32	Expanding
12	Charlotte, NCprimary	+0.10	+0.52	—	+0.32	Expanding
13	New York, NYprimary	−0.02	+0.60	—	+0.31	Expanding
14	Tampa, FLprimary	+0.10	+0.46	—	+0.30	Expanding
15	Boston, MAprimary	+0.01	+0.54	—	+0.29	Expanding
16	Providence, RIprimary	+0.06	+0.48	—	+0.28	Expanding
17	Nashville, TNprimary	+0.12	+0.41	—	+0.28	Expanding
18	Los Angeles, CAprimary	−0.23	+0.70	—	+0.27	Expanding
19	Seattle, WAprimary	+0.09	+0.42	—	+0.27	Expanding
20	San Antonio, TXprimary	−0.01	+0.50	—	+0.26	Expanding
21	San Francisco, CAprimary	−0.09	+0.57	—	+0.26	Expanding
22	Milwaukee, WIprimary	−0.05	+0.48	—	+0.23	Flat
23	Columbus, OHprimary	−0.10	+0.48	—	+0.21	Flat
24	Jacksonville, FLprimary	−0.12	+0.50	—	+0.21	Flat
25	Phoenix, AZprimary	−0.16	+0.53	—	+0.21	Flat
26	San Jose, CAprimary	−0.19	+0.53	—	+0.19	Flat
27	Oklahoma City, OKprimary	−0.11	+0.46	—	+0.19	Flat
28	Riverside, CAprimary	−0.13	+0.45	—	+0.18	Flat
29	Cincinnati, OHprimary	+0.15	+0.21	—	+0.18	Flat
30	Philadelphia, PAprimary	+0.16	+0.19	—	+0.17	Flat
31	Baltimore, MDprimary	+0.11	+0.20	—	+0.16	Flat
32	Kansas City, MOprimary	+0.08	+0.22	—	+0.15	Flat
33	Virginia Beach, VAprimary	−0.18	+0.42	—	+0.14	Flat
34	Memphis, TNprimary	−0.33	+0.54	—	+0.13	Flat
35	Denver, COprimary	−0.27	+0.39	—	+0.08	Flat
36	Sacramento, CAprimary	−0.37	+0.48	—	+0.08	Flat
37	Buffalo, NYprimary	−0.12	+0.24	—	+0.07	Flat
38	Portland, ORprimary	−0.38	+0.40	—	+0.03	Flat
39	Richmond, VAprimary	−0.30	+0.31	—	+0.03	Flat
40	Chicago, ILprimary	−0.28	+0.29	—	+0.02	Flat
41	Indianapolis, INprimary	−0.33	+0.28	—	−0.00	Flat
42	Pittsburgh, PAprimary	+0.03	−0.07	—	−0.02	Flat
43	Cleveland, OHprimary	−0.04	—	—	−0.04	Flat
44	St. Louis, MOprimary	−0.03	−0.11	—	−0.07	Flat
45	Louisville/Jefferson County, KYprimary	−0.22	+0.06	—	−0.07	Flat
46	Washington, DCprimary	−0.40	+0.22	—	−0.07	Flat
47	San Juan, PRprimary	—	−0.09	—	−0.09	Flat
48	Minneapolis, MNprimary	−0.20	−0.00	—	−0.09	Flat
49	Detroit, MIprimary	−0.13	−0.10	—	−0.11	Flat
50	Birmingham, ALprimary	−0.12	−0.22	—	−0.17	Flat

Expanding score at or above +0.25Flat betweenContracting at or below −0.25Data = share of this class’s inputs actually present

Weights for multifamily: 35% macro, 40% class-specific, 25% your read. Data as of 2026-09-02.

146 further markets (50 secondary, 96 tertiary) have no readings loaded yet and are not listed. They are not markets that scored badly — nothing has been measured for them.

Rankings are computed from public government data and, where a firm has written one, that firm’s own read of the market. They are an automated indicator, not an appraisal, not investment advice, and not a substitute for underwriting a specific property. Every input and weight is shown so the number can be checked.