Midwest Multifamily Market Report
Exploring the growth prospects of America’s Heartland based on 1Q–2Q 2023 analysis
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Investments in the Midwest USA is at a record high

May 2023 showcasing a median rent growth rate of 4.5%

Unemployment rate decreasing from 3.2% to 2.8% over the past 12 months

Expected to see cumulative multifamily rent growth of 5.2% over the next two years
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WHY THE MIDWEST?
- 68 million residents
- Steady economic growth
- Lower cost of living and doing business
- Easier to acquire land and necessary permits
- Well-developed infrastructure