While real estate investors have benefited from an incredibly robust market for the last several years, some fear that might come to end. Yet, the reality is that it will not, as a recent report from Black Knight, a mortgage technology and data provider, reports that If mortgage rates were to “rise just 50 basis points more, or home prices were to increase just 5% more, home affordability would be the worst on record”. As a multifamily investor, the reality is that housing is a critical and fundamental need, and as such the demand will continue to keep this investment generally very steady and profitable.
So, which markets are continuing to lead in rent growth? Let’s take a look…
10. Las Vegas, NV
- YoY Rent Growth as of July 2022: 14.0%
- Average Apartment Rent: $1,506
- Percentage of Renters vs Homeowners: 47%
9. Seattle, WA
- YoY Rent Growth as of July 2022: 14.9%
- Average Apartment Rent: $2,334
- Percentage of Renters vs Homeowners: 40%
8. Charlotte, NC
- YoY Rent Growth as of July 2022: 15.6%
- Average Apartment Rent: $1,639
- Percentage of Renters vs Homeowners: 47%
7. Dallas, TX
- YoY Rent Growth as of July 2022: 16.1%
- Average Apartment Rent: $1,568
- Percentage of Renters vs Homeowners: 59%
6. Nashville, TN
- YoY Rent Growth as of July 2022: 16.5%
- Average Apartment Rent: $1,819
- Percentage of Renters vs Homeowners: 47%
5. Tampa, FL
- YoY Rent Growth as of July 2022: 17.4%
- Average Apartment Rent: $1,915
- Percentage of Renters vs Homeowners: 51%
4. Raleigh, NC
- YoY Rent Growth as of July 2022: 17.5%
- Average Apartment Rent: $1,631
- Percentage of Renters vs Homeowners: 49%
3. Orange County, CA
- YoY Rent Growth as of July 2022: 17.6%
- Average Apartment Rent: $2,524
- Percentage of Renters vs Homeowners: 41%
2. Miami Metro, FL
- YoY Rent Growth as of July 2022: 19.5%
- Average Apartment Rent: $2,307
- Percentage of Renters vs Homeowners: 70%
1. Orlando, FL
- YoY Rent Growth as of July 2022: 20.2%
- Average Apartment Rent: $1,937
- Percentage of Renters vs Homeowners: 63%
About Ellie Perlman
Ellie Perlman is the founder and CEO of Blue Lake Capital, a woman owned multifamily real estate investment firm focused on partnering with family offices and accredited investors to build and preserve generational wealth. Since its founding in 2017, Blue Lake has successfully acquired and operated multifamily assets across high-growth U.S. markets, completing $1B+ in transactions.
At Blue Lake Capital, Ellie and her team work exclusively with family offices and accredited investors, offering carefully curated investment opportunities that emphasize long-term wealth creation, stability, and risk-adjusted returns. A defining aspect of Blue Lake’s investment strategy is its integration of advanced AI-driven analytics and data science into the entire lifecycle of acquisitions and asset management. By leveraging cutting-edge technology, the firm executes data-driven forecasting on market trends, asset performance, and tenant behavior, ensuring strategic decision-making and optimized returns.
In addition to leading Blue Lake Capital, Ellie is the original founder and host of "REady2Scale - Real Estate Investing" podcast, which provides insights into multifamily real estate, alternative investments, and finance.
Ellie began her career as a commercial real estate attorney, structuring and negotiating complex transactions for one of Israel’s leading development firms. She later transitioned into property management, overseeing over $100M in assets for Israel’s largest energy company.
Ellie holds a Master’s in Law from Bar-Ilan University in Israel and an MBA from MIT Sloan School of Management.
You can learn more about Blue Lake Capital and Ellie Perlman at www.bluelake-capital.com.
*The content provided on this website, including all downloadable resources, is for informational purposes only and should not be interpreted as financial advice. Furthermore, this material does not constitute an offer to sell or a solicitation of an offer to buy any securities.
