Q2 2023 HOUSING MARKET PERFORMANCE: KNOXVILLE, INDIANAPOLIS, & COLUMBUS

Diving Deep into the Multi-Family Housing Surge in some of our Key Markets of Knoxville, Indy, and Columbus.

As the housing market continues to evolve, multi-family housing units have become an increasingly attractive option for real estate investors. With rising demand due to demographic shifts and a lack of inventory in the single-family home market, multi-family properties offer an opportunity for long-term profitability through rental income.

Ackermann Group is actively expanding into secondary Southeast submarkets where value still exists and cities are experiencing a surge of opportunities, with a strong outlook for the future. Let’s explore the real estate investment market for multi-family housing in Knoxville, TN, Indianapolis, IN, and Columbus, OH.

According to recent market reports, the multi-family housing market in Knoxville, Indianapolis, and Columbus is positioned for superior performance long term. Signs point towards continued growth in these areas, with occupancy rates and rent growth showcasing the strength of the asset class.

Knoxville, TN 

Knoxville has witnessed a steady increase in demand for multi-family housing, driven by factors such as job growth, population growth, and a strong local economy. The average occupancy rate in Knoxville was 96.3 in Q2, with rent growth of 9.6% year-over-year. These positive trends indicate a promising future for investors in this market.

Indianapolis, IN 

Indianapolis has also experienced significant growth in the multi-family housing sector. A diversified economy, affordable cost of living, and increasing population have contributed to a strong rental market. In Q2, the average occupancy rate was 94.2%, while rent growth was 6.1% year-over-year. As the city continues to attract new residents and businesses, the market for multi-family housing investments remains robust.

Columbus, OH 

Columbus is another attractive market for multi-family housing investments. The city has become a major hub for technology, healthcare, and education, resulting in a rising demand for housing. In Q2, the average occupancy rate was 95.0%, and the rent growth was 4.6% year-over-year. With ongoing economic development and a growing population, Columbus is well-positioned for continued growth in the multi-family housing sector.

The future is indeed bright for multi-family real estate investment, particularly in the markets we are continuing to target. These numbers indicate a strong and stable market for multi-family housing, with high demand for rental units driving rent growth. Thanks to demographic shifts towards urbanization and increased demand for affordability, the multi-family housing market is poised to remain a profitable option for real estate investors seeking long-term investment opportunities.

At the same time, the single-family home market has suffered from a lack of inventory, leading to an increase in home prices. This imbalance has further driven demand for multi-family housing as an affordable and flexible alternative. With tight supply, continued population growth, and sustained demand, multi-family units are expected to remain a lucrative investment in the years ahead, particularly for those seeking to expand their investment portfolio.

The multi-family housing market in Knoxville, Indianapolis, and Columbus offers a stable and profitable investment opportunity for real estate investors. With high demand for rental units and favorable market conditions, multi-family housing is poised to provide long-term profitability through rental income and appreciation. As the housing market continues to evolve, investing in multi-family housing presents a smart choice for high-net-worth individuals seeking to expand their portfolio.

Check out Ackermann’s services and start your multi-family real estate investment journey today. Contact us to learn how we can help you achieve your investment goals.

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