Washington County Multi Family

    The multifamily real estate market in Washington County, RIhas shown a solid upward trajectory in recent years, marked by rising rents and high occupancy rates. This trend continues to benefit investors, with strong demand driving the market forward. Let's dive into the most important data points shaping the Washington County multifamily landscape.

    Consistent Rent Growth

    Since 2020 Q1, average rents per unit in Washington County have grown significantly, from $1,534to $1,998by 2024 Q4 QTD, representing an overall increase of roughly 30.2%in under five years. This equates to an annual growth rate of 5.1%, which demonstrates the region’s robust rental market.

    • 2024 Outlook: The forecast indicates continued growth, with projected rents…

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    New London County Market Update Multi Family

    The multifamily real estate market in New London Countycontinues to show strong momentum, with consistent rent growth and high demand. Since 2020, the market has seen significant appreciation, driven by a combination of tight supply, increasing demand, and limited new construction. As we look forward, the data points to continued strength in the multifamily sector, making it a prime area of opportunity for investors and property owners alike.

    Let’s dive deeper into the numbers and trends shaping this market.

    Steady Rent Growth Since 2020

    One of the most notable trends in New London County’s multifamily market has been the steady increase in rent prices. Back in 2020 Q1, the average rent per unit was around $1,293. Fast forward to 2024 Q4,…

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