Curated investment metrics for the best multifamily rental and mixed-use development markets across the United States and Canada. Click any city to view zoning rules, investment benchmarks, and development standards.
Showing 30 markets, sorted by 5yr ROI (high to low)
NV
Entertainment capital with no state income tax
Land/sqft
$20
Cap Rate
5.8%
Avg Rent
$1.8k
Vacancy
9.0%
Units
120
5yr ROI
16.0%
Equity
$2.2M
AZ
Sun Belt migration magnet with strong rent growth
Land/sqft
$28
Cap Rate
5.5%
Avg Rent
$1.4k
Vacancy
7.0%
Units
130
5yr ROI
15.5%
Equity
$2.8M
GA
Diverse economy with strong multifamily fundamentals
Land/sqft
$18
Cap Rate
5.6%
Avg Rent
$1.6k
Vacancy
12.0%
Units
140
5yr ROI
15.0%
Equity
$2.5M
TX
No state income tax & massive population growth
Land/sqft
$22
Cap Rate
5.8%
Avg Rent
$1.4k
Vacancy
7.5%
Units
150
5yr ROI
15.0%
Equity
$2.0M
TX
Strong job growth & landlord-friendly regulations
Land/sqft
$18
Cap Rate
5.3%
Avg Rent
$1.8k
Vacancy
11.0%
Units
120
5yr ROI
14.5%
Equity
$2.5M
NC
Research Triangle tech hub driving housing demand
Land/sqft
$30
Cap Rate
5.3%
Avg Rent
$1.4k
Vacancy
5.8%
Units
80
5yr ROI
14.0%
Equity
$2.2M
FL
No state income tax & year-round rental demand
Land/sqft
$22
Cap Rate
5.5%
Avg Rent
$1.8k
Vacancy
10.0%
Units
110
5yr ROI
14.0%
Equity
$2.5M
AB
Energy hub with strong population & rent growth
Land/sqft
$45
Cap Rate
4.8%
Avg Rent
$1.6k
Vacancy
3.0%
Units
100
5yr ROI
13.5%
Equity
$2.5M
NC
Banking hub with 2nd fastest US population growth
Land/sqft
$17
Cap Rate
5.5%
Avg Rent
$1.8k
Vacancy
8.0%
Units
90
5yr ROI
13.5%
Equity
$2.0M
TN
Music City boom with 100+ people/day moving in
Land/sqft
$30
Cap Rate
5.5%
Avg Rent
$1.9k
Vacancy
12.0%
Units
100
5yr ROI
13.5%
Equity
$3.0M
TX
Tech migration hub with exceptional rent growth
Land/sqft
$38
Cap Rate
5.0%
Avg Rent
$1.6k
Vacancy
8.5%
Units
100
5yr ROI
13.0%
Equity
$3.5M
AB
Capital city with no provincial sales tax
Land/sqft
$35
Cap Rate
5.0%
Avg Rent
$1.4k
Vacancy
4.0%
Units
80
5yr ROI
13.0%
Equity
$2.0M
AB
Central Alberta corridor with affordable entry
Land/sqft
$25
Cap Rate
5.5%
Avg Rent
$1.3k
Vacancy
5.0%
Units
50
5yr ROI
12.5%
Equity
$1.2M
MB
Diversified economy with lowest vacancy in prairies
Land/sqft
$28
Cap Rate
5.3%
Avg Rent
$1.4k
Vacancy
4.0%
Units
70
5yr ROI
12.5%
Equity
$1.8M
AB
Edmonton bedroom community with rapid growth
Land/sqft
$30
Cap Rate
5.0%
Avg Rent
$1.5k
Vacancy
3.5%
Units
40
5yr ROI
12.0%
Equity
$1.2M
AB
Industrial heartland driving housing demand
Land/sqft
$28
Cap Rate
5.3%
Avg Rent
$1.4k
Vacancy
4.0%
Units
40
5yr ROI
12.0%
Equity
$1.2M
BC
Okanagan lifestyle hub with constrained land supply
Land/sqft
$55
Cap Rate
4.5%
Avg Rent
$1.8k
Vacancy
2.5%
Units
60
5yr ROI
12.0%
Equity
$3.0M
AB
University town with affordable multifamily entry
Land/sqft
$22
Cap Rate
5.5%
Avg Rent
$1.3k
Vacancy
4.5%
Units
40
5yr ROI
12.0%
Equity
$1.0M
SK
Potash & tech economy driving steady growth
Land/sqft
$25
Cap Rate
5.5%
Avg Rent
$1.4k
Vacancy
5.0%
Units
60
5yr ROI
12.0%
Equity
$1.5M
SK
Provincial capital with stable rental demand
Land/sqft
$22
Cap Rate
5.5%
Avg Rent
$1.3k
Vacancy
5.5%
Units
50
5yr ROI
11.5%
Equity
$1.2M
BC
Affordable Okanagan alternative with growing demand
Land/sqft
$40
Cap Rate
5.0%
Avg Rent
$1.6k
Vacancy
3.0%
Units
40
5yr ROI
11.5%
Equity
$1.5M
BC
Westside Okanagan with growing development
Land/sqft
$48
Cap Rate
4.8%
Avg Rent
$1.7k
Vacancy
2.5%
Units
50
5yr ROI
11.5%
Equity
$2.0M
AB/SK
Border city with unique tax advantages
Land/sqft
$18
Cap Rate
6.0%
Avg Rent
$1.2k
Vacancy
6.0%
Units
30
5yr ROI
11.0%
Equity
$800k
BC
Canada's warmest town with resort demand
Land/sqft
$38
Cap Rate
5.3%
Avg Rent
$1.6k
Vacancy
4.0%
Units
25
5yr ROI
11.0%
Equity
$1.2M
BC
Lakeside community with limited supply
Land/sqft
$45
Cap Rate
4.8%
Avg Rent
$1.6k
Vacancy
3.0%
Units
25
5yr ROI
10.5%
Equity
$1.5M
BC
Wine country living with tourism demand
Land/sqft
$42
Cap Rate
5.0%
Avg Rent
$1.6k
Vacancy
3.5%
Units
30
5yr ROI
10.5%
Equity
$1.5M
OH
Midwest growth hub with strong university demand
Land/sqft
$10
Cap Rate
6.8%
Avg Rent
$1.5k
Vacancy
8.0%
Units
—
5yr ROI
—
Equity
—
CO
Mountain West gateway with tech sector growth
Land/sqft
$40
Cap Rate
5.2%
Avg Rent
$1.8k
Vacancy
10.5%
Units
—
5yr ROI
—
Equity
—
UT
Silicon Slopes tech corridor with population boom
Land/sqft
$25
Cap Rate
5.5%
Avg Rent
$1.7k
Vacancy
6.0%
Units
—
5yr ROI
—
Equity
—
CA
Coastal market with constrained supply & military demand
Land/sqft
$85
Cap Rate
4.6%
Avg Rent
$2.8k
Vacancy
5.0%
Units
—
5yr ROI
—
Equity
—
Disclaimer: Market data is provided for informational purposes only and should not be considered financial advice. Metrics are sourced from CoStar, CBRE, Colliers, local MLS, and municipal open data portals. Benchmark values (unit count, ROI, equity, net worth) represent typical multifamily projects and may vary significantly by specific location, lot size, and zoning designation. Always conduct independent due diligence before making investment decisions. Data is updated periodically by the Land Tech Labs analysis team.
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