Cincinnati, Ohio, ranked second on the strength of its financing accessibility. The city’s FHA four-unit loan limit of $1,041,125 covers more than four times the median multifamily listing price of $82,917 per unit, the lowest entry cost in the top five.
Detroit, Michigan, followed in third place with an estimated gross yield of 14.3% and FHA coverage reaching 3.8 times the median listing price.
Two non-Midwest markets also broke into the top five. Colorado Springs, Colorado, ranked fourth on a combination of an 8% gross yield and a 3% vacancy rate, one of the lowest in the entire index.
Jacksonville, Florida, completed the top five with an 11% estimated gross yield and 7% five-year population growth, though its 11% vacancy rate is a variable brokers should factor carefully into client cash flow projections.
