- Dallas-Fort Worth leads the nation in multifamily unit financing since January 2024, with nearly 104K units funded, outpacing New York’s 68K units.
- New York ranks first in loan volume ($12.6B), property count (765 properties), and new unit construction since 2022.
- Los Angeles, Houston, and Miami round out the top markets, with strong activity in property financing and new unit deliveries.
Apartment Markets See Renewed Momentum
Dallas and New York lead a renewed wave of multifamily investment in apartment markets, based on a CRED iQ ranking reported by GlobeSt.
The real estate analytics firm evaluated CMBS, Freddie Mac, and Fannie Mae loan issuances over the past 15 months to identify metro areas with the strongest apartment market momentum.
Dallas on Top for Scale
Dallas-Fort Worth took the top spot, with nearly 104K units financed since early 2024—far outpacing New York’s 68K units during the same period. Dallas also ranked third nationally in property count, boasting 440 multifamily properties and more than 20K new units added since 2020.
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New York’s Lending Power
Despite trailing Dallas in unit financing, New York ranked first in total multifamily loan volume at $12.6B. The New York MSA, which includes northern New Jersey and Long Island, also led the country in property count (765) and new unit construction since 2022, adding nearly 16K units since 2020.
Los Angeles, Houston, and Miami Also Shine
Los Angeles ranked third in CRED iQ’s weighted analysis, with 503 properties recently financed and 5,400 units added in the past five years. Houston and Miami also stood out, with 8,400 and 6,700 new units delivered since 2020, respectively, showcasing healthy multifamily growth across Sun Belt markets.
Why It Matters
For investors, the strong performance in Dallas, New York, and Los Angeles points to attractive near-term returns, especially in markets with robust loan activity and new construction. The three-way tie for fourth place among Atlanta, Chicago, and Houston further highlights broad opportunities across the country’s largest metros.
What’s Next
As the multifamily sector continues to show resilience, savvy investors will likely focus on metros with a combination of high loan volume, growing property counts, and strong unit deliveries. CRED iQ’s findings suggest that Dallas, New York, and Los Angeles will remain investment hotspots into 2026 and beyond.
