Washington County, RI Multifamily Market: Key Insights and Opportunities
Posted by Tim Bray on
The multifamily real estate market in Washington County, RI has 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 $1,534 to $1,998 by 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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