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Updated over 10 years ago,
Cap Rate Data Source
I'm looking to get into multi-family investing. I would like to become very familiar with 2-3 markets/sub-markets in addition to my home market (Fargo, ND).
I would like to research macro rental data and trends for markets across the US. Is there a data source where I can find at what cap rates multi-families are trading in all the MSAs across the country?
I know there is no free lunch, but I'd like to try to compare cap rates to employment growth (or lack of) to try find markets that offer attractive risk-adjusted returns.