Average Cost per Unit - Apartments

[Bryce Witcher]

Hi Guys:

I'm trying find some market data and need help. I want to fill in the missing info indicated my the question marks below. According to the latest Marcus & Millichap report, 2020 North America Multifamily Investment Forecast, page 66, I was able to find some of the data I was looking for. Does anyone have the missing info?

Thanks.

Market	Average Apartment Cost per Unit
Boston	$301,469
Charlotte	$121,026
Chicago	$153,565
Cincinnati	$54,082
Cleveland	$61,043
Columbus	$72,024
Dallas/Fort Worth	$110,745
Akron, Ohio	?
Augusta, Ga.	?
Birmingham, Ala.	?
Dayton, Ohio	?
Fayetteville, Ark.	?
Little Rock, Ark.	?
Memphis, TN	?
Oklahoma City, Okla.	?
Scranton-Wilkes-Barre, PA	?
Toledo, Ohio	?
Tulsa, OK	?

[Greg Dickerson]

Originally posted by @Bryce Witcher:

Hi Guys:

I'm trying find some market data and need help. I want to fill in the missing info indicated my the question marks below. According to the latest Marcus & Millichap report, 2020 North America Multifamily Investment Forecast, page 66, I was able to find some of the data I was looking for. Does anyone have the missing info?

Thanks.

Market	Average Apartment Cost per Unit
Boston	$301,469
Charlotte	$121,026
Chicago	$153,565
Cincinnati	$54,082
Cleveland	$61,043
Columbus	$72,024
Dallas/Fort Worth	$110,745
Akron, Ohio	?
Augusta, Ga.	?
Birmingham, Ala.	?
Dayton, Ohio	?
Fayetteville, Ark.	?
Little Rock, Ark.	?
Memphis, TN	?
Oklahoma City, Okla.	?
Scranton-Wilkes-Barre, PA	?
Toledo, Ohio	?
Tulsa, OK	?

Averages are meaningless in terms of market study or analysis. Kind of like relying on Zillow's Zestimate to determine the value of a property. Everything within a certain radius is used to generate an average without regard to type, style, class, age, condition, specific location etc. There are way to many variables and every deal needs to be evaluated individually. That being said you can use google search,  Loppnet, Crexi and Costar among other to find out that information.