Market Insights: Multifamily Industry Analysis for 2022

The MRI Software Market Insights team continues to track trends in the US multifamily industry. This report reflects on 2022 data and pre-pandemic comparisons to provide analysis and insight in three main areas:

• Affordability – 2020 marked the beginning of a seasonality shift that carries through to 2022, with peak lease pricing occurring in autumn rather than summer.
• Behavior – While applications and move-ins are consistent with prior years, traffic and touring volumes are down.
• Technology – Use of online applications, resident portal usage, electronic payments and on-line service request submissions continues to be well above historical norms for applicants and residents.

The previous report covering data through the first half of 2022 is available here.