| 1 | Hawaii | 13.9% |
| 2 | New York | 13.6% |
| 3 | Vermont | 11.5% |
| 4 | California | 11.0% |
| 5 | Maine | 10.6% |
| 6 | New Jersey | 10.3% |
| 7 | Illinois | 10.2% |
| 8 | Rhode Island | 10.1% |
| 9 | Maryland | 10.0% |
| 10 | Connecticut | 9.9% |
| 11 | Minnesota | 9.7% |
| 12 | New Mexico | 9.6% |
| 13 | Massachusetts | 9.6% |
| 14 | Utah | 9.5% |
| 15 | Ohio | 9.4% |
| 16 | Kansas | 9.3% |
| 17 | Iowa | 9.2% |
| 18 | Indiana | 9.1% |
| 19 | Mississippi | 9.1% |
| 20 | Oregon | 9.1% |
| 21 | Louisiana | 8.9% |
| 22 | Kentucky | 8.9% |
| 23 | Virginia | 8.9% |
| 24 | West Virginia | 8.9% |
| 25 | Nebraska | 8.8% |
| 26 | Colorado | 8.7% |
| 27 | Nevada | 8.6% |
| 28 | Washington | 8.6% |
| 29 | Arkansas | 8.6% |
| 30 | Pennsylvania | 8.6% |
| 31 | Georgia | 8.5% |
| 32 | Wisconsin | 8.3% |
| 33 | Michigan | 8.3% |
| 34 | Arizona | 8.2% |
| 35 | North Carolina | 8.2% |
| 36 | South Carolina | 8.2% |
| 37 | Alabama | 8.0% |
| 38 | Montana | 7.9% |
| 39 | Missouri | 7.8% |
| 40 | Texas | 7.8% |
| 41 | Idaho | 7.5% |
| 42 | Oklahoma | 7.0% |
| 43 | North Dakota | 6.6% |
| 44 | Delaware | 6.5% |
| 45 | Florida | 6.5% |
| 46 | South Dakota | 6.5% |
| 47 | Tennessee | 6.4% |
| 48 | New Hampshire | 5.9% |
| 49 | Wyoming | 5.8% |
| 50 | Alaska | 4.9% |
Multifamily Market News 