Gross Rent Multiplier (GRM) by Metropolitan Statistical Area (MSA) for Apartment Buildings

Below is a list of median Gross Rent Multipliers (GRMs) categorized by Metropolitan Statistical Area (MSA) for select property types. Keep in mind that rental property value multipliers for specific properties may be higher or lower than the median in their area.

Market (MSA)Gross Rent MultiplierProperty TypeYear Built
Gross Rent Multiplier for Los Angeles-Long Beach-Anaheim, CA13.31-3 Floors1950-1979
Gross Rent Multiplier for New York-Newark-Jersey City, NY-NJ-PA101-3 Floors1949 or older
Gross Rent Multiplier for Chicago-Naperville-Elgin, IL-IN-WI8.231-3 Floors1949 or older
Gross Rent Multiplier for Philadelphia-Camden-Wilmington, PA-NJ-DE-MD9.261-3 Floors1949 or older
Gross Rent Multiplier for Boston-Cambridge-Newton, MA-NH10.931-3 Floors1949 or older
Gross Rent Multiplier for Dallas-Fort Worth-Arlington, TX7.291-3 Floors1950-1979
Gross Rent Multiplier for Miami-Fort Lauderdale-West Palm Beach, FL9.621-3 Floors1950-1979
Gross Rent Multiplier for Houston-The Woodlands-Sugar Land, TX7.051-3 Floors1950-1979
Gross Rent Multiplier for Tampa-St. Petersburg-Clearwater, FL7.811-3 Floors1950-1979
Gross Rent Multiplier for Seattle-Tacoma-Bellevue, WA11.571-3 Floors1950-1979
Gross Rent Multiplier for Detroit-Warren-Dearborn, MI6.161-3 Floors1950-1979
Gross Rent Multiplier for Atlanta-Sandy Springs-Roswell, GA7.141-3 Floors1950-1979
Gross Rent Multiplier for San Diego-Carlsbad, CA13.31-3 Floors1950-1979
Gross Rent Multiplier for Phoenix-Mesa-Scottsdale, AZ9.091-3 Floors1950-1979
Gross Rent Multiplier for Cincinnati, OH-KY-IN6.191-3 Floors1950-1979
Gross Rent Multiplier for Washington-Arlington-Alexandria, DC-VA-MD-WV9.321-3 Floors1950-1979
Gross Rent Multiplier for San Francisco-Oakland-Hayward, CA13.261-3 Floors1950-1979
Gross Rent Multiplier for Pittsburgh, PA7.21-3 Floors1949 or older
Gross Rent Multiplier for Denver-Aurora-Lakewood, CO11.41-3 Floors1950-1979
Gross Rent Multiplier for Baltimore-Columbia-Towson, MD7.481-3 Floors1949 or older
Gross Rent Multiplier for Providence-Warwick, RI-MA7.671-3 Floors1949 or older
Gross Rent Multiplier for Cleveland-Elyria, OH5.931-3 Floors1950-1979
Gross Rent Multiplier for Columbus, OH7.411-3 Floors1950-1979
Gross Rent Multiplier for Colorado Springs, CO12.221-3 Floors2000 or newer
Gross Rent Multiplier for Las Vegas-Henderson-Paradise, NV9.111-3 Floors1950-1979
Gross Rent Multiplier for New Orleans-Metairie, LA9.051-3 Floors1950-1979
Gross Rent Multiplier for Indianapolis-Carmel-Anderson, IN5.231-3 Floors1950-1979
Gross Rent Multiplier for Louisville/Jefferson County, KY-IN6.551-3 Floors1950-1979
Gross Rent Multiplier for Sacramento--Roseville--Arden-Arcade, CA10.351-3 Floors1950-1979
Gross Rent Multiplier for Milwaukee-Waukesha-West Allis, WI8.11-3 Floors1949 or older
Gross Rent Multiplier for Memphis, TN-MS-AR6.071-3 Floors1950-1979
Gross Rent Multiplier for Riverside-San Bernardino-Ontario, CA9.921-3 Floors1950-1979
Gross Rent Multiplier for Charlotte-Concord-Gastonia, NC-SC8.331-3 Floors1980-1999
Gross Rent Multiplier for Salt Lake City, UT13.071-3 Floors2000 or newer
Gross Rent Multiplier for San Antonio-New Braunfels, TX7.671-3 Floors1950-1979
Gross Rent Multiplier for Hartford-West Hartford-East Hartford, CT6.421-3 Floors1949 or older
Gross Rent Multiplier for New Haven-Milford, CT6.191-3 Floors1949 or older
Gross Rent Multiplier for Jacksonville, FL8.581-3 Floors1950-1979
Gross Rent Multiplier for Austin-Round Rock, TX101-3 Floors1950-1979
Gross Rent Multiplier for Portland-Vancouver-Hillsboro, OR-WA11.21-3 Floors1950-1979
Gross Rent Multiplier for Nashville-Davidson--Murfreesboro--Franklin, TN8.981-3 Floors1950-1979
Gross Rent Multiplier for St. Louis, MO-IL6.521-3 Floors1950-1979
Gross Rent Multiplier for Fresno, CA8.251-3 Floors1950-1979
Gross Rent Multiplier for Madison, WI9.141-3 Floors1950-1979
Gross Rent Multiplier for Minneapolis-St. Paul-Bloomington, MN-WI8.331-3 Floors1950-1979
Gross Rent Multiplier for Tulsa, OK7.061-3 Floors1950-1979
Gross Rent Multiplier for Kansas City, MO-KS7.091-3 Floors1950-1979
Gross Rent Multiplier for North Port-Sarasota-Bradenton, FL7.881-3 Floors1950-1979
Gross Rent Multiplier for Virginia Beach-Norfolk-Newport News, VA-NC6.881-3 Floors1950-1979
Gross Rent Multiplier for Winston-Salem, NC6.271-3 Floors1980-1999
Gross Rent Multiplier for Buffalo-Cheektowaga-Niagara Falls, NY7.171-3 Floors1949 or older
Gross Rent Multiplier for Oklahoma City, OK6.661-3 Floors1950-1979
Gross Rent Multiplier for Worcester, MA-CT7.41-3 Floors1949 or older
Gross Rent Multiplier for Orlando-Kissimmee-Sanford, FL7.491-3 Floors1950-1979
Gross Rent Multiplier for Greenville-Anderson-Mauldin, SC6.741-3 Floors1980-1999
Gross Rent Multiplier for Little Rock-North Little Rock-Conway, AR6.471-3 Floors1950-1979
Gross Rent Multiplier for Asheville, NC8.071-3 Floors1950-1979
Gross Rent Multiplier for Charleston-North Charleston, SC8.711-3 Floors1980-1999
Gross Rent Multiplier for Tucson, AZ8.931-3 Floors1950-1979
Gross Rent Multiplier for San Jose-Sunnyvale-Santa Clara, CA12.51-3 Floors1950-1979
Gross Rent Multiplier for Manchester-Nashua, NH7.141-3 Floors1950-1979
Gross Rent Multiplier for Richmond, VA6.571-3 Floors1950-1979
Gross Rent Multiplier for Chattanooga, TN-GA6.921-3 Floors1950-1979
Gross Rent Multiplier for Columbia, SC6.681-3 Floors1980-1999
Gross Rent Multiplier for Greenville, NC5.481-3 Floors1980-1999
Gross Rent Multiplier for Grand Rapids-Wyoming, MI7.481-3 Floors1950-1979
Gross Rent Multiplier for Allentown-Bethlehem-Easton, PA-NJ8.141-3 Floors1949 or older
Gross Rent Multiplier for Birmingham-Hoover, AL6.031-3 Floors1950-1979

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