Multifamily Rent Growth Projected To Set New Record in Northwest Arkansas

Multifamily rent growth in Northwest Arkansas is on track for another record increase by the end of 2022. The average market increase for multifamily rent continues to log double-digit growth, hitting 11.1% through mid-November. Last year, average rent growth came in at 6.7%, which set an annual record for the region, with many localities seeing record increases last year, thanks to population increases and pent-up demand for housing.