National YOY Change in Multifamily Insurance Costs Per Unit

Benchmark properties reporting financials continuously from 2021 to 2024. Chart shows year-over-year changes in insurance cost per unit for 2022–2024.

Bar chart showing year-over-year changes in national multifamily insurance cost per unit based on benchmarking financial reports from 2021 to 2024, illustrating a sharp acceleration in insurance expenses growth during the post-pandmic period.

(Please use a modern browser to see the interactive version of this visualization)

Note: National benchmark for the years 2021, 2022 2023 and 2024. Only includes properties that submitted financials for all four years. Data trends in property, hazard and liability insurance.

Chart: Eri BajomoSource: NAA Income/Expense IQ, same store multifamily dataDownload image