Metropolitan Multifamily Insurance Costs Per Unit

Benchmark metros with at least 20 properties reporting financials continuously from 2021 – 2024

Table comparing metropolitan multifamily average insurance cost per unit across select markets in 2024. The table also shows percentage changes in insurance costs from 2021 to 2024, illustrating varying rates of insurance expense growth across metropolitan areas.

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Note: The 22 Metro areas that have submitted apartment data from 2021 to 2024, each including at least 20 multifamily housing properties. Data trends in property, hazard and liability insurance.

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