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$29K

$53.4K

$81K

How much do multifamily development jobs pay per year?

As of Jul 21, 2026, the average yearly pay for multifamily development in the United States is $53,418.00, according to ZipRecruiter salary data. Most workers in this role earn between $42,500.00 and $60,000.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in Multifamily Development, and why are they important?

To excel in Multifamily Development, you need expertise in real estate finance, project management, market analysis, and a relevant degree such as urban planning, real estate, or construction management. Familiarity with project management software, financial modeling tools, and regulatory compliance systems is typically required. Strong negotiation, communication, and problem-solving skills set top performers apart in overseeing complex, multi-stakeholder projects. These skills are crucial for successfully navigating regulatory environments, managing budgets and timelines, and delivering profitable, high-quality multifamily properties.

What is multifamily development?

Multifamily development refers to the process of designing, constructing, and managing residential buildings that contain multiple separate housing units, such as apartment complexes, condominiums, or townhouses. These projects often involve site selection, securing financing, navigating zoning regulations, and coordinating construction and property management. Multifamily development plays a crucial role in providing housing options in urban and suburban areas and is a significant part of the real estate industry.

What is the difference between Multifamily Development vs Commercial Real Estate Development?

AspectMultifamily DevelopmentCommercial Real Estate Development
CredentialsReal estate license, development certificationsReal estate license, development certifications
Work EnvironmentResidential projects, urban and suburban areasOffice, retail, industrial projects
Employer & Industry UsageReal estate developers, housing authoritiesCommercial developers, investment firms
Search & Comparison IntentFocus on residential property developmentFocus on commercial property development

Multifamily Development primarily involves creating residential apartment complexes and housing units, often in urban or suburban settings. In contrast, Commercial Real Estate Development encompasses a broader range of projects like office buildings, retail centers, and industrial facilities. While both roles require similar credentials and work environments, their focus areas differ, catering to different market needs and investment strategies.

What are some common challenges faced by professionals in multifamily development projects?

Professionals in multifamily development often navigate complex zoning regulations, secure project financing, and manage multiple stakeholders, including architects, contractors, and local authorities. Coordinating these elements while keeping projects on schedule and within budget can be demanding. Additionally, market shifts and community feedback may require adjustments to plans, so adaptability and strong communication skills are essential for success in this field.
More about Multifamily Development jobs
What cities are hiring for Multifamily Development jobs? Cities with the most Multifamily Development job openings:
What are the most commonly searched types of Multifamily Development jobs? The most popular types of Multifamily Development jobs are:
What states have the most Multifamily Development jobs? States with the most job openings for Multifamily Development jobs include:
Multifamily Development jobs near you
Infographic showing various Multifamily Development job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 82% Full Time, 15% Part Time, and 2% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $53,418 per year, or $25.7 per hour.
Multifamily-Development Analyst - Tampa

Multifamily-Development Analyst - Tampa

DR Horton

Tampa, FL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 7 days ago

D.R. Horton rating

7.4

Company rating: 7.4 out of 10

Based on 34 frontline employees who took The Breakroom Quiz

36th of 80 rated construction

Job description

D.R. Horton, Inc., the largest homebuilder in the U.S., was founded in 1978 and is a publicly traded company on the New York Stock Exchange. It is engaged in the construction and sale of high quality homes designed principally for the entry-level and first time move-up markets. The Company also provides mortgage financing and title services for homebuyers through its mortgage and title subsidiaries. Please visit our website at www.drhorton.com for more information.
DHI Communities is a multifamily development division of D.R. Horton, Inc.
DHI Communities is currently looking for a Multifamily-Development Analyst. The right candidate will be heavily involved in the acquisition, development and asset management of multifamily investments.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
  • Collaborate with and support the Managing Director and the development team in evaluating new multifamily development opportunities, as well as support asset management of existing properties
  • Prepare proformas and financial projections for potential development projects including underwriting rents, operational expenses, and project costs
  • Assist in gathering due diligence reports and materials for development opportunities
  • Provide support for acquisition, financing and, disposition process for each new multifamily development
  • Prepare financial modeling to support and guide acquisition and asset management decisions
  • Prepare presentation materials on development opportunities for internal and external use
  • Analyze and monitor financial performance of properties including financial modeling, benchmarking to budget, and collaborating with management in executing business plans
  • Conducts all business in a professional and ethical manner to serve customers and increase the goodwill and profit of the company
  • Analyze the overall market and monitor industry trends
  • Ability to travel overnight

Qualifications
Required Qualifications
  • Bachelor's degree in Real Estate, Business, Finance, Economics or related field
  • 1 to 3 years of commercial real estate, private equity, or investment banking
  • Advanced Excel financial modeling (create original financial models for new scenarios with limited guidance)
  • Excellent written and verbal communication skills, able to summarize conclusions and confidently present well-supported arguments for or against specific investment opportunities
  • Highly organized and able to focus under pressure while balancing competing priorities and meeting tight deadlines with a high degree of accuracy
  • Goal oriented, self-starter that takes initiative to effect change with continuous improvement in multifamily underwriting process
  • Ability to apply common sense understanding to carry out instructions furnished in written oral form or via DRH applications
  • Proficiency with MS Office and email

Preferred Qualifications
  • Experience in retail underwriting and/or asset management a plus
  • Big 4 accountancy firm experience

Come join a winning team with a Fortune 500 company! We are growing fast and are looking for enthusiastic attitudes and team players to join our success. We offer an excellent benefits package including:
  • Medical, Dental and Vision
  • 401(K)
  • Employee Stock Purchase Plan
  • Flex Spending Accounts
  • Life & Disability Insurance
  • Vacation, Sick, Personal Time and Company Holidays
  • Multiple Voluntary and Company provided Benefits

Build YOUR future with D.R. Horton, America's Builder. #WeBuildPeopleToo

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