RealtyTrac today released its first quarter 2016 Single Family Rental Market Report, which ranked the top 15 counties for renting single family homes to Millennials.
The study, based on 448 counties across the U.S. with populations above 100,000, ranked the counties by studying in which counties annual wage growth increased more quickly than annual rental rate growth.
The study showed that in the 15 top counties, the Millennial share of the population increased at least 10% from 2008 to 2013.
Here are the top 5 ranked counties with the best markets for renting to Millennials:
5. Okaloosa County, Florida of the Crestview-Fort Walton Beach-Destin metro area with 10.5 annual gross rental yield and Millennial population share increase of 22.2%.
4. Jackson County, Missouri of the Kansas City metro area with 11.1 annual gross rental yield and millennial population share increase of 13.5%.
3. Bell County, Texas of the Killeen-Temple metro area with 11.9 annual gross rental yield and millennial population share increase of 20.6%.
2. Richmond City, Virginia with 13.7 annual gross rental yield and millennial population share increase of 27.6%.
1. Milwaukee County, Wisconsin with 15.7 annual gross rental yield and millennial population share increase of 16.4%.
This is a table shows all 15 best Millennial SFR markets:
Source: RealtyTrac
