Metro-Level Snapshot — Where are Millennials Concentrated in Small Rental Properties?

One way to look at the drivers for Millennial demand across US metros is to consider their concentration. Their concentration is shown here as an index of the Millennial share in small properties (5 to 49 units) to their share in the wider metro population.
Concentration of Millennial Demand at the Metro-level
Another way to look at the drivers for Millennial demand across US metros is to consider their concentration. Their concentration is shown here as an index of the Millennial share in small properties to their share in the wider metro population.
As shown below, smaller metros with strong educational draws, show a greater concentration of the Millennial demand in small asset properties. Again, this list includes quintessential university towns like Austin, Madison Raleigh and Pittsburgh.
Examining the connection between universities and housing demand should be of great interest to small asset apartment investors, and will be examined in a follow-up blog.