By 2020, 43 million plus By 2020, 43 milliion plus renters, a continuing long-term upward swing that actually started in 1975. In fact, multifamily housing accounts for for approximately 15% of the housing stock in the U.S.
This high demand for multifamily properties may also be related to the unaffordability of homeownership, especially for millennials. Nearly say they cannot afford a house due to rising prices. This is backed by a study by the Federal Reserve Bank of St. Louis Center for Household Financial Stability, which found that millennials have almost 35% less wealth than earlier generations at the same ages.
Some of the best areas to invest in multifamily today are listed below..
- Raleigh-Durham
- Austin
- Charlotte
- Salt Lake City
- Phoenix
- Atlanta
- Dallas-Fort Worth
- Orlando
- Nashville
- Tampa-St. Petersburg
- Boise
- Washington D.C.
- San Antonio
- Boston
- Seattle
- Indianapolis
- Denver
- Palm Beach
- Colorado Springs
- Sacramento
- Fort Lauderdale
- Columbus
- Jacksonville
- Miami
- San Jose
Top 25 Markets To Invest In Multifamily Properties
By 2020, 43 million plus By 2020, 43 milliion plus renters, a continuing long-term upward swing that actually started in 1975. In fact, multifamily housing accounts for
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