In real estate investing, data interpreting is a challenge because the market is fluid and shifts often. One of the key principles to understanding real estate statistics and interpretations is to always consider trends over a significant period of time, to avoid making knee jerk reactions in temporary market shifts.
Reviewing information over the last 7-10 years is the golden rule of keeping an objective eye on market trends, and the safest approach to making your own assumptions.
Keep in mind that when you’re evaluating a specific population, it’s important to anticipate if the growth will continue and other factors that can contribute, such as the number of major employers, unemployment rates, and more.
Generally, however, a market that has a large renter share over homeowner share will likely remain stable for a multifamily investment if the other factors of the economy are evenly distributed. In evaluating the last decade, specifically 2010-2018 (2019 data is not yet completely available), here are the top 10 cities with the most consistent growth in renter population:
#10 Birmingham, AL
- Renter Percentage of Population: 52.7%
- Total Population as of 2018: 209,880
- Renter Population Increase from 2010 – 2018: 12.2%
#9 Memphis, TN
- Renter Percentage of Population: 52.7%
- Total Population as of 2018: 650,618
- Renter Population Increase from 2010 – 2018: 8.9%
#8 Irvine, CA
- Renter Percentage of Population: 53.0%
- Total Population as of 2018: 282,572
- Renter Population Increase from 2010 – 2018: 14.3%
#7 Pompano Beach, FL
- Renter Percentage of Population: 53.2%
- Total Population as of 2018: 111,954
- Renter Population Increase from 2010 – 2018: 17.9%
#6 Stockton, CA
- Renter Percentage of Population: 54.3%
- Total Population as of 2018: 311,17
- Renter Population Increase from 2010 – 2018: 12.9%
#5 Lewisville, TX
- Renter Percentage of Population: 54.6%
- Total Population as of 2018: 106,586
- Renter Population Increase from 2010 – 2018: 11.9%
#4 Manchester, NH
- Renter Percentage of Population: 55.3%
- Total Population as of 2018: 112,525
- Renter Population Increase from 2010 – 2018: 12.2%
#3 Killeen, TX
- Renter Percentage of Population: 55.5%
- Total Population as of 2018: 149,103
- Renter Population Increase from 2010 – 2018: 19.9%
#2 Waterbury, CT
- Renter Percentage of Population: 56.0%
- Total Population as of 2018: 108,093
- Renter Population Increase from 2010 – 2018: 14.6%
#1 Dayton, OH
- Renter Percentage of Population: 56.5%
- Total Population as of 2018: 140,640
- Renter Population Increase from 2010 – 2018: 20.6%
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About Ellie Perlman
Ellie Perlman is the founder and CEO of Blue Lake Capital, a woman owned multifamily real estate investment firm focused on partnering with family offices and accredited investors to build and preserve generational wealth. Since its founding in 2017, Blue Lake has successfully acquired and operated multifamily assets across high-growth U.S. markets, completing $1B+ in transactions.
At Blue Lake Capital, Ellie and her team work exclusively with family offices and accredited investors, offering carefully curated investment opportunities that emphasize long-term wealth creation, stability, and risk-adjusted returns. A defining aspect of Blue Lake’s investment strategy is its integration of advanced AI-driven analytics and data science into the entire lifecycle of acquisitions and asset management. By leveraging cutting-edge technology, the firm executes data-driven forecasting on market trends, asset performance, and tenant behavior, ensuring strategic decision-making and optimized returns.
In addition to leading Blue Lake Capital, Ellie is the original founder and host of "REady2Scale - Real Estate Investing" podcast, which provides insights into multifamily real estate, alternative investments, and finance.
Ellie began her career as a commercial real estate attorney, structuring and negotiating complex transactions for one of Israel’s leading development firms. She later transitioned into property management, overseeing over $100M in assets for Israel’s largest energy company.
Ellie holds a Master’s in Law from Bar-Ilan University in Israel and an MBA from MIT Sloan School of Management.
You can learn more about Blue Lake Capital and Ellie Perlman at www.bluelake-capital.com.
At Blue Lake Capital, Ellie and her team work exclusively with family offices and accredited investors, offering carefully curated investment opportunities that emphasize long-term wealth creation, stability, and risk-adjusted returns. A defining aspect of Blue Lake’s investment strategy is its integration of advanced AI-driven analytics and data science into the entire lifecycle of acquisitions and asset management. By leveraging cutting-edge technology, the firm executes data-driven forecasting on market trends, asset performance, and tenant behavior, ensuring strategic decision-making and optimized returns.
In addition to leading Blue Lake Capital, Ellie is the original founder and host of "REady2Scale - Real Estate Investing" podcast, which provides insights into multifamily real estate, alternative investments, and finance.
Ellie began her career as a commercial real estate attorney, structuring and negotiating complex transactions for one of Israel’s leading development firms. She later transitioned into property management, overseeing over $100M in assets for Israel’s largest energy company.
Ellie holds a Master’s in Law from Bar-Ilan University in Israel and an MBA from MIT Sloan School of Management.
You can learn more about Blue Lake Capital and Ellie Perlman at www.bluelake-capital.com.
*The content provided on this website, including all downloadable resources, is for informational purposes only and should not be interpreted as financial advice. Furthermore, this material does not constitute an offer to sell or a solicitation of an offer to buy any securities.
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