Realtor.com's latest study highlights Austin, Texas as the top destination for this year's graduating class, offering a balanced mix of job opportunities and lifestyle appeal.
With favorable rent-to-income ratios, abundant entry-level jobs, and vibrant social scenes, the top 10 rental markets for college graduates are:
- Austin, Texas
- Bloomington, Minnesota
- Pittsburgh, Pennsylvania
- Raleigh, North Carolina
- Overland Park, Kansas
- Richmond, Virginia
- Scottsdale, Arizona
- Beaverton, Oregon
- St. Louis, Missouri
- Atlanta, Georgia
Property managers in and around these cities can capitalize on heightened end-of-semester demand by intensifying marketing efforts – and potentially targeting graduating students directly.
Alternatively, Fort Myers, FL, offers the best job market for those without college degrees, while Durham, NC, Lakeland, FL, and Stockton, CA are currently rental hotspots for out-of-towners.
Nationwide, the housing shortage and affordability crisis fuel high demand for rentals among recent graduates, presenting profitable opportunities for property managers in every corner of the country.
More tenant behavior headlines
Where are remote workers moving to? Wherever is affordable. – PayProp
The typical American moving to Texas is an unmarried millennial – Business Insider
Most renters want on-time rent payments factored into their credit scores – Fannie Mae
