I'm looking to add Brownsburg and Greensfield to my submarkets

[Jason Malabute]

I'm looking to add Brownsburg and Greensfield to my submarkets list. How do you feel about these markets from a multifamily perspective? I am intrigued in these markets due to economic and population growth like:

Greenfield, IN = population grew 16.5372% since 2010

Brownsburg, IN = population grew 141.2638% since 2010

I heard they are building distribution facilities in Greenfield which is great for local economy.
Would you agree both Greenfield and Brownsburg are B/C+ areas?

[Tyler Lingle]

Hey Jason! 

Brownsburg is highly suburban and will have very very few multifamily properties. 

Greenfield is an older town and does have more multifamily housing stock. Over the medium term it seems to be a solid bet. Although their recent job growth was actually negative when I pulled some data. In the long haul they will likely get connected to Indianapolis via suburb sprawl, but their job growth doesn't necessarily make me bullish on them for rental turnover and overall appreciation. 

Bburg is a B+ area and Greenfield is B, in my experience in both places. 

Hope this helps!