Vacancies are low and there is a lot of demand to be in Riverside, its the best neighborhood for millennials in all of the USA.

Because, "hey we are millennials and we deserve housing.

This was unheard of 10 years ago - and I may catch a lot of heat for saying this here: among many other downtown projects, things like the new Hop streetcar contribute to the cool urban feel that attracts Millennials. 

This is the time of the millennial my friend.  

"Millennials showed especially strong increases in job confidence and income gains, a necessary precursor for increased housing demand from first-time home buyers."

Look at zillow, Clist, FB and other millennial rental sites.

And that's the reason why I keep buying houses under 300k - they are like bitcoin, finite supply.We have abou 300,000 millennials in the Milwaukee metro area, the oldest now turning 39 years old, that's 150,000 buyers (when married) and more and more of them are thinking about buying their first home.

I actually have several doctors, attorneys, and even one nationally syndicated radio personality that rents from us... but I don't expect most of these to be long term tenants.The biggest trend that I see today is the Millennial Generation.

I have one item to add for consideration:  Will falling gas prices spur the up to this time absent Millennials to take the plunge into home ownership in 2015?

(Not even close) We haven't raised rents on our extremely good, millennial tenants, but if it was on the open market I think it would get ~$1k.