From HousingWire today...Goldman Sachs just nailed millennial homebuyingPublishes animated graph day before housing conferenceJacob GaffneyMarch 4, 2015 Wow.

A few reasons:new constructions is half of what it was at its peak in the mid 1990's creating a scarce of inventorycentral Ohio economy is booming (you can pick up the Dispatch and read about it on a daily basis)central Ohio population set to increase by 1 million by 2050 (already largest city in Ohio, and 14th largest in nation)Columbus #3 city in country for percentage of population in millennial age groupColumbus #1 fastest growing city for millennial population age groupIn short, economy is strong, and homes like the ones you own aren't being constructed at a rate to even put a dent in demand.It's a good time to own property here and to acquire it!

I agree with most of this, but I don't think millennials will move to the burbs at the same rate as previous generations have.  

(Afterall, many "Millennials" just aren't buyin' these days!)

This is a millennial way of thinking and I want to keep current with my tenants ideas.

I've written about this migration pattern extensively here on BP:https://www.biggerpockets.com/forums/621/topics/396725-millennial-migration-to-sacramento-2017---here-comes-the-rushEvery week I analyze every single 2-4 unit multifamily property from Placer county all the way down to Merced, and here are the numbers you can expect from the better performing properties here in Sacramento county:PRICE: ~$306k25% DOWN: ~ $76.5kMONTHLY RENTS: ~$2,250ANNUAL RENTS: ~$27,000PITI @ 5% w/ 25% DOWN: ~$1,640PITI CASHFLOW MONTHLY: ~$610PITI CASHFLOW YEARLY: ~$7,3201% TEST: 0.74%GROSS ANNUAL YIELD: 8.92%PITI CASH ON CASH RETURN: 9.95%If you ever have any questions, or simply want to reach out and connect with other local investors and real estate professionals, simply join the conversation already going on in the local forums here on Bigger Pockets for Sacramento:https://www.biggerpockets.com/forums/621-sacramento-real-estate-forumFeel free to reach out if you have any questions about the Sacramento market, and best of luck!

Learned a new Millennial term today - house hacking.

As my generation ages and start their family (ie Millennials) they will want a more suburban lifestyle which you will find in spades in the SFV.

Certain parts of Lancaster have been/are being revived with lots of interest from millennial renters (i.e. hipsters).  

@Wes Blackwell thanks for the encouraging comments, I'm in the market research phase right now so I'm still narrowing it down and as I said I'm new to the Sacramento area, but I'm thinking that I want to be close enough to downtown/midtown area that the property will still attract the millennial crowd that has been migrating this way but not so close that price dilutes my returns, because, from what I'm seeing, fourplexes around here are about 400k turn key.