Here are the top 10 investment markets for single-family rentals
“Like any other investment, the focus for SFR investors should be on long-term rate of return and each of the markets on this list has favorable rental yields, low-cost entry points and solid, long-term economic fundamentals,” said Don Ganguly, CEO of HomeUnion.
“Nationally, macro-economic factors, such as lower homeownership rates, are quite favorable for SFR investing, but real estate is still all about location and finding accessible markets that have low entry points, like Cincinnati and Birmingham, or high gross rental yields, like Milwaukee,” added Ganguly.
For creating the list, HomeUnion focused exclusively on non-owner occupied properties and used a combination of median prices of investment properties, year-over-year job growth, gross rental yield, and housing affordability.
Here’s the list of the top 10 SFR investment markets:
10. Nashville-Davidson-Murfreesboro-Franklin, Tennessee
9. Milwaukee-Waukesha-West Allis, Wisconsin
8. Indianapolis-Carmel-Anderson, Indiana
7. Tampa-St. Petersburg-Clearwater, Florida
6. Birmingham-Hoover, Alabama
5. Jacksonville, Florida
4. Cincinnati, Ohio-Kentucky-Indiana
3. Baltimore-Columbia-Towson, Maryland
2. Orlando-Kissimmee-Sanford, Florida
1. Charlotte-Concord-Gastonia, North Carolina-South Carolina
Source: housingwire.com
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