ATTOM Data recently released their Q1 2024 Single-Family Rental Market report, which ranks the best U.S. markets for buying single-family rental properties in 2024. Among the findings; The report says the average annual gross rental yield on three-bedroom properties, (annualized gross rent income divided by purchase price) among the counties analyzed is projected to be 7.55% in 2024. That is up slightly from an average of 7.39% in those same markets in 2023 and marked the second year of rising projections after three years of declines. To get their data, ATTOM analyzed single-family rental returns in 341 U.S. counties with a population of at least 100k and sufficient rental & home price data.
“…The fact that so few homes are available for sale in many markets clearly further helped increase rental demand for landlords and boost their bottom lines.” Said Rob Barber, CEO at ATTOM
Click here to read the full report at ATTOM.
