Data powerhouse ATTOM Data Solutions (parent company of RealtyTrac) recently released their Q1 2017 Single Family Rental Market report, which ranks the best U.S. markets for buying single family rental (SFR) properties in 2017. The average annual gross rental yield (annualized gross rent income divided by median purchase price of single family homes) among the 375 counties was 9% for 2017, down from an average of 9.1% in 2016. The report analyzed single family rental returns in 375 U.S. counties each with a population of at least 100k and sufficient rental and home price data, along with more than 6k zip codes with a population of 2,500 more and sufficient rental and home price data. Rental data was from the U.S. Department of Housing and Urban Development, and home price data was from publicly recorded sales deed data collected and licensed by ATTOM Data Solutions.
“…single family rentals should continue to yield strong returns in many parts of the country going forward given the market undercurrents of low rent-ready housing inventory and low homeownership rates…” Said Daren Blomquist, senior vice president at ATTOM Data Solutions.