Housing data provider RealtyTrac released their Q1 2016 Single Family Rental Market Report which ranks the best markets to residential rental properties. Analyzing government data from 448 counties with at least 100k people, the reports rankings are based on potential annual gross rental yield (monthly rent, annualized, divided by median home price) as well as projecting future growth in selected areas.
“…there are still plenty of solid opportunities available for real estate investors willing to cast a wider geographic net….Rents are rising faster than median home prices in 45 percent of the markets analyzed — indicating continued strong demand for rentals in those markets — while annual wage growth is outpacing rent growth in 43 percent of the markets — indicating room for rising rental returns in those markets.” said Daren Blomquist, senior vice president at RealtyTrac.
