Get ’em while they’re hot….HomeUnion recently released their list of the 40 best metro areas to buy rental properties this winter. They report that, on average, SFR investors paid 6.6% less per square foot for the same property during the winter of 2017/2018 as they did during 2017’s spring & summer buying season. Indeed.
“For the second year in a row, our study found that the wintertime is the best season to acquire rental properties,” explains Steve Hovland, director of research for HomeUnion. “Median home prices drop substantially during the colder months, while rent losses remain marginal for landlords.
Below are 10 of the 40 best metro areas to buy rental properties in the wintertime: