The Top Towns for Real Estate Investors
The Top Markets for Real Estate Investors
May 9, 2016
While lack of starter home inventory and difficulty getting mortgages may mean more renting for millenials, the door is wide open for SFR investors seeking lucrative investment property opportunities. With the help of RentRange data, investors are now able analyze markets anywhere in the country. Even small investors now have the opportunity to invest and see notable profits inside or outside of their home market. Florida markets dominated the top 10 spots, but New York, Louisiana, Wisconsin and South Carolina markets also made the cut with impressive rental increases compared to last year. While these markets weren’t the top for rental increase, gross yields were highest in Syracuse, NY and New Orleans-Metairie-Kenner, LA. See what CNBC had to say about the top 10 markets.
Millennials are finally moving into their homebuying years, but with precious few starter houses available for sale, a growing number of these buyers are choosing to rent single-family homes. That is a big opportunity for investors overall, especially in markets seeing the greatest rent growth — and some of those markets are surprising.