Best U.S. Markets for Buying Residential Rental Properties in First Quarter of 2015

IRVINE, Calif. – Jan. 29, 2015 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its Q1 2015 Residential Property Rental Report, which ranks the best markets for buying residential rental properties in the first quarter of 2015.

“With homeownership rates at their lowest level in 20 years, historically low levels of housing starts and relatively low home prices in many parts of the country, there is still plenty of opportunity in the U.S. housing market for single family rental investors employing a variety of investing strategies,” said Daren Blomquist, vice president at RealtyTrac. “Whether focusing on markets where homeownership-shy Millennials are migrating, markets where recovering Gen X homeowners-turned-renters are prevalent, or markets Baby Boomers are testing for retirement, investors can find good options with solid potential rental returns.

“There are certainly markets where buying single family rentals no longer makes sense because of rapidly rising prices over the past few years,” Blomquist added. “Savvy single family rental investors will tread cautiously in such markets despite the siren song of strong home price appreciation.”

Our Comment "As expected Florida comes off with good rental returns all over the state. Sarasota gets an average Gross Yield of 9.35%. For most investors, the property is also partly used as a holiday home, which is why the location is very important, and with its long term desirability, we believe Florida wins out."

RealtyTrac®

Jan 29 2015View full Report