ATTOM Data Solutions Ranks Best Counties For Buying Single Family Rentals In 2018
Summary
"Despite declining returns in many areas, the single-family rental market continues to grow thanks to more activity by smaller and middle-tier investors," said Daren Blomquist, senior vice president at ATTOM Data Solutions."The single-family rental market in Seattle remains strong, which is a good thing for the people who own the rentals, but not so good for tenants as rents continue to escalate," said Matthew Gardner, chief economist with Windermere Real Estate , covering the Seattle market."Demand for these single family rentals is helping to push up home prices faster than rents in the majority of Ohio markets, indicating that the opportunity may not be as stellar in future years."Rental returns were calculated using annual gross rental yields: the 2016 50 th percentile rent estimates for three-bedroom homes in each county from the U.S. Department of Housing and Urban Development (HUD), annualized, and divided by the median sales price of residential properties in each county.Related Links IRVINE, Calif., March 22, 2018 /PRNewswire/ -- ATTOM Data Solutions , curator of the nations premier property database, today released its Q1 2018 Single Family Rental Market report, which ranks the best U.S. markets for buying single family rental properties in 2018.