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ATTOM Data Solutions Ranks Best Counties for Buying Single Family Rentals in 2019
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2019 Mar 31, 4:57am 490 views 2 comments
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Patrick
2019 Mar 31, 9:56am
Patrick
2019 Mar 31, 9:56am
Yes, I was ranking houses for sale according to profitability as determined by the likely rent.
It was a good idea, but the problem was access to data.
It was a good idea, but the problem was access to data.
IRVINE, Calif. – March 14, 2019 — ATTOM Data Solutions, curator of the nation’s premier property database, today released its Q1 2019 Single Family Rental Market report, which ranks the best U.S. markets for buying single family rental properties in 2019.
The report analyzed single family rental returns in 432 U.S. counties each with a population of at least 100,000 and sufficient rental and home price data. Rental data was from the U.S. Department of Housing and Urban Development, and home price data was from publicly recorded sales deed data collected and licensed by ATTOM Data Solutions (see full methodology below).
View interactive map displaying SFR returns in all 432 counties analyzed
The average annual gross rental yield (annualized gross rent income divided by median purchase price of single-family homes) among the 432 counties was 8.8 percent for 2019, up from an average of 8.7 percent in 2018.
“Buying single-family homes to rent them out is a better deal for investors so far this year, than it was at the same time in 2018, as profit margins are rising in a majority of counties across the United States,” said Todd Teta, chief product officer at ATTOM Data Solutions. “Last year, at this time, investors were seeing returns drop in three-quarters of the counties that were analyzed. So far this year, those margins are up in six out of every 10 counties analyzed. But despite the generally rosier picture, profits vary widely and investing in the single-family home rental market is not always a great move. The typical bottom-line gain from county to county this year has ranged from as high as 29 percent to as little as 3 percent.”
More on each of the below plus the Interactive Map: https://www.attomdata.com/news/market-trends/attom-data-solutions-q1-2019-single-family-rental-market-report/
Counties in Baltimore, Macon, Vineland, Rockford, Detroit post highest rental returns
Rental returns increase from a year ago in over half of the counties analyzed
Counties in San Francisco, San Jose and New York post lowest rental returns
Rents rising faster than wages in 55 percent of markets
Best SFR growth markets in Cleveland, Columbia, Pittsburgh, Rockford, Atlanta
#RentalHousing #Investments #RealEstate