Investing in single-family homes as rental properties is still lucrative, especially in markets with job growth in low wage professions, population growth, and lower average home prices.
HomeVestor has compiled a list of the top 10 markets for investment—and nine risky markets to steer clear of—based off their own data and Local Market Monitors.
Fourth quarter data shows that investing in single family homes as rental properties is still a good bet in many markets, particularly in Texas and Oklahoma with their low unemployment rates and ability to profit for year from new shale oil and gas development.
TOP 10 MARKETS FOR INVESTMENT:
- Fort Worth, Texas
- Dallas, Texas
- Charlotte, N.C.
- Nashville, Tenn.
- Atlanta, Ga.
- Orlando, Fla.
- Las Vegas, Nev.
- Boise City, Okla.
TOP 9 RISKY MARKETS (all listed as “speculative”)
- Los Angeles, Calif.
- Gary, Ind.
- Providence, R.I.
- Buffalo, N.Y.
- Toledo, Ohio
- Cleveland, Ohio
- Birmingham, Ala.
- Detroit, Mich.
- New Haven, Conn.
These markets continue to have weak population and job growth that makes them risky investments.
SOURCE: PR Newswire “HomeVestors Names Year-End Top 10 Real Estate Markets”
Learn more about markets featured in this article: Dallas, TX, Las Vegas, NV, Orlando, FL, Charlotte, NC, Los Angeles, CA, Atlanta, GA.
