Seattle Tacoma Bellevue Area Among The Best Markets In The US For Real Estate Investors

Seattle Tacoma Bellevue Area Among The Best Markets In The US For Real Estate Investors

DAILY REAL ESTATE NEWS | WEDNESDAY, SEPTEMBER 14, 2016

With competition stiff for a limited number of entry-level homes, investors are finding the single-family rental market to be strong for consumers who are opting to continue renting rather than buy.

"An increasingly competitive home buying market bodes well for the single-family rental market relative to both demand and rental rate increases," says Wally Charnoff, CEO of RentRange Data Services.

In a new report, RentRage, a housing market data analytics firm, ranks the top 25 U.S. markets for rental rate rises on single-family homes between the second quarters of 2015 and 2016. California and Florida dominated the top 25 list. The states are seeing some of the largest increases in home values and in rental demand.

The following are the markets with the largest year-over-year rental rate increases:

  1. Cape Coral-Fort Myers, Fla.: 26.1% annual rent gain

  2. New Orleans-Metairie-Kenner, La.: 20.6%

  3. Seattle-Tacoma-Bellevue, Wash.: 16.6%

  4. Deltona-Daytona Beach-Ormond Beach, Fla.: 15.7%

  5. Port St. Lucie, Fla.: 15.2%

  6. Knoxville, Tenn.: 14.9%

  7. Syracuse, N.Y.: 14.8%

  8. Huntsville, Ala.: 14.4%

  9. Charleston-North Charleston, S.C.: 13.7%

  10. Santa Barbara-Santa Maria-Goleta, Calif.: 13.1%

  11. Nashville-Davidson-Murfreesboro-Franklin, Tenn.: 13%

  12. Pittsburgh: 12.6%

  13. Atlanta-Sandy Springs-Marietta, Ga.: 12.3%

  14. San Francisco-Oakland-Fremont, Calif.: 12%

  15. Little Rock-North Little Rock-Conway, Ark.: 11.6%

Source: Altisource.com


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Dated: September 14th 2016
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