top 5 cities for landlording – yep, DFW rocks!

rents are up, vacancies are down, and investors are making up more of the home buyer market than in recent years.  ‘normal’ real estate will return, inevitably, however it will be a great time to be a landlord for a few years nonetheless.  according to Local Market Monitor, the top five most rewarding cities for being a landlord are based on home prices, area economy and rents and ranked by job growth. 

1. Houston, TX

Projected 3-year rent increase: 18%
Q2 home price: $174,000
Current monthly rent: $818
Annual job growth: 2.5%

2. Grand Rapids, MI

Projected 3-year rent increase: 15%
Q2 home price: $128,000
Current monthly rent: $785
Annual job growth: 2.4%

3. Rochester, NY

Projected 3-year rent increase: 25%
Q2 home price: $148,000
Current monthly rent: $785
Annual job growth: 2.3%

4. Dallas, TX

Projected 3-year rent increase: 16%
Q2 home price: $166,000
Current monthly rent: $877
Annual job growth: 2.2%

5. Tulsa, OK

Projected 3-year rent increase: 19%
Q2 home price: $146,000
Current monthly rent: $671
Annual job growth: 1.8%

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s