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%
According To Cole 