RealtyTrac’s Q1 2015 Residential Property Rental Report
, which ranks the best U.S. markets for buying residential rental properties in the first quarter of 2015, found that rental returns are the highest in Clayton County, Georgia (25.83 per cent), which is in the Atlanta metro region.
This was followed by Bibb County, Georgia, in the Macon metro area, at 22.33 per cent; Baltimore City, Maryland, at 20.99 per cent; Richmond City, Virginia, at 20.42 per cent; and Wayne County, Michigan, in the Detroit metro area, at 19.34 per cent.
“With homeownership rates at their lowest level in 20 years, historically low levels of housing starts and relatively low home prices in many parts of the country, there is still plenty of opportunity in the U.S. housing market for single-family rental investors employing a variety of investing strategies,” said Daren Blomquist, vice president at RealtyTrac.
Look out for the March/April issue of Canadian Real Estate Wealth magazine
, which will feature a full report on investing in the U.S. residential real estate market.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Port McNeill, Clandonald, Crowsnest Pass, Napan Bay, North Harbour
Cities in Atlanta, Georgia, Maryland, Michigan and Virginia offer U.S. real estate investors the highest potential rental returns, according to a new report.