Friday
October 31, 2014

10 Top Markets for Investor Buyers

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10 Top Markets for Investor Buyers

RealtyTrac recently released a study revealing some of the best markets for highest returns when becoming a rental-housing landlord of single-family homes. The following 10 markets emerged on top of its list:

1. Memphis, Tenn.
Median sales price of a 3-bedroom home: $72,605
Average rent for a 3-bedroom home: $1,047

2. Saginaw, Mich.
Median sales price: $63,240
Average rent: $907

3. Toledo, Ohio
Median sales price: $67,617
Average rent: $963

4. Ocala, Fla.
Median sales price: $75,357
Average rent: $1,070

5. Las Vegas
Median sales price: $115,000
Average rent: $1,575

6. Palm Bay, Fla.
Median sales price: $91,950
Average rent: $1,248

7. Atlanta
Median sales price: $84,000
Average rent: $1,132

8. Jacksonville, Fla.
Median sales price: $90,000
Average rent: $1,198

9. Deltona, Fla.
Median sales price: $94,000
Average rent: $1,225

10. Springfield, Mo.
Median sales price: $75,102
Average rent: $969

Source: “Bang for the Buck: Where Investing in Rental Homes Is Most Profitable,” The Wall Street Journal (April 4, 2013)

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