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December 3, 2016

7 Top Markets for Single-Family Rentals

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7 Top Markets for Single-Family Rentals

Single-family rentals are proving to be a stellar investment across the country as rental prices continue to rise.

The online real estate investment firm Home Union recently projected which of 44 single-family rental markets across the country will likely see the most growth in rents this year.

Here are the top seven:  

1. San Jose, Calif.

  • Projected growth in single-family rents for 2016: 7.3%
  • 2016 projected average monthly rent: $3,459

2. Orlando, Fla.

  • Projected growth in single-family rents: 6.1%
  • 2016 projected average monthly rent: $1,348

3. Seattle

  • Projected growth in single-family rents: 5.9%
  • 2016 projected average monthly rent: $4,191

4. San Francisco

  • Projected growth in single-family rents: 5.4%
  • 2016 projected average monthly rent: $4,451

5. San Diego

  • Projected growth in single-family rents: 5.4%
  • 2016 projected average monthly rent: $2,307

6. Denver

  • Projected growth in single-family rents: 5.4%
  • 2016 projected average monthly rent: $1,834

7. Charlotte, N.C.

  • Projected growth in single-family rents: 5.3%
  • 2016 projected average monthly rent: $1,133

View the full top 10 list at the National Real Estate Investor website.

Source: “10 Cities with Fastest Growing Single-Family Home Rents,” National Real Estate Investor (March 18, 2016)