Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Housing News

Top five most rewarding cities for being a landlord – report

Top five cities for landlording

We’ve said it for a long time now – renting is the new black. Rents are up, vacancies are down, and investors are making up more of the home buyer market than in recent years. The tides are turning and the natural real estate cycle is kicking back up – it will be a great time to be a landlord for a few years, then we’ll see people go back to buying homes, it’s all natural.

According to Local Market Monitor, the top five most rewarding cities for being a landlord are led by Houston, 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%

Advertisement. Scroll to continue reading.

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%

Investors looking to get into new cities, or to expand, the Texas and Oklahoma areas are reportedly hot right now with healthy job growth and rent increases.

Advertisement. Scroll to continue reading.

Tara Steele is the News Director at The American Genius, covering entrepreneur, real estate, technology news and everything in between. If you'd like to reach Tara with a question, comment, press release or hot news tip, simply click the link below.

1 Comment

1 Comment

  1. Brandon

    December 9, 2011 at 5:36 pm

    Realtors in these areas might not need social media marketing to promote their listings (because demand is so high) but in other areas it's truly a must. Grand Rapids was kind of a surprise, but I guess where there's jobs there's a demand for properties!

Leave a Reply

Your email address will not be published.

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Advertisement

KEEP READING!

Opinion Editorials

Quiet quitting is a phrase spreading like wildfire and it is already contentious and misunderstood. Let's discuss.

Business Entrepreneur

In theory, business owners know the value of customer service. But in reality, sometimes the bottom line tends to get more emphasis than the...

Business Entrepreneur

It's a long and winding road in life as an entrepreneur, from building from the ground up to sustaining success. Joy comes in the...

Tech News

Companies of all sizes still have clunky, hard-to-use websites - here's how to fix that and offer a quality online experience.

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.