According to ATTOM Data Solutions Q1 2019 Single-Family Rental Market Report, the common annual gross condo yield within the U.S. (annualized gross hire profits divided by median purchase fee of unmarried-family houses) most of the 432 counties became 8.8 percent for 2019, up from an average of eight.7 percentage in 2018. “Buying unmarried-own family homes to lease them out is a higher deal for investors up to now this yr than it changed into at the equal time in 2018, as profit margins are growing in a majority of counties throughout America,” said Todd Teta, leader product officer at ATTOM Data Solutions. “Last yr, presently, investors had seen returns drop in three-quarters of the counties that had been analyzed. So far this yr, those margins are up in six out of every 10 counties analyzed. But despite the generally rosier photograph, earnings vary widely, and investing inside the unmarried-own family domestic apartment market isn’t always constantly a awesome move. The common bottom-line advantage from county to county this yr has ranged from as excessive as 29 percentage to as little as 3 percent.”
Counties in Baltimore, Macon, Vineland, Rockford, Detroit put up maximum condo returns Counties with the very best capability annual gross condominium yields for 2019 were Baltimore City, Maryland (24.Five percent); Bibb County, Georgia within the Macon metro region (21.Nine percentage); Cumberland, New Jersey, inside the Vineland-Bridgeton metro place (21.2 percentage); Winnebago, Illinois, within the Rockford metro location (17.1 percent); and Wayne County, Michigan inside the Detroit metro location (17.1 percentage). Along with Wayne County, Michigan, the best ability annual gross rental yields among counties with a populace of at the least 1 million were Cuyahoga County (Cleveland), Ohio (12.Zero percent); Allegheny County, Pennsylvania (10.9 percentage); Cook County (Chicago), Illinois (nine.7 percentage); and Philadelphia County, Pennsylvania (nine. Four percent). Rental returns growth from a yr ago in over half of of the counties analyzed Potential annual gross condo yields for 2019 increased as compared to 2018 in 248 of the 432 counties analyzed in the file (fifty-seven percent) led with the aid of Buncombe County, North Carolina inside the Asheville metro region (up 29.1 percent);
Santa Clara County, California inside the San Jose metro place (up to 24.Eight percentage); Henderson County, North Carolina, inside the Asheville metro area (up 24.6 percent); Erie County, Pennsylvania (up 24.3 percentage); and Muscogee County, Georgia inside the Columbus metro place (up to 23.Five percent). Along with Santa Clara County, California, the most important boom in potential annual gross rental yields for 2019 as compared to 2018 amongst counties with a population of as a minimum of 1 million have been Sacramento County, California (up 12.2 percent); Orange County (Los Angeles), California (up 10.9 percentage); Dallas County, Texas (up to 10.Eight percentage); and Kings County (Brooklyn), New York (up 10.6 percent). Counties in San Francisco, San Jose, and New York put up the lowest rental returns Counties with the bottom capability annual gross condo yields for 2019 was San Mateo County, California, in the San Francisco metro area (three.Four percentage); San Francisco County, California (3.7 percent); Marin County, California, also within the San Francisco metro area (four.Zero percent); Santa Clara, California, in the San Jose metro vicinity (4.2 percentage); and Kings County (Brooklyn), New York (4.Three percentage). Along with Santa Clara County, California, and Kings County, New York, the bottom capability annual gross condo yields amongst counties with a populace of as a minimum of 1 million have been in Fairfax County (Washington, D.C. Metro location) Virginia (four.7 percentage); Queens County, New York (4.Eight percentage); Alameda County (San Francisco metro area), California (four.Nine percent); and Orange County (Los Angeles metro place), California (5.0 percentage). Rents rising faster than wages in fifty-five percentage of markets Rents rose quicker than wages in 236 of the 432 counties analyzed (fifty-five percent), along with Los Angeles County, California; Harris County (Houston), Texas; Maricopa County (Phoenix), Arizona; San Diego County, California; and Orange County, California. Wages rose quicker than rents in 196 of the 432 counties analyzed (45 percent), such as Cook County (Chicago), Illinois; Kings County, New York; Queens County, New York; Clark County (Las Vegas), Nevada; and Tarrant County (Dallas-Fort Worth), Texas. Best SFR boom markets in Cleveland, Columbia, Pittsburgh, Rockford, Atlanta The report recognized 98 “SFR Growth” counties where average wages grew during the last 12 months and with potential 2019 annual gross condominium yields of 10 percent or higher. The 98 SFR Growth markets blanketed Wayne County (Detroit), Michigan; Cuyahoga County (Cleveland), Ohio; Allegheny County (Pittsburgh), Pennsylvania; Milwaukee County, Wisconsin and Marion County (Indianapolis), Indiana.