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) in most of the 432 counties became 8.8 percent for 2019, up from an average of eight. Seven percent in 2018. “Buying unmarried-own family homes to lease them out is a higher deal for investors up to now this year 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 year, presently, investors had seen returns drop in three-quarters of the counties that had been analyzed. So far this year, those margins are up in six out of every ten counties analyzed. But despite the generally rosier photograph, earnings vary widely, and investing inside the unmarried-own family domestic apartment market isn’t always an awesome move. This year, the common bottom-line advantage from county to county has ranged from as excessive as 29 percent to as little as 3 percent.”
Baltimore, Macon, Vineland, Rockford, and Detroit counties 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 least 1 million were Cuyahoga County (Cleveland), Ohio (12. Zero percent); Allegheny County, Pennsylvania (10.9 percent); Cook County (Chicago), Illinois (nine. seven ratios); and Philadelphia County, Pennsylvania (nine. Four percent). Rental returns growth from a year ago in over half 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 percent); 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 a minimum of 1 million has been Sacramento County, California (up 12.2 percent); Orange County (Los Angeles), California (up 10.9 percentage); Dallas County, Texas (up to 10. Eight rates); 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. The Counties with the bottom capability annual gross condo yields for 2019 were San Mateo County, California, in the San Francisco metro area (three. Percent); 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 rate). Along with Santa Clara County, California, and Kings County, New York, the bottom capability annual gross condo yields amongst counties with a populace of a minimum of 1 million have been in Fairfax County (Washington, D.C. Metro location) Virginia (four. seven 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 percent 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, and 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.