The Top 10 Fastest Growing Rental Markets In The Us 2022
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Loading... - Samantha Elliot
- 13 Apr 2022
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Investing in up-and-coming cities is an excellent way to increase your profits in real estate. In this article, we will look at some of the best locations to look into this year for traditional rental properties.
Where Is Real Estate Booming? Here Are the Top 10 Fastest Growing Rental Markets
Traditional rental properties provide a consistent income stream for investors looking to make money in real estate. Listed below are the top 10 fastest growing rental markets in the US where investors can take advantage of a real estate boom and expand their portfolio.
1. Austin, Texas
§ Number of Listings for Sale: 250
§ Median Property Price: $808,163
§ Average Price per Square Foot: $467
§ Number of Traditional Listings: 2,964
§ Monthly Traditional Rental Income: $2,118
§ Traditional Cash on Cash Return: 0.84%
§ Traditional Cap Rate: 0.86%
§ Price to Rent Ratio: 32
§ Days on Market: 60
§ Walk Score: 50
Austin, Texas is one of the fastest growing real estate markets in 2022. The city would be an excellent place to invest in a traditional rental property. People of all ages are drawn to the city for the schools, such as the University of Texas, and local business opportunities. There are plenty of things to do downtown, including shopping, restaurants, and entertainment.
Austin’s year-round warm weather attracts people looking to escape the winter months on the East Coast. The city’s real estate data shows promising investment opportunities in the next few months. Explore the different neighborhoods in the area to find the most successful traditional rental property.
2. Raleigh-Durham, North Carolina
§ Number of Listings for Sale: 2,492
§ Median Property Price: $613,375
§ Average Price per Square Foot: $162
§ Number of Traditional Listings: 1,818
§ Monthly Traditional Rental Income: $1,866
§ Traditional Cash on Cash Return: 2.07%
§ Traditional Cap Rate: 2.12%
§ Price to Rent Ratio: 27
§ Days on Market: 63
§ Walk Score: 32
Next up on our fastest growing rental markets in the US is Raleigh-Durham, North Carolina. Raleigh-Durham is a rising real estate market as students are moving to the area to attend one of the many universities in the city. North Carolina offers plenty of opportunities for employment. Some of the biggest companies in the area include Amazon and Apple. The two businesses combined create thousands of job opportunities in the area.
Raleigh-Durham would be an excellent option for investing in a traditional rental property as people are constantly looking for a long-term place to stay. Whether they are students or people relocating for work, it is likely your property will attract renters any time of the year. Find plenty of traditional listings for sale for you to begin your investment journey.
3. Orlando, Florida
§ Number of Listings for Sale: 658
§ Median Property Price: $499,170
§ Average Price per Square Foot: $273
§ Number of Traditional Listings: 2,553
§ Monthly Traditional Rental Income: $1,906
§ Traditional Cash on Cash Return: 2.41%
§ Traditional Cap Rate: 2.49%
§ Price to Rent Ratio: 22
§ Days on Market: 49
§ Walk Score: 42
Another one of the best housing markets in the US is Orlando, Florida. Orlando offers an endless amount of attractions, including Disney World, Sea World, and Universal Studios. People are looking to move to the area to be close to all of the action year-round.
Orlando is one place to look for traditional rental properties because families are always looking to move to the area with their kids. Additionally, the amusement parks in the city offer plenty of job opportunities to people looking for a long-term place to stay. Read More…
