Best markets to become an owner

While rising home prices have dampened returns of landlords in some markets, other markets still offer many benefits.

And while the increase in home prices have dampened returns of landlords in some markets, other markets still offer many benefits, according to RealtyTrac, which has analysed rental market conditions in 370 main counties in the United States, including the median prices of homes, average rents and unemployment rate.

Major housing markets for investors in rental proipertiesWashington, D.C./Arlington, va. Source: RealtyTrac Act sales house prices data and local multiple listing Services. of the United States Department of Housing and Urban development fair market rents; unemployment data retrieved from Bureau of Labor Statistics of the US Labor Department.

For example, the owners in Anderson County, S.C., who rent out a median priced three bedroom home would be averaged returns of 15.3% - well above the average of 10%, RealtyTrac found. This is because the houses here are cheap at a median of less than $70,000, so that rents an average of $900 per month.

Houses a University and several auto parts makers for BMW, Anderson is part of the agglomeration of Greeneville and has a low unemployment rate of 4.3%, meaning demand is expected to continue to strengthen and help to add to future profits.

Related: Buy or rent: what you'll pay in 10 cities

Other sectors which offer to bang owners more for their money, which include County of Woodbury. Median prices of homes in the region, which includes the conurbation of the city of Sioux, were a low $ 84 250 so that rents averaged $914 per month. That translates into a rental return of about 13% to the owners.

While the low unemployment rate is owners a factor must find all in assessing a market, RealtyTrac has also suggested that investors take the demographics of an area has also, especially when it comes to baby boomers and generation y.

"Many individuals in two of these demographic groups are at the heart of the life of great changes that often involve changes in housing, something that smart real estate investors should take into account when you decide when and where to buy or sell," said Daren Blomquist, vice president of RealtyTrac.

Markets where these populations are booming should produce solid returns for investors in the future, he said.

Related: Villas for sale, dream Beach

For baby boomers, born between 1945 and 1964, the easy retirement in Florida markets are predictable hot, RealtyTrac found. Some local markets have seen their boomer populations grow by 20% or since 2007.

The Tampa-St. Petersburg - Clearwater, Florida, metropolitan area in top of the list among the markets where rentals boomers are... EH well, booming.

 

Markets millennia, on the other hand, were scattered throughout the country. RealtyTrac cited metropolitan areas, Baltimore, Philadelphia, Jacksonville, Florida and Atlanta as major markets for rental for this age group.

Several small markets are also good Millennium Paris as Fayetteville, North Carolina and Virginia Beach/Newport City News, Virginia.

First published: 3 July 2014: 3 pm 41 et