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| Daren Blomquist |
IRVINE, CA — RealtyTrac®
(www.realtytrac.com), the nation’s leading source for comprehensive housing
data, released its Q1 2016 Single Family Rental Market Report, which ranks the
best markets for buying residential rental properties in 2016.
The report analyzed single
family rental returns in 448 U.S. counties each with a population of at least
100,000 and sufficient rental and home price data.
Rental data was from the
U.S. Department of Housing and Urban Development, and home price data was from
publicly recorded sales deed data collected and licensed by RealtyTrac markets.
“Rapidly rising home
prices and tepid wage growth have dampened single family rental investment
returns and growth potential in many markets, but there are still plenty of
solid opportunities available for real estate investors willing to cast a wider
geographic net,” said Daren Blomquist,
senior vice president at RealtyTrac.
“Rents are rising faster than median home
prices in 45 percent of the markets analyzed — indicating continued strong
demand for rentals in those markets — while annual wage growth is outpacing
rent growth in 43 percent of the markets — indicating room for rising rental
returns in those markets.”
For a complete copy of the company’s news release,
please contact:
Jennifer von Pohlmann
Sr. Public Relations
Manager
Office: 949.502.8300 ext
139
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