Best U.S. Investment Markets for Single Family Rentals in 2018 Revealed

ATTOM Data Solutions has just released this week their Q1 2018 Single Family Rental Market Report, which ranks the best U.S. markets for buying single family rental properties in 2018. According to the report, the average annual gross rental yield (annualized gross rent income divided by median purchase price of single family homes) among the 449 counties was 8.9 percent for 2018, down from an average of 9.2 percent in 2017. "Despite declining returns in many areas, the single-family rental market continues to grow thanks to more activity by smaller and middle-tier investors," said Daren Blomquist, senior vice president at ATTOM Data Solutions. "The biggest increase in market share over the past year has come among investors owning six to 10 single family rentals, followed by those owning between 11 and 100 rentals. These smaller to mid-tier investors are benefitting from newfound efficiencies in acquisition, financing and property management that allow them to buy outside their backyard in areas with higher potential returns, and to leverage their money to buy more properties."