Now Is A Good Time To Buy Rental Properties In Salt Lake
Salt Lake County Rental Rates have risen and are expected to rise again. Along with the money tightening and the endless stream of what would be first time home buyers, that enter the market every year they are now going into the rental pool. That along with inventory on the rise there are definitely good deals to made.
Another factor is our employment, not many people will be leaving the area, in fact immigration continues because of our employment growth, we will fair the real estate market pretty well.
Change In Rates By Types Of Unit - Salt Lake County
Overall Rental And Vacancy Rates In 2006 By Type Of Apartment Unit
Rental and Vacancy rates By Location of Apartment Communities - 2006
Single Family Rates and Vacancies
This data above is for apartment communities, mainly because there is no real central data base for single family rental units in Salt Lake County. However houses if they are clean and in repair will pretty much mirror this data in percentages of vacancies.
Just like the first table above, rents on the East are little higher than the West side, however the acquisition cost on the West is disproportionally lower, making the ROI higher.
For information on
determining the value of a rental property complete with a spread sheet to download.
"Don't Wait To Buy Real Estate, Buy Real Estate and Wait"
The above tables are from Commerce CRG
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