Are you interested in investing in the housing market but don't know where to start? ATTOM Data Solutions has released its analysis of the 2023 Best/Worst Counties for Single-Family Rentals, and the DC Metro area is on the list. While Loudoun, Fairfax, and Montgomery counties may have lower rental yields, the region's housing market has many positive aspects that make it a fantastic investment opportunity
Looking outside the DC Metro area, ATTOM Data Solutions analyzed 212 U.S. counties with a population of at least 100,000 and sufficient rental and home price data. The analysis looked at median rents on 3-bedroom properties, median single-family home prices collected from ATTOM's nationwide property database, and publicly recorded sales deed data.
According to the analysis, Indian River County, FL, Collier County, FL, and Wayne County, MI have the highest potential annual gross rental yields. If you're looking for a location that has seen the most increased returns from 2022-2023, Orange County, CA, San Mateo County, CA, and Suffolk County (Boston), MA, top the list. However, Santa Clara County, CA, San Mateo County, CA, and Utah County, CA, have the lowest potential annual gross returns.
When it comes to the DC Metro area, Loudoun County, VA, Fairfax County, VA, and Montgomery County, MD, have the lowest potential annual gross returns. But don't let that deter you from investing in the region. The DC Metro area has many positive aspects, including a strong job market and proximity to major cities, that make it a great investment opportunity.
There are many great investment opportunities in the U.S. housing market. While some counties may have higher rental yields than others, it's important to look at the bigger picture and consider all aspects of a region's housing market. If you're interested in learning more about the 2023 Best/Worst Counties for Single-Family Rentals, check out ATTOM Data Solutions' analysis at https://bit.ly/40nfwZO.
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