As the country continues to try to climb out of the financial hole dug during one of the worst recessions in U.S. history, several investors are turning to the rental market for big returns.
According to a recent report by RealtyTrac, “a leading source for comprehensive housing data”, rental property in America posted an average annual return of 9.06% in the third quarter of 2014. Although that number is down slightly from the number posted in the same quarter a year ago, it is a fairly significant rate of return for landlords.
In all, RealtyTrac analyzed over 580 counties across the U.S. The biggest returns – 19% on average – were found in high-risk, high-yield markets where unemployment rates and vacancy rates are higher than the national average.
Below is the list of the top ten rental markets in the country based on annual gross rental yields, courtesy of RealtyTrac and USA Today:
- Hernando County, Florida
- Pasco County, Florida
- Columbia County, Florida
- Wayne County, Michigan
- Spalding County, Georgia
- Putham County, Florida
- Howard County, Indiana
- Duplin County, North Carolina
- Clayton County, Georgia
- Edgecombe County, North Carolina
Find a Rental Home That’s Right for You
Looking for a fresh start in a new city and need a new apartment? Is your employer asking you to relocate and you’re now in the market for a new place? Good news! Rent It Today provides listings of available apartments, condos, houses, and townhomes for rent. To view a list of available units, visit www.rentittoday.com today!