10 Popular Rental Markets in 2017

A recent article on Business Insider reported the following rental property markets as the ones with the most growth in 2017. This information is based on the National Single-Family Rental Research Report by HomeUnion, using a ranking methodology of looking at single-family residences specifically, and measuring each area’s capitalization rates, projected job opportunity growth and entry prices. The methodology also penalized real estate markets with many new developments as those represent an increased level of competition.

Atlanta, GA

Job growth projection for 2017: 2.8%

Rental growth projection for 2017: 3.5%

Why it made the list: Strong job growth rates, declining vacancy, and manageable entry prices

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Orlando, FL

Job growth projection for 2017: 3.2%

Rental growth projection for 2017: 3.5%

Why it made the list: Single-family residencies and tourism industry.

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Seattle, WA

Job growth projection for 2017: 3.3%

Rental growth projection for 2017: 3.5%

Why it made the list: Strong job growth and strong price growth on single-family residential properties.

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Las Vegas, NV

Job growth projection for 2017: 2.7%

Rental growth projection for 2017: 3.1%

Why it made the list: Above average presence of renters, high job growth forecast in 2017 and revitalized gaming industry.

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Chicago, IL

Job growth projection for 2017: 1.2%

Rental growth projection for 2017: 1.9%

Why it made the list: Strong occupancy rates and solid rental market growth

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San Diego, CA

Job growth projection for 2017: 2.5%

Rental growth projection for 2017: 3.5%

Why it made the list: Growing tech. and biotech sectors helps job growth, leveraged investors expect to see properties appreciate in value

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Oakland, CA

Job growth projection for 2017: 2.9%

Rental growth projection for 2017: 4.4%

Why it made the list: Strong rent growth, economic expansion, and prohibitively high prices in neighboring San Francisco make residents move to Oakland from the City and the Peninsula

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Detroit, MI

Job growth projection for 2017: 2.1%

Rental growth projection for 2017: 2.7%

Why it made the list: Recovering manufacturing sector led by the automotive industry.

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Dallas, TX

Job growth projection for 2017: 2.9%

Rental growth projection for 2017: 3.5%

Why it made the list: First-time buyers are priced out of ownership, but stable job growth keep them renting

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Memphis, TN

Job growth projection for 2017: 1.3%

Rental growth projection for 2017: 1.8%

Why it made the list: High yields and low entry prices

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