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Best Cities To Buy Rental Property Us

Best places to buy Rental Property in the United States

Best places to buy
Rental Property in the United States

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Last updated on: 1st May, 2024

United States
82% of Americans responded that they only looked into one city before buying their first rental property. However, by exploring multiple places, you can gain a broader understanding of the real estate landscape, potentially leading to more informed and profitable investment decisions.

We have gathered up all the important real estate market indicators for you, so you don’t have to spend hours.

Our Methodologies …Read More

Appreciation Factors

We assume that the population, income growth, and property price trend are the most important factors. We are aware that there are a few other factors, mainly the crime rate and planned development projects. However, it is hard to quantify planned developments, so we did not include them here.
We assume that population and income growth will eventually catch up with property prices. So, if a city has had a rapid increase in investment property prices but population and income are growing slowly, then we assume that the property price will not grow as rapidly in the next five years.
  • 5 years of population growth
  • 5 years of income growth
  • 5 years of property price changes

Rental Yields

  • Rental Yield: Ratio between the average monthly rent as a single-family rental and the average property sold price for a 2-bedroom house.
  • Short-term rental Yield: Ratio between the average monthly short-term rental income and the average property sold price of a 2-bedroom house.
  • * Average Rental Yield in the United States is 8.5%
  • * Average Short Term Rental Yield in the United States is 14.5%

Top US Markets to Invest

Memphis-market-image

Memphis, TN

4x
$19K
Yearly
Revenue
20%
Net Rental
Yield
6.7%
Annual Appreciation
Orlando-market-image

Orlando, FL

3.9x
$26K
Yearly
Revenue
12%
Net Rental
Yield
10.7%
Annual Appreciation
South Bend-market-image

South bend, IN

3.9x
$23K
Yearly
Revenue
18.9%
Net Rental
Yield
6.5%
Annual Appreciation
Daytona Beach-market-image

Daytona beach, FL

3.7x
$24K
Yearly
Revenue
10%
Net Rental
Yield
10.8%
Annual Appreciation
Saint George-market-image

Saint george, UT

3.7x
$23K
Yearly
Revenue
10.8%
Net Rental
Yield
10.3%
Annual Appreciation
Hollywood-market-image

Hollywood, FL

3.6x
$33K
Yearly
Revenue
12.7%
Net Rental
Yield
8.7%
Annual Appreciation
Seminole-market-image

Seminole, FL

3.6x
$20K
Yearly
Revenue
9.3%
Net Rental
Yield
10.7%
Annual Appreciation
West Palm Beach-market-image

West palm beach, FL

3.6x
$25K
Yearly
Revenue
12.7%
Net Rental
Yield
8.7%
Annual Appreciation
McCall-market-image

Mccall, ID

3.6x
$33K
Yearly
Revenue
5.4%
Net Rental
Yield
13.5%
Annual Appreciation
Bradenton-market-image

Bradenton, FL

3.6x
$28K
Yearly
Revenue
10.9%
Net Rental
Yield
9.9%
Annual Appreciation
Largo-market-image

Largo, FL

3.6x
$21K
Yearly
Revenue
10.4%
Net Rental
Yield
10%
Annual Appreciation
Clearwater-market-image

Clearwater, FL

3.6x
$30K
Yearly
Revenue
10.9%
Net Rental
Yield
10%
Annual Appreciation
Sarasota-market-image

Sarasota, FL

3.5x
$29K
Yearly
Revenue
10.2%
Net Rental
Yield
9.9%
Annual Appreciation
Cocoa Beach-market-image

Cocoa beach, FL

3.5x
$33K
Yearly
Revenue
8.9%
Net Rental
Yield
10.7%
Annual Appreciation
Deerfield Beach-market-image

Deerfield beach, FL

3.5x
$30K
Yearly
Revenue
12.1%
Net Rental
Yield
8.7%
Annual Appreciation
Washington-market-image

Washington, UT

3.5x
$21K
Yearly
Revenue
9.7%
Net Rental
Yield
10.3%
Annual Appreciation
Mesa-market-image

Mesa, AZ

3.5x
$22K
Yearly
Revenue
9.1%
Net Rental
Yield
10.4%
Annual Appreciation
Port Saint Lucie-market-image

Port saint lucie, FL

3.5x
$23K
Yearly
Revenue
7.7%
Net Rental
Yield
11.5%
Annual Appreciation
Palm Coast-market-image

Palm coast, FL

3.5x
$26K
Yearly
Revenue
8.8%
Net Rental
Yield
10.8%
Annual Appreciation
Dennis-market-image

Dennis, MA

3.5x
$43K
Yearly
Revenue
13.4%
Net Rental
Yield
7.9%
Annual Appreciation
Kissimmee-market-image

Kissimmee, FL

3.4x
$23K
Yearly
Revenue
8.5%
Net Rental
Yield
10.7%
Annual Appreciation
Indian Rocks Beach-market-image

Indian rocks beach, FL

3.4x
$40K
Yearly
Revenue
8.9%
Net Rental
Yield
10%
Annual Appreciation
Indianapolis-market-image

Indianapolis, IN

3.4x
$21K
Yearly
Revenue
11.9%
Net Rental
Yield
8.3%
Annual Appreciation
Savannah-market-image

Savannah, GA

3.4x
$43K
Yearly
Revenue
13.1%
Net Rental
Yield
7.8%
Annual Appreciation
Fort Worth-market-image

Fort worth, TX

3.4x
$23K
Yearly
Revenue
8.6%
Net Rental
Yield
10.2%
Annual Appreciation
Madera-market-image

Madera, CA

3.3x
$30K
Yearly
Revenue
9.8%
Net Rental
Yield
9%
Annual Appreciation
Palm Beach-market-image

Palm beach, FL

3.3x
$29K
Yearly
Revenue
10.4%
Net Rental
Yield
8.7%
Annual Appreciation
Saint Augustine-market-image

Saint augustine, FL

3.3x
$33K
Yearly
Revenue
9%
Net Rental
Yield
9.5%
Annual Appreciation
Phoenix-market-image

Phoenix, AZ

3.3x
$25K
Yearly
Revenue
8.1%
Net Rental
Yield
10.4%
Annual Appreciation
Pompano Beach-market-image

Pompano beach, FL

3.3x
$28K
Yearly
Revenue
10.6%
Net Rental
Yield
8.7%
Annual Appreciation
Charlotte-market-image

Charlotte, NC

3.3x
$26K
Yearly
Revenue
9.6%
Net Rental
Yield
9.4%
Annual Appreciation
Cincinnati-market-image

Cincinnati, OH

3.3x
$21K
Yearly
Revenue
12.2%
Net Rental
Yield
7.4%
Annual Appreciation
Arlington-market-image

Arlington, TX

3.3x
$21K
Yearly
Revenue
8.4%
Net Rental
Yield
10.2%
Annual Appreciation
Reno-market-image

Reno, NV

3.3x
$24K
Yearly
Revenue
7%
Net Rental
Yield
11.2%
Annual Appreciation
Louisville-market-image

Louisville, KY

3.3x
$19K
Yearly
Revenue
14.1%
Net Rental
Yield
6.7%
Annual Appreciation
Knoxville-market-image

Knoxville, TN

3.3x
$23K
Yearly
Revenue
12%
Net Rental
Yield
7.9%
Annual Appreciation
Boise-market-image

Boise, ID

3.3x
$24K
Yearly
Revenue
4.6%
Net Rental
Yield
12.9%
Annual Appreciation
Tulare-market-image

Tulare, CA

3.2x
$26K
Yearly
Revenue
9.3%
Net Rental
Yield
9.1%
Annual Appreciation
Miami Beach-market-image

Miami beach, FL

3.2x
$42K
Yearly
Revenue
9.5%
Net Rental
Yield
8.7%
Annual Appreciation

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