HomeUnion, an online real estate investment management firm, has named the 10 worst housing markets for single-family rental home investors in the first quarter of 2017.
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Here are the 10 worst US housing markets for investment
HomeUnion, an online real estate investment management firm, has named the 10 worst housing markets for single-family rental home investors in the 1Q 2017.
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Here are the worst markets for real estate investing in the first quarter, based on first-year returns:
10. Portland, OR
Median Investment Home Price: $310,481
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YoY Change: 15.%
Cap Rate: 4.3%
Source: HomeUnion
9. Oakland, CA
Median Investment Home Price: $488,853
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YoY Change: 8.6%
Cap Rate: 4.2%
Source: HomeUnion
8. Salt Lake City, UT
Median Investment Home Price: $253,124
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YoY Change: 28.6%
Cap Rate: 4.2%
Source: HomeUnion
7. Sacramento, CA
Median Investment Home Price: $313,845
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YoY Change: 18.4%
Cap Rate: 4.0%
Source: HomeUnion
6. Seattle, WA
Median Investment Home Price: $439,212
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YoY Change: 26.9%
Cap Rate: 3.7%
Source: HomeUnion
5. San Diego, CA
Median Investment Home Price: $507,585
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YoY Change: 6.6%
Cap Rate: 3.6%
Source: HomeUnion
4. Los Angeles, CA
Median Investment Home Price: $546,177
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YoY Change: 9.0%
Cap Rate: 3.4%
Source: HomeUnion
3. Orange County, CA
Median Investment Home Price: $762,587
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YoY Change: 14.7%
Cap Rate: 3.0%
Source: HomeUnion
2. San Jose, CA
Median Investment Home Price: $928,355
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YoY Change: 12.8%
Cap Rate: 2.8%
Source: HomeUnion
1. San Francisco, CA
Median Investment Home Price: $1,118,702
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YoY Change: 9.7%
Cap Rate: 2.8%
Source: HomeUnion
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