Here are the 9 best US housing markets for investment

pulse

May 11, 2017 4:58 PM

HomeUnion, an online real estate investment management firm, has named the top 9 best housing markets for single-family rental home investors in the 1Q 2017.

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HomeUnion, an online real estate investment management firm, has named the nine best housing markets for single-family rental home investors in the first quarter of 2017.

Here are the top markets for real estate investing in the first quarter, based on first-year returns:

9. Pittsburgh, PA

Median Investment Home Price: $95,489

YoY Change: -4.5%

Cap Rate: 8.0%

Source: HomeUnion

8. St. Louis, MO

Median Investment Home Price: $96,412

YoY Change: 8.3%

Cap Rate: 8.1%

Source: HomeUnion

7. Indianapolis, IN

Median Investment Home Price: $101,948

YoY Change: 6.5%

Cap Rate: 8.1%

Source: HomeUnion

6. Oklahoma City, OK

Median Investment Home Price: $97,960

YoY Change: 22.4%

Cap Rate: 8.2%

Source: HomeUnion

5. Richmond, VA

Median Investment Home Price: $121,682

YoY Change: 5.8%

Cap Rate: 8.2%

Source: HomeUnion

4. Memphis, TN-MS-AR

Median Investment Home Price: $86,975

YoY Change: 1.1%

Cap Rate: 8.5%

Source: HomeUnion

3. Columbia, SC

Median Investment Home Price: $94,372

YoY Change: 4.9%

Cap Rate: 8.6%

Source: HomeUnion

2. Cincinnati, OH

Median Investment Home Price: $87,092

YoY Change: 11.4%

Cap Rate: 9.8%

Source: HomeUnion

1. Cleveland, OH

Median Investment Home Price: $75,512

YoY Change: 16.2%

Cap Rate: 11.5%

Source: HomeUnion

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