In a recently released rental property report, RIS Media showcased the report of RealtyTrac - the country’s principal source for comprehensive housing data. This Residential Property Rental Report for the first quarter of 2015 ranks the best markets for purchasing residential rental properties.
This report ranked Atlanta as one of the best US market for buying all sorts of rental properties. This report analyzed the markets that have the biggest potential for buying rental properties. As the report suggests, the median list price in Atlanta is now $184,900. Apart from Atlanta metro area, markets with the highest potential rental returns include Clayton County, GA, Bibb County, Baltimore City, Richmond City and Detroit Metro area,. The report suggests that Seattle is one of the most popular places for renting to Millennials, thanks to the growth of companies like Amazon, Twitter, Facebook, Apple and Google. On the other hand, Ohio is a place that attracts people of different age groups, with different income.
According to the report, Atlanta metro area’s Clayton County, Ga. showed the highest potential rental returns to the tune of 25.83%. Atlanta was also mentioned to be a favorable market for Gen Xers with the highest annual rental returns.
This trend of Atlanta being featured as an ideal place for buying rental property isn’t a sudden trend. In 2014, the National Housing Trend Report showed the median list price in the city as $184,900, which was 12.1% more than the previous year. This placed Atlanta under the national median list price of $199,000. However, Atlanta was quite near the top of the report's 146 regions when it comes to total number of the listings. The region has strengthened its position since then and now experts say that Atlanta Metro area is the best place for buying homes as rental properties, especially for those with a very specific investment strategy.