Altisource's RentRange Identifies 25 Cities With the Largest Rental Rate Increases
The RentRange data shows that cities in the South and West generally had the greatest increases in home rental rates, while cities in the Midwest and Northeast experienced smaller increases.
"We continue to see substantial opportunity in real estate investing, but strengthening real estate markets in many regions require investors to be more informed before buying an investment property and rehabilitating it in order to achieve their desired return," said
|Rank||MSA Ranking by Year-Over-Year Rental Rate Increase - Q3||Change in Rent - Q3||Average Yield - Q3|
|4||San Francisco-Oakland-Fremont CA||17.0%||5.6%|
|5||Charleston-North Charleston SC||16.5%||9.0%|
|6||Los Angeles-Long Beach-Santa Ana CA||16.3%||5.6%|
|9||Dallas-Fort Worth-Arlington TX||14.0%||13.4%|
|13||Augusta-Richmond County GA-SC||12.3%||9.8%|
|19||Little Rock-North Little Rock-Conway AR||10.4%||N/A|
|22||Oxnard-Thousand Oaks-Ventura CA||10.0%||5.7%|
RentRange produced the rankings using metropolitan statistical areas, a standardized method for identifying city centers and immediate suburban areas. RentRange gathers rental data on approximately 250,000 single-family houses per month from a variety of contractual sources, including multiple listing services, property managers, landlords and listing web sites. Yields are derived from RentRange's proprietary automated valuation model.
RentRange is the provider of Rental Market Intelligence™ to the financial services and real estate industries, delivering a wide assortment of address and geography level rental data, analytics, and rent based valuation solutions for single and multi-family properties. Its solutions include a combination of on-demand automated rent valuation reports and subscription based macro data available at the MSA, county, city and zip code levels. The company fills a longstanding void in the information services community by providing a standardized, reliable source for national residential rental data that is essential for confident and effective decision making.
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