RentRange Identifies 25 Markets with the Largest Rental Rate Increases
The Q4 2016 RentRange® data identified rental rate increases in areas like
Analyzing the average vacancy rate, which demonstrates the percentage of all available units in a rental property that are vacant or unoccupied at a particular time, shows that the highest rates, as reflected from the list, are seen in the Southeast region, where vacancy rates range from 10.5 percent in
"As we begin 2017, it continues to look bright for single-family rental investors," said
Ranking by Year-Over-Year Rental Rate Increase -- Q4 2016 2
|Rank||MSA||Change in Rent -- Q4||Average Vacancy Rate -- Q4|
|9||Barnstable Town MA||8.4%||6.6%|
|16||Providence-New Bedford-Fall River RI-MA||6.3%||6.1%|
|23||Charleston-North Charleston SC||5.1%||12.5%|
RentRange produced the rankings of three-bedroom homes 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 websites. Vacancy rates are calculated from a proprietary algorithm based on data from the
About RentRange Data Services
RentRange Data Services is an innovative marketing services company specializing in
RentRange is one of the nation's premier providers of information for the single-family residential sector, delivering address and market-level rental data, analytics and rent-based valuation solutions for a diverse customer base. The RentRange® reports help customers make data-informed decisions about the single-family residential market. The RentRange suite of data solutions includes individual property reports, market metric reports, customized data and analytics and single-family residential investor lists.
RentRange is part of the
1 RentRange reviewed data for single-family, three-bedroom homes.
2 All rental and vacancy rate data referenced is provided for information purposes only and should not be considered advice or otherwise be relied upon for investment decisions.
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