AgentIndustry News

Houston ranks in national list of best rental property results

Houston ranks among other Texas cities, like Dallas-Fort Worth
  • Rents in Houston climbed 9.6 percent.
  • But even though Houston is last on the list, it comes in second-best in yield, with 14 percent.
  • Although the California and Florida markets are showing the biggest gains in monthly rents, yield gains are much more moderate.

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Rental market intelligence provider RentRange recently ranked the top 25 U.S. MSAs (metropolitan statistical areas) for single-family home rental price gains and best investment yields. The results were surprising for some, and a cautionary tale for others. But in Houston, one of two Lone Star state cities on the list, last place on the list doesn’t necessarily mean that things are dire. In fact, it’s just the opposite for those who are investing in homes to rent out. Boule / The RentRange reports uses a wealth of numbers that the company has cataloged, crunched and supplied to customers since 2011. This new report tracks data for the third quarter of 2015 and the same quarter in 2014 in it’s new report. In that time period, rents in Houston climbed 9.6 percent. California and Florida cities dominate the top 10 spots in the rankings for rental increases, and hold a dozen of the spots on the overall list. But even though Houston is last...