Top 10 Best Rental Real Estate Markets To Invest In 2022
Finding cities with the highest rental appreciation is crucial if you want to make a profitable investment in the rental market. Where are the top cities with consistent growth in the rental market if you are considering buying an investment property? This article lists the best rental markets to invest in 2022. Florida, Texas, South Carolina, and Ohio all have cities with affordable housing prices, high rental yield, and tremendous job growth. In 2022, the median sales price for a Tampa-area property was $390,000, and the average rental rate for a one-bedroom apartment was $1,897. Salt Lake City, Utah The Salt Lake City housing market has experienced a boom in home prices and rental rates over the previous few years. If you rent a house in the city, you can expect an average rental income of $1,574-a rise of over 50% over the past three years. With average rental rates of $1,238 in Cleveland, investing in rental properties provides an excellent ROI. Overall, Cleveland is one of the best cities to find a good deal in.