Data powerhouse RealtyTrac recently released their Q3 2016 Single Family Rental Market Report which found that for homes purchased in 2016 the average single-family rental returns dropped to a nine-year low.  Analyzing data from 473 counties, the report says the average annual gross rental yield (monthly rent, annualized, divided by median the home price) was 8.7% for properties purchased in the first seven months of 2016, down from an average of 8.8% from 2015 and the lowest level since 2007 – when it was 7.3%.

“While average rental returns on properties purchased so far in 2016 are at a nine-year low, these returns are still attractive compared to alternative investing opportunities,” said Daren Blomquist, senior vice president at ATTOM Data Solutions. “After a drop-off in single family purchases by both individual and institutional investors over the past two years, we’re starting to see investor acquisition activity pick up again”

ReatyTrac Single Family Rental Market in Q3 2016

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