RealtyTrac will release a series of five blog posts about its findings in single-family rental market data.

In the course of the analysis of their single-family rental market data, ATTOM Data Solutions and RealtyTrac have sorted 473 U.S. counties into five types of local single-family rental markets. The first of these are markets with high yield and low vacancy, which RealtyTrac defines as a market with an investment property vacancy rate under 3% (compared to a 4% national average) and a gross annual rental yield of 10% or higher.

Counties with the highest rental yields on this list were Monroe County, Pennslyvania in the East Stroudsburg metro area (16.0 percent); Hernando County, Florida in the Tampa metro area (14.3 percent); Lackawanna County, Pennsylvania in the Scranton metro area (12.1 percent); Westmoreland County, Pennsylvania in the Pittsburgh metro area (11.8 percent); and Davidson County, North Carolina in the Winston-Salem metro area (11.8 percent).

RealtyTrac notes that many of these counties are “a bit off the beaten path”, meaning that they are not near any major metropolitan areas. Institutional investors aren’t as heavily involved in these areas, and this lack of competition keeps vacancies low and returns consistent.
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