RentRange has released the top markets for rising rents across the country in a recent report that also claims now is the time to be a single-family residential real estate investor. RentRange lists the 25 cities with the greatest year-over-year rent increases. Rents in even the 25th ranked city (San Luis Obispo- Paso Robles, CA) were up nearly 11 percent in the first quarter.
Florida has the most markets on the list (25% are Florida cities) with Cape Coral-Fort Meyers, FL leading the country with a 29% rent hike since 2015. The report suggests Florida to be a top state for investment based on these findings.
"The single-family rental market across the U.S. continues to offer significant opportunity for investors," said Wally Charnoff at RentRange. "The robust data available today empowers even non-institutional investors to analyze geographies and select the investment locations throughout the U.S. that are most opportune, as opposed to being limited to their own backyard."