Stellar job growth supports a drop in vacancy to 2.1 percent by year’s end, one of the lowest.
IRVINE, Calif., March 17, 2017 – HomeUnion®, an online real estate investment management firm, has named Boston one of the most desirable rental markets in the country based on rental demand. In HomeUnion®’s High-Demand Rankings for single-family rental (SFR) properties, Boston ranked eighth nationwide. Declining permitting levels has led to constrained supply for SFRS, further pushing vacancy levels down to record-low levels.
- Single-family rental vacancy in Boston is expected to drop by 70 basis points to 2.1 percent.
- Rents for Boston SFRs are anticipated to grow to $2,537 per month, up 2.9 percent from 2016.
- Prices for investment homes in Atlanta ended 3Q 2016 at $295,000, with about 24 percent of investors choosing to use cash.
For more information on the state of the U.S. investment housing sector and market conditions in 29 metros nationwide, download the 2017 National Single-Family Rental Research Report.
HomeUnion® is an online real estate investment management firm. Based in Irvine, Calif., it provides all the services needed for individuals to invest remotely in single-family rental (SFR) properties. The company uses a combination of research and proprietary analytics to incorporate data on over 110 million homes and 200,000 neighborhoods into their database, and then delivers its solutions to an on-the-ground infrastructure that currently serves 11 locations. HomeUnion®’s role spans the lifecycle of the investment transaction: identifying sound investments, handling all aspects of acquisition, maximizing income, protecting asset value, and selling the asset when the time comes.
Communications Manager, HomeUnion®