The Metroplex ranks among the top 10 investment housing markets in HomeUnion®’s Opportunity Ranking
IRVINE, Calif., March 10, 2017 – HomeUnion®, an online real estate investment management firm, has ranked Dallas ranks ninth in the U.S. by opportunity ranking. This ranking measures the balance between supply and demand fundamentals, while offering favorable entry prices attractive returns.
“Supply and demand fundamentals are prime for single-family rental investors,” says Steve Hovland, director of research at HomeUnion®. “Payrolls in the Metroplex are expected to expand by almost 3 percent this year, which means more than 100,000 new jobs will be added to the market. Rents are strong, and cap rates, which measure the ratio of a property’s net operating income divided by its sale price, are slightly below 6.5 percent. Coupled with the fact that institutional investors are leaving the market, this is a solid market for individual or retail investors.”
Here are some key takeaways on the Dallas investment housing market:
- Single-family rental (SFR) vacancy in Dallas is expected to decrease by 30 basis points to 6.7 percent.
- Rents for Dallas SFRs are anticipated to grow to $1,662 per month, up 3.5 percent from 2016.
- Prices for investment homes in Dallas ended 3Q 2016 at $175,000, with about 80 percent of investors choosing to use leverage.
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®