Recent data shows that, on the whole, single-family rentals are proving to be an excellent investment as rents on such properties continue trending up. But in which markets are rents projected to grow the most this year? Online real estate investment firm Home Union provides the answer after analyzing 44 single-family rental markets around the country.
Single-family rents in the Portland metro are forecast to grow by 4.8 percent this year, to $1,879 a month by year-end.
Rents in the San Antonio metro are also set to increase by 4.8 percent, to $1,165 a month by the end of the year.
In Austin, rents will go up by 5.0 percent, Home Union predicts, to $1,787 a month.
Single-family rents in Charlotte are forecast to grow by 5.3 percent, to $1,133 a month by the end of 2016.
The Denver metro should experience a 5.4 percent spike in rents, reaching $1,834 a month by December.
San Francisco will also likely see a 5.4 percent increase in single-family rents by the end of the year, to a whopping $4,451 a month.
Single-family rents in San Diego should rise by 5.4 percent to $2,307 a month.
Rents in Seattle are forecast to increase by 5.9 percent in 2016, to $4,191 a month.
The only East Coast city on the top 10 list, Orlando is set to experience a 6.1 percent jump in single-family rents this year, to $1,348 a month.
And, of course, the capital of Silicon Valley tops the list, with a projected 7.3 percent increase in single-family rents, to $3,459 a month by the end of the year.
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