In The News

HomeVestors - HomeVestors-Local Market Monitor
Mar 09 2012

HomeVestors of America, Inc., known as the "We Buy Ugly Houses®" company, and Local Market Monitor, a leading forecaster of real estate markets, today unveiled the "HomeVestors-Local Market Monitor Best Markets to Invest in Rental Property" ranking. In order to help inform real estate investors of current rental property investment opportunities, the "Best Markets" ranking will be updated quarterly.

HomeVestors and Local Market Monitor estimate that approximately 14% of single-family homes in the U.S. are maintained as rental properties. The companies believe there is no other regularly produced, reliable national ranking of the expected future performance of homes maintained as rental properties, which makes this ranking particularly useful to prospective investors.

"Since 1996 HomeVestors® real estate franchises have been at the forefront of buying older houses in need of repair, and updating or rehabbing them, often in the interest of maintaining the homes as rental properties. Until today, there's never been a reliable national performance indicator for this growing segment of the investment market," said David Hicks, co-president of HomeVestors of America, Inc. "We're pleased to have developed this ranking system with Local Market Monitor to help investors in single-family rental property identify opportunities and gauge potential local market investment performance relative to the national average and other markets."

HomeVestors-Local Market Monitor Best 100 U.S. Markets to Invest in Rental Property
Rank and Market		Risk-Return Premium (+/-) Relative to 5.2% National Average	Change from 4th Quarter, 2011
1.	Las Vegas, Nevada	5.60%	0.7
2.	Detroit, Michigan	3.90%	-0.2
3.	Orlando, Florida	3.50%	-0.2
4.	Daytona Beach, Florida	3.20%	-1.1
5.	Bakersfield, California	3.10%	0.5
6.	Fort Myers, Florida	3.00%	no change
7.	Warren, Michigan	2.70%	no change
8.	Phoenix, Arizona	2.60%	0.4
9.	Atlanta, Georgia	2.40%	0.4
10.	Boise City, Idaho	2.30%	0.4
11.	Tampa/St. Petersburg, Florida	2.30%	no change
12.	Fort Lauderdale, Florida	2.20%	-0.4
13.	Reno, Nevada	2.20%	0.2
14.	Dallas, Texas	2.10%	0.4
15.	Fort Worth, Texas	1.80%	0.2
16.	Rochester, New York	1.80%	-0.5
17.	West Palm Beach, Florida	1.70%	-0.2
18.	Jacksonville, Florida	1.60%	-0.2
19.	Grand Rapids, Michigan	1.60%	0.4
20.	Sarasota, Florida	1.40%	-0.2
21.	Fresno, California	1.30%	-0.3
22.	Tucson, Arizona	1.30%	-0.4
23.	Des Moines, Iowa	1.30%	0.4
24.	San Antonio, Texas	1.30%	0.2
25.	Austin, Texas	1.30%	0.4
26.	Riverside, California	1.30%	no change
27.	Tulsa, Oklahoma	1.20%	-0.1
28.	Omaha, Nebraska	1.00%	-0.1
29.	Memphis, Tennessee	1.00%	-0.1
30.	Kansas City, Missouri	1.00%	no change
31.	Houston, Texas	1.00%	no change
32.	El Paso, Texas	1.00%	-0.1
33.	Miami, Florida	1.00%	-0.2
34.	Indianapolis, Indiana	0.90%	0.4
35.	Akron, Ohio	0.90%	0.1
36.	McAllen, Texas	0.90%	0.9
37.	Oklahoma City, Oklahoma	0.80%	-0.3
38.	Sacramento, California	0.8	-0.4
39.	Raleigh, North Carolina	0.70%	0.6
40.	Columbia, South Carolina	0.70%	0.4
41.	Colorado Springs, Colorado	0.70%	-0.1
42.	Fayetteville, Arkansas	0.70%	0.1
43.	Minneapolis, Minnesota	0.70%	-0.3
44.	Little Rock, Arkansas	0.70%	0.3
45.	Camden, New Jersey	0.60%	-0.1
46.	Columbus, Ohio	0.60%	0.3
47.	Cleveland, Ohio	0.60%	-0.7
48.	Nashville, Tennessee	0.60%	0.3
49.	Edison, New Jersey	0.60%	no change
50.	St. Louis, Missouri	0.50%	-0.1
51.	Provo, Utah	0.50%	0.3
52.	Denver, Colorado	0.50%	0.5
53.	Charlotte, North Carolina	0.40%	0.3
54.	Greensboro, North Carolina	0.40%	no change
55.	Chicago, Illinois	0.40%	-0.2
56.	Madison, Wisconsin	0.40%	0.1
57.	Bridgeport, Connecticut	0.40%	0.4
58.	New Haven, Connecticut	0.40%	no change
59.	Tacoma, Washington	0.30%	no change
60.	Richmond, Virginia	0.30%	0.1
61.	Albuquerque, New Mexico	0.30%	0.3
62.	Hartford, Connecticut	0.20%	-0.1
63.	Wilmington, New Jersey	0.20%	-0.2
64.	Albany, New York	0.20%	-0.1
65.	Chattanooga, Tennessee	0.20%	-0.2
66.	Winston-Salem, North Carolina	0.20%	-0.1
67.	Louisville, Kentucky	0.10%	0.1
68.	Baton Rouge, Louisiana	0.10%	-0.1
69.	Santa Rosa, California	0.10%	-0.2
70.	Portland, Oregon	0.10%	no change
71.	Cincinnati, Ohio	0.10%	-0.1
72.	Knoxville, Tennessee	Equal to national average of 5.2%	0.2
73.	Pittsburgh, Pennsylvania	Equal to national average of 5.2%	0.2
74.	Milwaukee, Wisconsin	-0.10%	no change
75.	Lexington, Kentucky	-0.10%	0.3
76.	Virginia Beach, Virginia	-0.10%	no change
77.	Birmingham, Alabama	-0.20%	no change
78.	Philadelphia, Pennsylvania	-0.20%	-0.1
79.	Asheville, North Carolina	-0.20%	-0.1
80.	Salt Lake City, Utah	-0.40%	0.2
81.	Lake County, Illinois	-0.40%	0.1
82.	Baltimore, Maryland	-0.40%	no change
83.	Seattle, Washington	-0.40%	no change
84.	Washington, D.C.	-0.40%	no change
85.	Boston, Massachusetts	-0.40%	0.1
86.	New Orleans, Louisiana	-0.50%	-0.5
87.	Thousand Oaks, California	-0.70%	-0.3
88.	Charleston, South Carolina	-0.70%	-0.3
89.	Nassau, New York	-0.80%	-0.1
90.	San Diego, California	-0.80%	0.1
91.	Oakland, California	-0.90%	0.1
92.	Providence, Rhode Island	-1.00%	-0.1
93.	Honolulu, Hawaii	-1.30%	-0.1
94.	Santa Ana, California	-1.30%	0.1
95.	Newark, New Jersey	-1.40%	0.1
96.	San Jose, California	-1.40%	0.2
97.	Los Angeles, California	-1.50%	0.1
98.	Bethesda, Maryland	-1.60%	0.2
99.	White Plains, New York	-1.80%	no change
100.	San Francisco, California	-2.30%	0.3
100.	San Francisco, California	-2.30%	0.3

<back