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  • Best 100 U.S. Markets to Invest in Rental Property
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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