San Jose Leads in Investment Home Rental Growth – NMP Skip to main content

San Jose Leads in Investment Home Rental Growth

Phil Hall
Mar 15, 2016
San Jose leads the nation as the most lucrative market for investment home rental growth, according to new data from HomeUnion

San Jose leads the nation as the most lucrative market for investment home rental growth, according to new data from HomeUnion, an Irvine, Calif.-based online real estate investment management firm.

HomeUnion is anticipating a 7.3 percent rental growth in San Jose for 2016, the largest in the 44 single-family rental housing markets analyzed for the study. Orlando came in second with a projected 6.1 percent rental growth, followed by Seattle at 5.9 percent, San Diego at 5.7 percent and San Francisco tied with Denver at 5.4 percent.

“It’s no surprise that San Jose leads the U.S. with anticipated rental growth of 7.3 percent, due to healthy job growth and increasingly out-of-reach prices for traditional housing,” said Steve Hovland, manager, research services for HomeUnion. “Orlando’s ranking of number two on our list, with a forecasted rent increase of 6.1 percent, seems more noteworthy, but not surprising given the furious pace of economic growth in the area over the past two years. Tourism has fueled the region’s booming economy: Orlando has welcomed more than 60 million visitors, as well as job seekers, annually.”

Published
Mar 15, 2016
FirstClose Receives $35M Investment From Lateral

Fintech says it will use the investment to expand its growing financial services footprint.

Industry News
May 18, 2022
Mortgage News Network Launches Podcast On Helping Underserved Borrowers

'Gated Communities' looks at why homeownership gap is increasing, and what lenders are doing to reverse the trend.

Industry News
May 17, 2022
Class Valuation Appoints EVP Of Valuation Modernization

Cristy Conolly will focus on removing bias from the equation in appraisals.

Industry News
May 17, 2022
Open Mortgage Appoints New Chief Financial Officer

Anthony Nolte, Open Mortgage's CFO since 2019, will transition to chief legal officer.

Industry News
May 17, 2022
Online Brokerage REX Pursues Litigation Against Zillow & NAR

The legal battle between REX Home Loans (Real Estate Exchange, Inc.) and NAR continues to heat up, even though REX is reported to have shut down operations.

Industry News
May 16, 2022
Fannie Mae Seeks Innovative Housing Ideas

Sustainable Communities Innovation Challenge seeks ideas to advance racial equity in housing, focusing on addressing supply, funding and credit barriers.

Industry News
May 16, 2022