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The Magic Number for SFR Investors: 33434

Phil Hall
Jul 25, 2017
Sales of single-family homes in Florida totaled 19,990 last month

When it comes to getting the biggest bang for the buck by investing in single-family rentals (SFR), a new data report insists the magic number for success is 33434.
 
The online real estate investment management firm HomeUnion analyzed ZIP codes in 20 major metro areas to determine which areas saw the greatest returns on investment minimizing risk over a five-year horizon. The highest-ranking ZIP code was 33434, belonging to the Hamptons at Boca Raton, Fla., submarket within the West Palm Beach metro area. Other top markets included ZIP code 19035 in the Gladwyne section of metro Philadelphia; 48322 in the West Bloomfield Township section of metro Detroit; 33158 in the Palmetto Bay section of metro Miami; and 33327 in the Weston section of metro Fort Lauderdale.
 
“As more Americans seek to diversify their investment portfolios into real estate, we have put together a list of the best zip codes in 20 markets for them to invest and hold over a five-year period or longer,” said Steve Hovland, director of research for HomeUnion. “Typically, SFRs in areas with good schools have been attractive to long-term investors, though those areas have been more challenging to locate for remote investors in today’s heated housing market.”

 
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