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Having affordable rents in desirable areas is critical for successful multi-family investing. Areas where rents are affordable and job growth is strong provide the tailwinds for increasing property values. RealPage recently published the ten most affordable large rental markets in the US; 6 were located in mid-western cities and 4 were located in the south. Just because rents are affordable doesn’t mean it is an attractive market for investment; you also need to see growth in population and jobs. |
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In the US, the national average rent is $1,805, with the most affordable rents in Greensboro/Winston Salem ($1,209) and the costliest in New York ($4,500). Not surprisingly, Census.gov reported that New York lost 1% of their population in 2022 while Texas had more than 3 cities in the top 15 fastest growing MSA (San Antonio, Fort Worth, Austin). CREE Capital now has two properties in San Antonio, Sedona Canyon, and now our newest deal offering, the Regatta Apartments. We like San Antonio because the rents are affordable, and the area is experiencing strong population and job growth. CREE Capital – https://creecapital.com CREE Capital Fund – https://creefund.cashflowportal.com |
