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Chicago is the country’s No. 1 investor market

by James F. McClister

chicago-investment-real-estate-home-single-family-cyber-monday-homeunion

In analyzing the country’s biggest residential real estate markets, weighing cap and rental rates, as well as median single-family home price, the online investment and management firm HomeUnion found that purchasing in Chicago is a savvy move.

Since last year, Chicago’s cap rate – referring to the capitalization rate, or the expected return on a real estate investment – has risen 18.3 percent, nearly 3 percentage points more than any other of HomeUnion’s markets. And with a median single-family home price of only $128,000, Chicago stands as currently the most promising investment market in the country.

See our table below to see how Chicago stacks up nationwide:

CityCap Rate Increase2016 Winter Median SFR Price2016 Avg. Winter Rent
Chicago18.30%$128,000$1,460
Greenville, S.C.15.90%$86,2501,130
Birmingham, Ala.12%$76,700$970
Tampa11.70%$109,100$1,160
Jacksonville11.40%$103,900$1,160
Houston10.70%$145,100$1,500
Austin10.20%$219,300$1,560
Dallas7.70%$136,500$1,440
Memphis7.20%$82,400$980
Indianapolis7%$87,000$1,060
Atlanta7%$104,000$1,130
Orlando7%$147,800$1,240
Nashville6.50%$129,900$1,220
San Antonio6%$125,000$1,300
Raleigh, N.C.4.90%$147,500$1,200
Charlotte4.60%$110,000$1,130

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