Based on estimated returns on investment in single-family home rental properties of 316 markets, Las Vegas is your best bet to invest on rental properties. Orlando, Tampa, and Fort Lauderdale - all in Florida - also made the list.
Les Christie of CNN Money reports:
"Overall, the highest ratings are in markets where home prices have fallen substantially. Home prices in these markets are also below average, so empty homes are easily turned into competitive rental properties," explains Ingo Winzer, founder of Local Market Monitor.
For Vegas, having the highest foreclosure rate in the nation and a 55% homeownership rate mean that a lot of people who once owned a home are now renting. As a result, "investors in Las Vegas who rent out the properties they buy now will have a 4.7% higher return than the 5.3% national average," Winzer says.
FULL STORY: 10 best cities to buy a rental property
Las Vegas: A Model of America's Problems
The problems facing urban America can be exemplified by looking at the city of Las Vegas, according to this piece from the Brookings Institution's Mark Muro.
Safe Parking Programs Help People Access Housing
The safety and stability offered by Safe Parking sites have helped 40 percent of unhoused San Diego residents who accessed these programs get into permanent housing.
How Single-Family Conversions Benefit Both Homeowners and Cities
Converting single-family homes to triplexes can ease the housing crisis and offer affordable, flexible options for more households. Why is it largely illegal?
What ‘The Brutalist’ Teaches Us About Modern Cities
How architecture and urban landscapes reflect the trauma and dysfunction of the post-war experience.
‘Complete Streets’ Webpage Deleted in Federal Purge
Basic resources and information on building bike lanes and sidewalks, formerly housed on the government’s Complete Streets website, are now gone.
Montreal’s Gorilla Park Repurposes Defunct Railway Track
The park is part of a global movement to build public spaces that connect neighbors and work with local elements to serve as key parts of a city’s green infrastructure.
Art in Action: USC Event Calls for an Urgent Green Energy Transition
The El Respiro / Respire event at USC uses a large-scale human geochoreography to demand an urgent and equitable transition to green energy, blending art, activism, and community engagement to amplify the message of climate justice.
Safe Parking Programs Help People Access Housing
The safety and stability offered by Safe Parking sites have helped 40 percent of unhoused San Diego residents who accessed these programs get into permanent housing.
Study: Single-Staircase Buildings Pose No Additional Risks
Zoning codes have long prohibited single-stair residential buildings due to safety concerns, but changing that could lower the cost of construction and allow for more flexible housing designs.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
North Jersey Transportation Planning Authority (NJTPA)
Economic & Planning Systems, Inc.
UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
Chaddick Institute at DePaul University
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research