Who says there isn't money being made in the real estate industry today? I bet I can name you 5 places that have seen a spike in the rental prices in the United States and they aren't located in Bum-Ville.
Top 5 Fastest Growing Rents in The United States 2011
1. Houston, Texas - 2.5% - It is good to be a real estate agent in Houston, TX. They have the sun, southern hospitality, and southern money. The projected 3-year increase in rent is 18%! Average home value is $174,000 and the average rent is $818. And I thought Manhattan was Bad!
2. Grand Rapids, Michigan - 2.4% - I always knew that the rapids were grand here but I had no idea the real estate in Michigan was doing this well. It's good to know that even after the downfall - or I should say the continuing downfall of that smelly Detroit that there is still something that doesn't stink in this state. Projected 3-Year increase in Real Estate values is 15%, Average home value estimated at $128,000, and currently monthly rent at $636/month. Nice numbers, but it is still in the same state as the worst city in the USA.
3. Rochester, New York - 2.3% - Of all the places in New York I had no idea Rochester was doing this well, it might have something to do with the Canadiens but no one knows for sure. The projected 3-Year increase is at a whopping 25%! If you're a real estate agent in New York, just pack your stuff right no and head to this gold plated town. Average home price is $148,000 and average rent is $785, this would be my personal #1 but the geeks over here still rank it at #3, just the blogger here I can only have so much say.
4. Dallas, Texas - 2.2% - When Texans say they do things big here I guess they do. Not only was 1 spot not good enough for them but they had to take up two. Texas real estate agents can enjoy a beautiful city and a luxury lifestyle selling, Dallas if you have ever been there, is a great city and it is good to see them doing well. 16% projected increase in the next 3 years (that means stay there if you live there) average home price $166,000 and average rent at $877 (Highest Rent so far on this list, I told you they do things big in Texas.
5. Tulsa, Oklahoma - 1.8% - I know this may be coming out of left field, but it would explain why our sales for Oklahoma Real Estate Agent Email Lists have doubled this year. Tulsa is now on the map people. Projected 3-Year increase of 19%, current home prices at $146,000 (average home price) and the average rent at $671.
As a synopsis you can see that these housing markets do not exist on the ocean, and they the top 5 real estate markets are not the big cities like NYC and LA that you would expect. Our hottest email lists by far are in the state of Texas and this map would show why, they are doing all the deals!
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