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.
Pittsburgh Mayor Proposes Zoning Changes to Curb Housing Shortage
The mayor’s plan includes legalizing ADUs in single-family neighborhoods, eliminating parking requirements, and adding new affordability requirements to buildings with over 20 units.
Oregon Cities Debate Expanding Boundaries
A recent bill allows cities to apply for a one-time expansion to Oregon’s historic urban growth boundaries, which limit development at the edges of cities.
How Would Project 2025 Affect America’s Transportation System?
Long story short, it would — and not in a good way.
California Law Ends Road Widening Mandates
Housing developers will no longer be required to dedicate land to roadway widening, which could significantly reduce the cost of construction and support more housing units.
But... Europe
European cities and nations tend to have less violent crime than the United States. Is government social welfare spending the magic bullet that explains this difference?
Western Conservationists, Tribes File Legal Motion to Defend Public Lands Rule
Some states and industry groups have sued to stop the Bureau of Land Management from enforcing the new rule, which promotes the conservation and restoration of public lands and shifts focus away from extractive uses.
Intense October Heat Wave Raises Fire Risk in California
Unusually high temperatures across the state are prompting power shutoffs and could fuel more destructive wildfires.
‘Climate Havens’ Not Safe From Hurricane Helene’s Destruction
Parts of North Carolina previously considered immune to the impact of hurricanes experienced historic flooding in the aftermath of the storm.
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.
Placer County
Mayors' Institute on City Design
City of Sunnyvale
Mpact (formerly Rail~Volution)
Cornell University's College of Architecture, Art, and Planning (AAP), the Department of City and Regional Planning (CRP)
Knoxville-Knox County Planning
Lehigh Valley Planning Commission
City of Portland, ME
Baton Rouge Area Foundation