BluefoxToday blog : Market Update .......... 10 Best Cities To Buy A Rental Property

Market Update .......... 10 Best Cities To Buy A Rental Property

CNN Money recently came out with their list of the 10 best cities to buy a rental property. I personally was surprised by the list, because I was thinking that the 10 best cities to invest in rental property would be the cities that have been least effected by the declining Real Estate Market that we have been in.  But what I expected and what was on the list was very
different, it was the opposite.

The 10 best cities to invest in rental properties happen to be among the cities that are in market areas that have been hit the hardest.  The 10 cities named by CNN Money are:

  • Las Vegas NV
  • Detroit, MI
  • Warren, MI
  • Orlando, FL
  • Bakersfield, CA
  • Tampa, FL
  • Phoenix, AZ
  • Fort Lauderdale, FL
  • Rochester, N.Y.
  • Stockton, CA

As you can see, Florida one of the State that is on everyone's list as one of the States that has been hit the hardest in the present economic market, has three cities in the top ten. 

I see this a s encouraging, and maybe it will motivate some investors to start investing money back into these communities.  This also shows me that even in what might seem to be a dark situation, that a silver lining can be found.


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George Souto NMLS# 65149 is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308, or visit my McCue Mortgage Homepage.



 Info about the author:

George Souto NMLS# 65149 is a Loan Originator who is licensed in #CT, #RI, #MA, #NH, & #FL and can assist you with all your #FHA, #Conventional, #VA, #USDA, and #State Bonded Progam #mortgage needs in #CT, #RI, #MA, #NH, & #FL. George resides in Middlesex County which includes #Middletown, #Old Saybrook, #Middlefield, #Durham, #Cromwell, #Portland, #Higganum, #Haddam, #East Haddam, #Moodus, #Chester, #Deep River, and #Essex. George can be contacted at (860) 573-1308 or

Comment balloon 10 commentsGeorge Souto • September 15 2011 08:26PM



Incredible isn't it?

I believe it all, but Detroit.


Posted by William J. Archambault, Jr. (The Real Estate Investment Institute ) over 9 years ago

At the surface I understand it, but... if you purchase an investment property I assume you will hang on to it, renting it out. How do you comfortably rent out properties to areas so hard hit with job loss. Just sayin...

But then again, I am not an investor...

Posted by Andrea Swiedler, Realtor, Southern Litchfield County CT (Berkshire Hathaway HomeServices New England Properties) over 9 years ago


There ARE some surprises, but time will tell. I agree with Bill - Detroit is hard to understand, although prices there are so amzing. Having been through there recently a couple of times and seeing some of the communities with hundreds of boarded up houses and commercial/retail areas in many area, it is clearly a city that has some major challenges ahead.


Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (eXp Realty of California, Inc.) over 9 years ago

I can understand that there will be great buys in the depressed areas and all these people who have lost their homes to forclosures need a place to rent.  Makes sense to me!

Posted by Lora "Leah" Stern 914-772-4528, Real Estate Salesperson (Coldwell Banker, 170 N Main Street, New City NY 10956) over 9 years ago

George - It is a bit of a surprise but as Leah mentioned with so many people either selling their homes as short sales or losing them to foreclosure, they are going to have to find somewhere else to live and a rental is typically their only option.

Posted by Julie Dumaine-Russell (RE/MAX Alliance) over 9 years ago

Wow this list is a huge surprise to me also.  Like you I didn't expect it to be the cities that have been the hardest hit by the economy. 

Posted by Debbie Walsh, Hudson Valley NY Real Estate 845.283-3036 (Shahar Management) over 9 years ago

George, definitely a surprise.  We also have properties that are well priced for investors, I've worked with a few who are taking advantage of them.

Posted by Nick T Pappas, Madison & Huntsville Alabama Real Estate Resource (Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Huntsville AL) over 9 years ago

George, I had always planned to move to Florida, some day.  Though, life changes, part of me still would like to do that.

Posted by Frances C. Rokicki, Broker-Mentor,CRS (Fran Rokicki Realty, LLC) over 9 years ago

Wow...kind of shocked San Antonio didn't make the list.  With all of the military here, I thought for sure :)!  The rental market here is booming as well as other states I imagine.

Posted by Brenda Mullen, Your San Antonio TX Real Estate Agent!! (RE/MAX Access) over 9 years ago


In Vegas investors have gobbled up tons of properties and essentially turned many neighborhoods renter centrals. We all know what happens to areas where the ratio passes a certain point.

Posted by Esko Kiuru over 9 years ago

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