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OC Amid Worst Rental-Return Markets

IRVINE, CA—The slow-and-steady appreciating markets of the Midwest tend to be more favorable for consistent returns on residential rentals, RealtyTrac VP Daren Blomquist tells GlobeSt.com.

By Carrie Rossenfeld | Updated on April 04, 2014

IRVINE, CA—Orange County was among several California counties that made RealtyTrac‘s most recent list of the bottom 20 markets for residential rental returns in the country, while Wayne County, MI, led the top 20 markets for rental returns. Good cash-flowing rentals can be found in many US markets, but rapidly appreciating prices are making it more difficult.

RealtyTrac has released an interactive heat map showing rental return for each county. Rental return is the gross rental yield, which the firm calculated by taking the 2014 fair market rent for a three-bedroom home multiplied by 12 months, then divided that 12-month total by the median sales price of residential properties in the county. The results showed that San Francisco, Marin, San Mateo, Santa Cruz, San Luis Obispo and Orange counties were among the bottom 20.

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