For the second year in a row, the average annual gross yield on three-bedroom homes in the U.S. is expected to rise – this time to 7.55%, up from 7.39% in 2023. Limited inventory and higher home prices that have pushed affordability out of reach for most workers are the cause, according to ATTOM’s Q1 2024 Single-Family Rental Market report.

The report is intended to rank the best U.S. markets for buying single-family rental properties in 2024. It analyzed data from 341 counties with a population of at least 100,000 and found that rents rose more than home prices in 63% of them. The most notable examples were in the South.

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