Here are the 9 best US housing markets for investment

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HomeUnion, an online real estate investment management firm, has named the nine best housing markets for single-family rental home investors in the first quarter of 2017. 

The firm uses data on over 110 million homes and 200,000 neighborhoods to compile their list.

Here are the top markets for real estate investing in the first quarter, based on first-year returns:

 

9. Pittsburgh, PA

Median Investment Home Price: $95,489

YoY Change: -4.5%

Cap Rate: 8.0%

Source: HomeUnion

8. St. Louis, MO

Median Investment Home Price: $96,412

YoY Change: 8.3%

Cap Rate: 8.1%

Source: HomeUnion

7. Indianapolis, IN

Median Investment Home Price: $101,948

YoY Change: 6.5%

Cap Rate: 8.1%

Source: HomeUnion

6. Oklahoma City, OK

Median Investment Home Price: $97,960

YoY Change: 22.4%

Cap Rate: 8.2%

Source: HomeUnion

5. Richmond, VA

Median Investment Home Price: $121,682

YoY Change: 5.8%

Cap Rate: 8.2%

Source: HomeUnion

4. Memphis, TN-MS-AR

Median Investment Home Price: $86,975

YoY Change: 1.1%

Cap Rate: 8.5%

Source: HomeUnion

3. Columbia, SC

Median Investment Home Price: $94,372

YoY Change: 4.9%

Cap Rate: 8.6%

Source: HomeUnion

2. Cincinnati, OH

Median Investment Home Price: $87,092

YoY Change: 11.4%

Cap Rate: 9.8%

Source: HomeUnion

1. Cleveland, OH

Median Investment Home Price: $75,512

YoY Change: 16.2%

Cap Rate: 11.5%

Source: HomeUnion

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