Real estate investors want to know the markets in which they can get the most bang for their buck. It is important to know which markets are strong for rentals, and where they can obtain a good return; a recipe for success. In a national study, Georgia counties took six out of the top eighteen spots when it came to markets across the US that had a combination of high rental demand, and high rental yields. Two of those counties are right here in West Georgia: Carroll County and Paulding County.
RealtyTrac, a leading provider of housing data and analytics, recently published an article on the topic, entitled, “18 Best Single Family Rental Markets for High Rental Yields and Strong Rental Demand.”
Paulding County, whose two primary cities are Dallas and Hiram, shows its high rental demand given the fact that 33.1% of homes throughout the county are not owner occupied. Simply put, this means that virtually one third of the homes in Paulding County are occupied by a tenant, or someone other than the owner. Located Northwest of Atlanta, Paulding offers a solid school system (ranked in the top 30% of the state according to School Digger), and is a reprieve from the hustle and bustle of the big city.
Carroll County’s percentage was even higher, at 38.9% of homes that are not owner occupied. Certainly the University of West Georgia, located in Carrollton, plays a role in the high rental demand. But, it can be argued that both Temple and Villa Rica attract a large share of the rental market as well, given their location with access to I-20. Both cities offer a more rural, and cheaper, option for commuters.
Given the median home prices in both markets, coupled with the high rental demand, it’s easy to see why investors are realizing high rental yields in these areas. Thinking of investing? Start here in West Georgia.
To see the full RealtyTrac article, click here.