Over the past several years the rental market has been exploding nation-wide. In fact, many landlords are making high returns on their properties, getting 10% or more. But as the housing market has began to grow again, the rental market has started shrinking. However, there are still many great places to both rent and become a landlord.
Anderson County, South Carolina has been named one of the best markets to become a landlord. Anderson is located southeast of downtown Greenville, and it has prime conditions for perspective landlords. Three conditions that impact rental markets are median home price, average rental rates, and unemployment rates.
In Anderson the landlords are receiving 15.3% in returns, which is far above the 10% national average. This is due to the fact that the average home price in Anderson is $70,000 and the rental rates sit around $900. Anderson also has a great job market, having an unemployment rate of 4.3%, and with a university and several auto part manufactures, there is great potential for future growth as well.
If you are a landlord or renter moving into a new space in the Greenville area, then contact your local moving company to make your move as seamless as possible. All My Sons moving and storage can provide you with the best moving experience that you can find.