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Where Out-of-State Investors Buy Single-Family Homes


Do investors in single-family homes buy in their backyard?

If your assumption is yes, the answer is only partially true. A recent study by ATTOM Data Solutions revealed that out-of-state investors owned 16% of all single-family investment rental homes in the US. The total number of non-owner occupied homes as of June 30, 2016 was 3.4 million.

California had the most out-of-state investors in single-family homes. Nearly one in four single-family home rentals in California were owned by investors who lived in another state. The five most popular states for out of state investors were:

  1. California

  2. Florida

  3. Texas

  4. New York

  5. Illinois

Counties in the US with the most investment homes owned by out-of-state investors were:

  1. Maricopa County - Phoenix AZ

  2. Clark County – Las Vegas NV

  3. Lee County -Cape Coral FL)

  4. Cape May County – Ocean City NJ

  5. Wayne County – Detroit MI

The moral of the story? While investing near home may make sense for many investors, particularly those who own less than 10 properties, professional investors are willing to seek out the states, counties, cities, and neighborhoods with the greatest potential for high current yield and long-term growth.

For more information on why you should consider investing in a professionally managed portfolio of single-family homes, please contact Harold Willig at 917-209-4452 or harold.willig@springviewinvestments.com

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer, and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience. Mr. Willig also ran a consulting practice and provided valuation, analysis, and transactional support services to multi-billion dollar real estate companies. Previously, Mr. Willig served as the Senior Controller and Vice President of Financial Analysis and then the Chief Financial Officer of the Athena Group, a multifamily development company and fund manager.

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