Chicago is the country’s No. 1 investor market

In analyzing the country’s biggest residential real estate markets, weighing cap and rental rates, as well as median single-family home price, the online investment and management firm HomeUnion found that purchasing in Chicago is a savvy move.

Since last year, Chicago’s cap rate – referring to the capitalization rate, or the expected return on a real estate investment – has risen 18.3 percent, nearly 3 percentage points more than any other of HomeUnion’s markets. And with a median single-family home price of only $128,000, Chicago stands as currently the most promising investment market in the country.

See our table below to see how Chicago stacks up nationwide:

City Cap Rate Increase 2016 Winter Median SFR Price 2016 Avg. Winter Rent
Chicago 18.30% $128,000 $1,460
Greenville, S.C. 15.90% $86,250 1,130
Birmingham, Ala. 12% $76,700 $970
Tampa 11.70% $109,100 $1,160
Jacksonville 11.40% $103,900 $1,160
Houston 10.70% $145,100 $1,500
Austin 10.20% $219,300 $1,560
Dallas 7.70% $136,500 $1,440
Memphis 7.20% $82,400 $980
Indianapolis 7% $87,000 $1,060
Atlanta 7% $104,000 $1,130
Orlando 7% $147,800 $1,240
Nashville 6.50% $129,900 $1,220
San Antonio 6% $125,000 $1,300
Raleigh, N.C. 4.90% $147,500 $1,200
Charlotte 4.60% $110,000 $1,130
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