St Charles County Makes “Hidden Gem” List for Rental Property

Dennis Norman, St Charles County REALTOR

St. Charles county is a “hidden gem” for real estate investors wishing to buy rental property, according to  RealtyTrac’s newly published “List of Top 25 Hidden Gem Single Family Rental Markets“.  St. Charles County was the only Missouri county that made the list and it came in at 21 on the list with a gross yield on rental property of 9.4 percent.  The gross yield is determined by taking the annual median rent for a county and divide it by the median price of home in that county.  In the case of St Charles county, the median home price is $158,000 and the median rent is $1,232/month, or $14,784 for the year, resulting in a gross yield of 9.4%.  At the top of the list is Wichita County, Texas with a gross yield of 13.4%.  See the infographic below for all counties in the top 25 list.

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Top 25 Hidden Gem Rental Markets - St Charles County, MO  Top Rental Markets

 

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