CNN Money: Best Places To Be a Landlord

Based on home prices, area economy and rents, and ranked by job growth, per Local Market Monitor:

 

1. Houston 2.5% Annual job growth:

Projected 3-year rent increase: 18%
Q2 home price: $174,000
Current monthly rent: $818

2. Grand Rapids 2.4% Annual job growth:

Projected 3-year rent increase: 15%
Q2 home price: $128,000
Current monthly rent: $636

3. Rochester, N.Y. 2.3% Annual job growth:

Projected 3-year rent increase: 25%
Q2 home price: $148,000
Current monthly rent: $785

4. Dallas 2.2% Annual job growth:

Projected 3-year rent increase: 16%
Q2 home price: $166,000
Current monthly rent: $877

5. Tulsa 1.8% Annual job growth:

Projected 3-year rent increase: 19%
Q2 home price: $146,000
Current monthly rent: $671

By Carolyn Bigda, Beth Braverman, Kim Clark, Donna Rosato and Tali Yahalom