Real Estate Investing: Top 25 Most Saturated Rental Markets

When conducting rental market analysis for real estate investing, many investors look at the rental saturation and vacancy rates in a particular market. It’s imperative to understand how saturated the market is and gauge demand level. As detailed in previous blogs, low vacancy often indicates high demand, which can translate to higher rental rates and better returns for investors.

The rental report below lists the top 25 metropolitan statistical areas (MSAs) with the highest percentage of housing being used as rental properties. The data has been filtered to reflect MSAs with 50,000 units or more to generate clearer, more accurate results. 

Top 25 Most Saturated Rental Markets*

MSA% Rental Saturation

  1. Crossville, TN70.4%
  2. Hilo, HI69.1%
  3. Sevierville, TN66.1%
  4. Ocean City, NJ60.1%
  5. Barnstable Town, MA53.6%
  6. Morristown, TN50.8%
  7. Charleston, WV50.6%
  8. Cookeville, TN49.5%
  9. Thomasville-Lexington, NC48.3%
  10. Lake Havasu City-Kingman, AZ46.4%
  11. Seaford, DE46.3%
  12. Lebanon, NH-VT45.8%
  13. East Stroudsburg, PA45.5%
  14. Rocky Mount, NC45.0%
  15. Traverse City, MI44.7%
  16. Statesville-Mooresville, NC5.0%
  17. Jacksonville, NC41.0%
  18. Hickory-Lenoir-Morganton, NC40.8%
  19. Kingsport-Bristol-Bristol, TN-VA40.7%
  20. Johnson City, TN40.7%
  21. Prescott, AZ40.1%
  22. Macon, GA39.9%
  23. Joplin, MO39.3%
  24. Niles-Benton Harbor, MI39.0%
  25. Gulfport-Biloxi, MS38.0%

If you are considering residential real estate investing, strong rental market analysis and reporting are key to making better informed decisions. Together, Investability and RentRange can arm investors with vital market and property-level data to help you make discerning investment decisions.

*Based on data collected by RentRange®

BlogMichael Shai