IRVINE, CA—RealtyTrac has ranked the top 10 college towns for buying rental properties, and the top 10 college towns for flipping.
With an average rental yield of nearly 14%, the city of Akron OH, home of the University of Akron, tops the list of top college towns for buying rental properties. Following closely is Trenton, NJ, home of Thomas Edison State College, with an average gross rental yield of 13.2%, and Gainesville, FL, home to the University of Florida, with an average gross rental yield of 11.34%.
For these rankings, RealtyTrac looked at public 4-year universities with a total 2012 enrollment of 20,000 or more based on data from the National Center for Education Statistics and located in counties with an unemployment rate below the national average of 6.2% in June 2014.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
