Great Article from CNBC.

More Americans are renting homes today than at any time in more than half a century.

As a result, more investors are looking to cash in on that trend as landlords of single family rental homes. If you’re one of them, you want to know where you’ll get the most bang for your buck. Try this ZIP code: 33434.

That is the finding of HomeUnion, one of several companies that help investors find, purchase, renovate, manage and sell single-family rental homes. With so much real estate data available now, most of these companies are compiling lists of best bets.

HomeUnion is offering a list of projections for investors looking to hold and rent properties over the next five years. Its analysts are considering factors beyond just vacancies and rent appreciation, examining permitting activities for both apartments and single-family homes, as well as area job growth and school rankings. HomeUnion updates its data each quarter.

“We’re looking at the supply-and-demand factors in each market and all of the neighborhoods within those markets,” said Steve Hovland, director of research. “As we get new information, we apply that to our methodology.”

ZIP code Submarket Metro Area Annualized Total Return School Rating
19035 Gladwyne, Penn. Philadelphia 6.9% 86.9
30078 Snellville, Ga. Atlanta 5.8% 72.5
33158 Palmetto Bay, Fla. Miami 6.8% 83.9
33327 Weston, Fla. Fort Lauderdale, Fla. 6.6% 70.5
33434 Hamptons at Boca Raton, Fla. West Palm Beach 8.1% 87.9
34677 Oldsmar, Fla. Tampa 5.7% 78.6
37062 Fairview, Tenn. Nashville 6.5% 70.6
44023 Chagrin Falls, Ohio Cleveland 5.6% 70.8
45255 Forestville/Cherry Grove Cincinnati 5.9% 75.7
46280 North Indianapolis Indianapolis 5.4% 71.9
48322 West Bloomfield Township, Mich. Detroit 6.9% 74.4
60016 Des Plaines, Ill. Chicago 6% 76.4
63043 Maryland Heights, Mo. St. Louis 5.5% 71.9
66223 Overland Park, Kan. Kansas City 6.2% 97.4
73003 Edmond, Okla. Oklahoma City 5.4% 90
75022 Flower Mound, Texas Dallas 5.6% 84
77059 Clear Lake City, Texas Houston 5.6% 76
85259 North Scottsdale, Ariz. Phoenix 5.5% 88
91602 North Hollywood, Calif. Los Angeles 5.4% 71.4
97224 King City, Ore. Portland, Ore. 5.8% 81.9