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Midwest Leads Single-Family Rental

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The highest yielding single-family rental markets in the first quarter were older Midwestern metro areas, RentRange Data Services and HomeUnion reported.

Detroit, Cleveland, Ohio and Milwaukee had the highest single-family rental property gross yields in the quarter, ranging from 15.8 percent in the Milwaukee area to 17 percent in the Detroit area. Sales price increases in these markets have lagged behind faster-growing markets in the south, southwest and on the coasts, leading to higher yields in the Midwest.

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