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Updated over 4 years ago,
SFR vacancies in Louisville, KY
Hello everyone!
I'm Eric Fallon and I'm new to the BP forums. I'm originally from Louisville, KY and so I want to start investing there since my wife and I currently live in Los Angeles.
I've been looking a lot at single family rentals and would like to know what you all do to estimate vacancy on a SFR? Finding multi-family vacancy data has been easy for me, but SFRs are a completely different product type with different types of tenants.
From what I've been able to gather, it looks like the downtown, east end, and saint matthews submarkets appear to have the highest vacancies for multi-family (not to mention, the least favorable rent:price ratios, at least for small apartments), but does this hold up as well for single family rentals? What sources do you use to find SFR vacancy levels for particular parts of town?
I'd love to hear anyone's thoughts on this. Thanks!