Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

30
Posts
7
Votes
Mohammed A.
  • Ellicott City, MD
7
Votes |
30
Posts

How to find out local single family rental market

Mohammed A.
  • Ellicott City, MD
Posted

Just sold one single family rental. Now I need to rent another SFH in Ellicott City MD. We are currently living to this house. Before I buy something else and rent this house I wanted figure out the strength of single family house rental market in Ellicott City, MD. It is one of the best school district in Maryland. I suspect rental market is strong. However, I wasn't sure how strong it is for single family house.

I looked into Zillow rent to see how many 5 bedroom small SFH house (2000 sq ft excluding finished basement) is on the market for rent in my zip code and how long they have been on the market. I found only one house which is on the market for rent for 38 days. Not sure what to make out of this. I couldn't find historical rental information (i.e how many similar SFH were rented for last 6 months or 1 year in my area and how long those were in the market)

I looked into rentometer.com to find out how many similar houses were rented in past 6 months to 1 year within 2 mile radius. There were only three. This gives an idea of how much rent should I ask. However, it doesn't tell me how long those houses were vacant or on the market for rent.

Any other ideas or thoughts to figure out the strength of local rental market?

I was planning to talk with local agent. But before doing that I thought I would reach out to BP. Thanks in advance for sharing your ideas/tips.

Thanks.

Mohammed.

Loading replies...