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All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 1 times.

Market Trends & Data

Post: Measuring rental demand?

Account ClosedPosted
  • Posts 1
  • Votes 0

Hi investors,

Would greatly appreciate your advice on how to measure if there's enough rental demand in a town. 

I'm looking to buy my first investment property in the suburbs of Detroit (e.g. Royal Oak, Ann Arbour). There are a few dozen houses with my target number of beds/baths/sqft that have been listed for rent on Zillow for 2+ months with 0 applicants.

Is this normal or is it a sign that's there's not enough demand for rentals? How do you measure rental demand before committing on a market?


Gratefully,

Hilary

0 Votes
Detroit, Michigan