Oklahoma tops chart of best places to be a landlord

Home prices continued to gain steam in May according to a closely-watched reading, even as mortgage rates climbed.

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OKLAHOMA CITY – People across the country are drawn to the Sooner State for many different reasons.

Experts say the cost of living is low, which leads people from all walks of life to move to Oklahoma.

A well-known website says a lot of homeowners are becoming landlords and it is a profitable move in Oklahoma City.

Oklahoma City topped Zillow’s list of the ‘Top Places Where Mom-And-Pop Landlords Make The Most Money.”

The website defines mom-and-pop landlords as homeowners who have turned their personal home into a rental rather than selling the property when they move.

Experts say Oklahoma City landlords make a $536 a month in profit on average, or $6,431 a year.

Zillow Rentals analyzed the top 50 U.S. metros to determine which areas are the best short-term and long-term for landlords.

Their findings are as follows:

  1. Oklahoma City, Okla.
  2. Miami-Ft. Lauderdale, Fla.
  3. Tulsa, Okla.
  4. Cincinnati, Ohio
  5. Denver, Colo.
  6. Rochester, N.Y.
  7. Tampa, Fla.
  8. Dallas- Ft. Worth, Texas
  9. Indianapolis, Ind.
  10. Memphis, Tenn.

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