October 8, 2013

Index: Central Mass. #5 in U.S. For Owning Rental Property

Courtesy of All Property Management

Worcester County is the fifth best place in America to own rental property, according to an index compiled last month.

The All Property Management index found Worcester County had the fifth lowest vacancy rate and the sixth greatest rate of housing price appreciation of any of the nation's top 75 metropolitan statistical areas.

"Who could ask for more big-city resources and services with family-oriented conveniences and amenities," said Joe Salvia, vice president of Wellesley-based Maloney Properties, in a statement.

The index was compiled using five metrics measured by the federal government or CoreLogic, which gathers property and consumer information. Two-thirds of the tracked metropolitan areas fared better than Worcester County in job growth and annual rate of return.

Aside from Worcester County, the Rochester, N.Y., metropolitan area was the only site in the Northeast to crack the index's top 10.

Read more

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