BiggerPockets Daily Need a Steady Supply of Tenants? These States Have the Highest Retention Rates in the Country
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Jul 23, 2025 Discover which states boast the highest tenant retention rates, crucial for real estate investors. Texas and North Carolina lead the pack, thanks to robust job markets and affordability. Learn how location impacts property management amidst economic challenges. Dive into the benefits of investing in markets like Georgia and California, and explore strategies like the 1031 exchange. With insights on Utah's promising rental landscape, this discussion unveils where lasting tenant demand thrives, ultimately enhancing stability and returns for landlords.
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Importance of Tenant Retention
- High tenant retention is critical for landlords due to tight margins and rising operating costs.
- Keeping reliable tenants reduces vacancy risks and the hassle of repeated screenings.
Texas Highest Retention State
- Texas leads with 82% retention due to economic opportunity, tax friendliness, and affordability.
- Suburbs north of Dallas are rapidly expanding attract long-term residents, ideal for long-term investments.
North Carolina's Retention Drivers
- North Carolina sees strong retention because residents stay after attending local colleges and finding jobs.
- The state offers good jobs in tech, finance, and medical fields with a reasonable cost of living.