Real Estate’s Best-kept Secret: Cities That Real Estate Investors Can’t Miss!

A lot of investors are captivated by real estate because of the advantage of recurring income. While it is an appealing investment, you ought to know the best places to invest in! It is because the market dynamics vary from city to city, depending on the state in which they are located. 

In-depth research about different factors in a certain city will save you headaches later when figuring out things after investing.  

This post will help you learn some of the best cities you must look like a real estate investor.

Here are the Best Cities for Real Estate Investors to Look Into

The housing market is very dynamic. Home prices and rent keep fluctuating from one market to another every year. Still, there are a few cities where you can successfully make your investment for potential revenue earning.  

Read on… 

1. Boise, Idaho

Home prices in this city keep on increasing thanks to supply and demand. It is a suitable location for real estate investors since it has remained on the country’s list of long-term real estate investments.  

Even during the 2020 coronavirus pandemic, the home prices in Boise have remained high. Job opportunities and the population in Boise have grown three-fold the national average.  

It has an unemployment rate of 3.5%, and the cost of conducting business is incredibly low. So, there is an opportunity for real estate investors to grow their business. In fact, Forbes ranked it sixth for cities with the highest job growth. 

2. Atlanta, Georgia

In the past ten years, the population in Atlanta has exceeded a 14% growth. The increasing population is one of the reasons why the demand for more housing in the city is equally growing. 

Any thriving real estate market has soaring employment opportunities and population, evident in Atlanta. The median monthly rental price is $1,500, and there is an expected appreciation of 9.3% in the next three years. 

3. Sacramento, California

The median annual rent in Sacramento is $15,720, and the median home value is $358,300. This is one factors that makes Sacramento appealing for real estate investors, as the price-to-rent ratio is 22.79.  

In fact, it is the most sought-after city for people moving from San Fransisco Bay looking for a more affordable place to live. As a result, 24% of Bay Area residents moved to Sacramento. 

4. Orlando, Florida

A 3.46% increase in jobs every year has contributed significantly to the thriving economy of Orlando. Rent and population growth have also grown remarkably over the years.  

The strategic location of Orlando, in the central part of the Sun Belt region, is a hotspot for tourists and migrating retirees. In 2019, Forbes ranked Orlando first in their list of the best places to buy a second home. 

Up-to-date, the metropolitan area has still been thriving. The job growth rate is 3.46%, while the home value index is $238,900. The year-over-year home price and rent growth rates are 7.5% and 6.78%, respectively.

5. Houston, Texas

Houston has a population of around 7 million and a home value index of $205,600. The city has continued to grow, with the population rising to twice as much as the population rate in the country. In fact, Houston is the fifth-largest metro area in the country. 

The economic growth rate and employment rate are always multiplying because of the fact that the city is business-friendly. The year-on-year rent growth is at 1.92%, while the forecasted annual home price growth is 1.6%. 

6. Las Vegas, Nevada

The real estate market in Las Vegas is not only stable but also predictable, and this makes it one of the best places to invest. In 2019, its real estate market was the hottest in the country.  

The business-friendly environment has propelled the Las Vegas economy forward, which is one of the contributing factors to the low unemployment rate of 3.5%. The population increase is also steady, currently at 2,699,000, and with a diversified economy, the employment rate is high. 

Another contributing aspect to the thriving economy of Las Vegas is the no-tax regulations for corporations and individuals. Also, there are no other business-related taxes in the city, making it easy to start and grow businesses. 

7. Boca Raton, Florida

The Boca Raton real estate market is thriving, the good thing is its diversity. Whether you are looking to invest in villas, single-family homes, townhouses, or condos, the opportunities are endless.  

The median list price is $254,350, while the average days on the market for properties is 131. The real estate market trends are healthy and quite attractive; property prices in South Florida are constantly increasing. 

8. Cincinnati, Ohio

Cincinnati is one of the most affordable places to invest in real estate, with home prices lower than the national average by 25.1%.  

A swelling job growth rate of 2.31% and a low employment rate of 2,9% make Cincinnati a target for many real estate investors. Cincinnati’s home value index is $169,900, while the gross rent multiplier is at 10.60. 

9. Chicago, Illinois

Chicago comes third in the biggest metropolitan areas in the US. The real estate market is stable, the economy is flourishing, and the population is massive.  

Chicago was considered the best in 2018 by the Time Out City Index, and over 50% of its inhabitants rent. On many occasions, Chicago has been rated as the city with the most balanced economy. 

From the affordability of the real estate properties in the city to constantly increasing rent prices and the $1,761 median rent per month, Chicago is among the top cities for real estate investment. 

Wrap Up

Whether you want to diversify your real estate investments or are new in the market and looking to make a new investment, you will never run out of options.  

Depending on your budget, your investment goals, and preferences, the above cities are locations worth looking into. 

Real estate Investing shouldn’t be a rush decision; research the area you are about to invest in and make sure you familiarize yourself with all the important aspects of real estate investment. 

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