Central Ohio is the nation’s hottest real-estate market, according to Realtor.com listing service. Strong job growth and low interest rates are fueling demand,
Which real estate markets should I invest in?
The best markets for investing in real estate often have three features in common: job (employment) growth, population growth and affordability. These socio-economic factors can affect the overall profitability of an and its success. There are several cities across the United States where the above-mentioned factors exist today. Here are 10 of the in the U.S in 2018:
1. Orlando, FL
is one of the best places for buying rental property in the entire state of Florida. In fact, ranked the city as the 3rd best investment location in the United States! It’s a home to 3.3 million residents and despite the low housing prices, many choose renting instead of buying rental property. As a result, rental rates are shooting up which is great for property investors!
The city is known for its warm climate, beautiful beaches, world famous amusement parks and attractions which makes it the ultimate tourists’ destination. With over 60 million people visiting the city, Orlando real estate is a top location not only for traditional, but also .
Orlando Real Estate Market Statistics
- Median Home Price: $188,000
- Median Monthly Rent: $1,360
2. Tampa, FL
Tampa Bay is a heavily populated metropolitan area, with a population of over 4 million residents. The city is ranked as one of the top 20 fastest growing in the U.S, and it remains a great tourism destination, making it a great marker for. Tampa also has a strong local economy with a strong focus on job growth in areas of financial services and healthcare. In addition, property investors can find affordable homes for even as low as $90,000!
Tampa Real Estate Market Statistics
- Median Home Price: $136,000
- Median Monthly Rent: $995
3. Jacksonville, FL
Jacksonville is one of the best real estate markets for right now thanks to a low cost of living, a wonderful climate, and a business-friendly environment. Over the last 10 years, Jacksonville has grown by a 20%, as 1.3 million people currently living in the city and more continue come every year. In addition, Forbes ranked it #3 of the best cities in for jobs, with the workforce growing at a consistent rate with the population as well.
Jacksonville Real Estate Market Statistics
- Median Home Price: $154,000
- Median Monthly Rent: $1,050
4. Houston, TX
Although real estate experts believe the housing market is already on a significant rising trend. Houston is considered more affordable than many U.S. markets. Thanks to the low prices of and lower mortgage rates, many people are moving to Houston from more expensive cities such as New York and San Francisco, leading to an increased demand for real estate investing.will stay in a recovery mode from Hurricane Harvey in 2018,
Houston Real Estate Market Statistics
- Median Home Price: $150,000
- Median Monthly Rent: $1,425
5. Austin, TX
2017 was a great year for real estate research team at , home prices in the Austin real estate market are expected to rise by 3% in 2018, yet, investment properties in Austin are still considered affordable!, and this positive trend is expected to continue in 2018. The local economy is thriving in Austin, with employment rates rising and more people are moving to the city. According to the
Austin Real Estate Market Statistics
- Median Home Price: $465,000
- Median Monthly Rent: $2,190
6. Las Vegas, NV
real estate market to look forward to in 2018! The economy of the city is expected to grow with more people moving there for many reasons, but the main one being the city’s still striking home affordability and the low interest rates. Moreover, job growth rates are rising to 2.7%. Moreover, an average of 43 million people visit making it one of the hottest tourists’ destination in the country. Therefore, it’s one of the best real estate markets for investing in Airbnb rentals.named Las Vegas the number one
Las Vegas Real Estate Market Statistics
- Median Home Price: $235,000
- Median Monthly Rent: $1,395
7. Cleveland, OH
market as Millennials are moving to the city to take advantage of the available job opportunities. With a workforce of over 2 million people, Cleveland is the 12th largest economic region in the nation. Moreover, it’s not hard to for as low as $70,000 and turn that into $800 a month. Not to mention, occupancy rates are at an astounding 98%! These make the city a great real estate investing market.is a fast growing
Cleveland Real Estate Market Statistics
- Median Home Price: $122,000
- Median Monthly Rent: $1,140
8. Columbus, OH
Columbus also offers great opportunities for real estate investing, especially for those who are looking for an affordable investment property. A can buy a fully renovated income property for less than $100,000.
Job growth in Columbus is also one of the best in the country with an increase of 2.35% between 2016 and 2017 – a trend which will continue to grow in 2018. Accompanying this job growth is, of course, the increase in population. Columbus’ population has grown over 7% over the last 5 years. Furthermore, Forbes named Columbus as one of the top 10 cities in America to relocate to!
Columbus Real Estate Market Statistics
- Median Home Price: $93,000
- Median Monthly Rent: $1,000
9. Nashville, TN
Nashville’s employment rate has seen a growing in the past year thanks to a series of construction projects which helped the city’s economy. Despite the increasing home prices, local investment properties have remained affordable. In addition, the population is growing more than double the US rate!
Nashville Real Estate Market Statistics
- Median Home Price: $289,900
- Median Monthly Rent: $1,750
10. Atlanta, GA
Atlanta is the third-largest metropolitan region in the Southeast, attracting families from all over the southern United States as well as the Midwest. Last year, 74,500 new jobs were created in Atlanta – an annual growth rate of 2.85% (which is higher than the national average of 2.35%). With this job growth, the population also grew close to 4% which is a good sign for buying rental property in Atlanta.
Atlanta Real Estate Market Statistics
- Median Home Price: $152,000
- Median Monthly Rent: $1,240
These are the bet 10 real estate, consider searching in one of these cities.of 2018 in the United States. So, if you’re thinking of investing in
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