Where to purchase investment property

Houston is a stable, landlord-friendly market that offers both cash flow and equity growth. S and the cost of living is well below the national average. This shows us that people are moving to Houston in greater numbers than the majority of other American cities. Another positive indicator of a strong housing market. Making the Houston metro area not only affordable, but an opportunity for real estate investors to generate cash flow.

Although home values in Huntsville are appreciating more slowly than the national average, the price-to-rent ratio available in some neighborhoods makes it appealing to cash flow investors. Read on to find out the details. The fourth-largest city in Alabama, Huntsville is just a mile drive on the I heading north from Birmingham. Founded in , Huntsville is known for its rich Southern heritage and a legacy of space missions.

Today, Huntsville is one of the most well known cities in the Southeast part of the country. Huntsville is also well known for its technology, space, and defense industries. The top employer is the military with over 31, jobs at Redstone Arsenal. The city is also home to several Fortune companies, which provide a broad base of manufacturing, retail, and service industries to the area.

That said, the job market fared better than most other cities around the country. Huntsville is also one of the U.

We believe that Huntsville is another one of the best places to buy rental property in , because the real estate market offers great opportunities for investors today. These are good signs for investors interested in generating passive monthly income. To recap, here are the three primary factors that make Huntsville one of the best cities to invest in real estate in Huntsville is well known for its technology, space, and defense industries.

The top employer is the military with over 31, jobs at nearby Redstone Arsenal. The city is also home to several Fortune companies, which provide a broad base of manufacturing, retail and service industries to the area. This shows us that people are moving to Huntsville at a higher rate than most other cities across the United States. This type of population growth, when coupled with affordable real estate prices and job growth, are all positive indicators that the Huntsville real estate market is strong.

Huntsville also enjoys lower tax rates and competitive rents, in some neighborhoods as high as 0. This makes Huntsville an excellent place to buy cash flowing rental property in That said, it is possible to find nice homes at even lower prices in certain neighborhoods, and still pull in comparable monthly rents.

With a metro area of over 2. The city of Indianapolis has poured billions of dollars into revitalization and now ranks among the best downtowns and most livable cities, according to Forbes.

Housing costs and the annual cost of living in Indianapolis are also well under the national average. Indy also has a strong, diverse job market, great schools and universities, and plenty of sports attractions.

Job growth in the Indianapolis metro has declined 3. However, the job market has performed 45 percent better compared to the national average. Their unemployment rate is around 6. This is slightly lower than the national price-to-rent ratio of 0. What do all of these factors tell us about the real estate market potential in Indianapolis?

Like most of the markets on this list, Indianapolis is a strong real estate market because it has job growth, population growth and affordability. Indianapolis is one of the fastest growing hubs for technology, bioscience and Fortune companies in the nation.

Indianapolis is among the few U. This shows that Indianapolis is very affordable with a great opportunity to earn passive rental income. The Jacksonville metropolitan area has an increasing number of people moving there to fill available jobs in an expanding market. Real estate investors seeking excellent appreciation and decent cash flow can find that in the Jacksonville area. Located on the eastern coast of Florida, Jacksonville lines both banks of the St.

Johns River — the longest river in Florida and also one of only two rivers in North America that flows north instead of south. To date, there are over 1. There are many reasons for this growth. For starters, Jacksonville is the only Florida city that is home to four Fortune companies. The region also has a world-class health care system, with more than 20 hospitals and a growing bioscience community. Additionally, 13 of Forbes Global have operations in Jacksonville.

Jacksonville has three seaports, four airports and an immense highway and rail system. There are two major distribution centers in the area, Southeast Toyota the largest distributor in the country and General Motors Corp. Within its city limits, Jacksonville has the third-largest military presence in the entire nation.

Importing and exporting are another huge source of revenue for Jacksonville as well as the state of Florida. With a cost of living below the national average, a wonderful climate and a business-friendly environment, we believe Jacksonville is one of the best real estate investment markets in the country right now.

It also has a lower than national average tax rate for real estate. There are three main reasons that Jacksonville made our list of the best places to invest in property: job growth, population growth and affordability.

Jacksonville is one of the best cities in the U. The Montgomery metropolitan area is an exciting real estate market for because it offers below-average home prices and the area has strong job growth. Even though the population has slightly declined over the past several years, it still continues to be a desirable place to live and work, due to its low cost of living. Continue reading to find out more reasons we are excited about Montgomery. Montgomery is the second-largest city in the state of Alabama and the th largest metro area in the country.

Interestingly, more than , residents live within 50 miles of Montgomery County. Montgomery and Birmingham are two cities in Alabama that investors should keep their eye on. As mentioned throughout this article, there are three key factors to look at when considering a real estate market: job growth, population growth and affordability.

Between November and November , the number of jobs in Montgomery has decreased by 5. This is a good sign for real estate investors because job growth leads to population growth, and people need housing. Although this is a lot slower than the national average, a stable and growing job market is a good sign of a good real estate market.

Its population growth in the previous years has been exceptionally fast and the job market is strong despite losses due to COVID Learn more about all the investment opportunities the Orlando real estate market has to offer in The demand for single family homes has been on the rise in the Sunshine State for quite some time.

As you can imagine, this is causing rental rates to rise and are expected to keep going up in On top of great cash flow, values are on an upswing in these areas with no sign of slowing down. Add warm weather and exceptional health care, and you can see why many of the 10, baby boomers retiring every day are moving to Florida. These industries are an enormous source of income for the city of Orlando. However, in we should start to see jobs being added back as the COVID vaccination becomes more readily available.

The good news is that people are still moving to Orlando and the housing market continues to thrive with great levels of appreciation. As mentioned, most of the best places to invest in real estate have three factors in common: job growth, population growth and affordability.

Orlando is no exception…. Additionally, a projected growth rate of 3. This means the demand for housing is likely to increase. Tampa is another great real estate market in Florida for In the past few years, real estate values in Tampa have increased significantly and this growth is expected to continue in —a good sign for investors looking for appreciation.

Located on the west coast of Florida, Tampa Bay is a densely populated metropolitan area second only to Miami , with a population of more than 3. Major cities in this area include St. There are several major attractions in the area including, Busch Gardens and the Tampa Zoo. Sports fans also flock to Tampa as there are a number of professional and collegiate sports teams in the area.

Why is Tampa on our list of best places to buy real estate in ? Tampa also places a strong focus on job growth in areas such as financial services and healthcare. The real property tax rate in Florida is 0. Without the Coronavirus pandemic, the Greater Tampa Bay area creates more than 34, new jobs a year. Tampa and surrounding areas continue to be some of the best real estate markets in the country. We believe Tampa is one of the best places to buy rental property in because it has all three.

In a normal year, the number of new jobs created in the Tampa area has outpaced the national average. Tampa has a population of 3. An area with mostly high-priced homes, Tampa still has pockets where investors can find homes at affordable prices. Back to Learning Center. Last Updated: June 3, See all results.

Share on facebook. Share on twitter. Share on pinterest. Share on linkedin. Share on email. Share on print. Kathy Fettke. Article Quick Links. About the Albuquerque Housing Market. Housing Market Statistics.

Housing Market Quick Facts. In , the median monthly rent of an average home in the U. This shows us that Albuquerque is experiencing consistent growth year after year. One good thing to note is that the unemployment rate has been steadily falling in as people regain their jobs after the COVID pandemic. In April , the unemployment rate was 8. About the Atlanta Housing Market.

This is slightly higher than the national average of 5. However, in , the job growth rate was higher than the national average. About the Baltimore Housing Market. Population : 2. This shows us that Baltimore is experiencing slower, but steady population growth year after year. However, in a normal year, the job market in Baltimore is creating jobs rapidly. About the Birmingham Housing Market.

Population : 1. Birmingham is affordable. The average home prices in Birmingham are still well below national levels, which means investing here is more affordable than many other U. Birmingham offers a cash flow opportunity. Average homes in Birmingham can rent for more than 0.

Birmingham is stable. Birmingham is not experiencing wild appreciation or depreciation swings, which makes it more stable than many other U. This means that investing here is likely less-risky than many other markets too. Birmingham is growing steadily. Over the last 6 years, Birmingham has experienced both population and job growth at a slow, but steady yearly rate. All good signs that this market will continue to be stable for years to come.

About the Charlotte Housing Market. Get a FREE property valuation. The 30 best places to consider buying rental property. Last updated on October 1, This article, and the Roofstock Blog in general, is intended for informational and educational purposes only, and is not investment, tax, financial planning, legal, or real estate advice.

Roofstock is not your advisor or agent. Please consult your own experts for advice in these areas. Although Roofstock provides information it believes to be accurate, Roofstock makes no representations or warranties about the accuracy or completeness of the information contained on this blog. Roofstock makes it easy to get started in real estate investing. Subscribe to get our top real estate investing content.

Subscribe Here! Recommended Articles. Introducing Roofstock One, a new way to craft custom, passive real estate investment portfolios. The primary drivers of the Las Vegas economy are tourism, gaming, and conventions, which in turn feed the retail and restaurant industries. Most of the manufacturing plants are concentrated in the communities of Henderson and North Las Vegas. No state tax for individuals or corporations, as well as a lack of other forms of business-related taxes, have aided economic growth.

Construction is also a significant component of the economy. The low unemployment rate of 3. Bureau of Labor Statistics. Rising rents. The average condo or townhome costs nearly , dollars, and their prices increased 11 percent. Currently, Las Vegas is a sizzling seller's real estate market in the United States. Orlando, Florida Orlando, FL is a tourism and entertainment favorite, because of this, it remains a strong real estate investment destination.

It is the center of the Orlando metropolitan area, with a population of about 2. Third-largest metropolitan area in Florida.

Orlando's real estate has been one of the best long-term investments throughout the last decade. It has appreciated by Strong economic and job growth.

Orlando is a major industrial and hi-tech center employing thousands of people. The low unemployment rate of 2. Bureau of labor statistics. Currently, Orlando is a sizzling hot seller's real estate market in the United States. Spokane, Washington Spokane stands at the 5th position. The second second-largest city in Washington by population. It is a beautiful city to live in. Spokane has a system of over 87 parks and includes six neighborhood aquatic centers.

It has several trendy, walkable, and revitalized neighborhoods with good walkability and local shops. Spokane's diversified economy includes mining, forestry, agribusiness, high-tech, and biotech sectors. Affordable real estate.

Rising Rents in Spokane. Owners of both single-family homes and rental property are seeing good returns. Currently, Spokane is a red-hot seller's real estate market in the United States. Tampa, Florida Tampa, FL is also on the list of best places to invest in real estate in Affordable Real Estate. Currently, Tampa is a red-hot seller's real estate market in the United States.

Investors can buy properties at lower rates right now and rent them out to new residents of the city to improve their cash flows. Tampa has the headquarters of four Fortune companies which makes it a moderately attractive city for work and economic growth. The influx of people into Tampa is especially occasioned by the fact that it one of the fastest-growing job hubs in the country.

The healthcare, education, and transportation facilities in Tampa are also impeccable. Austin, Texas Austin, TX is also on our list of best places to invest in real estate. Growing population. It is the 11th most populated city in the U. Currently, Austin is a red-hot seller's real estate market in the United States. Austin has a record of being one of the best long-term real estate investments in the U. The Austin real estate appreciation rate in the last quarter was around 1.

Chicago, Illinois Chicago is also on our list of the best places to invest in real estate. Fully renovated single-family homes with great ROI.

Solid blue-collar areas with high rents. High private sector employment. Often rated as having the most balanced economy in the United States. Ranked seventh in the entire world in the Global Cities Index. Home to 12 Fortune Global companies and 17 Financial Times companies. Rising rent prices. Columbus, Ohio Columbus is also on the list of the best places to invest in real estate. Very affordable real estate. Large rental market. Ohio is landlord-friendly, so that's good for owning a rental property.

The sheer variety of colleges in the area means that investors can rent to the large population of students in Columbus without worrying about their property values rising and falling based on the popularity of a flagship school.

Lakeland, Florida Lakeland, FL also enters the list of the best places to invest in real estate in It is the largest city on Interstate 4 between Orlando and Tampa.

Lakeland is a transportation hub. In the past few decades, tourism, medicine, insurance, transportation, and music have grown in importance. More than 22, people moved to the Lakeland-Winter Haven metropolitan area from July 1, , to July 1, , according to the U.

Census Bureau. The 3. Single-family detached homes are the single most common housing type in Lakeland. Studio apartments are the smallest and most affordable for rental rates. Lakeland's appreciation rates in the latest quarter were at 1.

Currently, Lakeland is a red-hot seller's real estate market in the United States. Ocala, Florida Ocala, FL finds itself on the list of the best places to invest in real estate in In the last decade of the twentieth century, the greater Ocala area had one of the highest growth rates in the country for a city of its size.

Ocala is also a great city to live in for families. The median age is about When you buy real estate in Ocala you are investing in an area that is situated between three huge cosmopolitan centers, namely Tampa, Orlando, and Jacksonville. The average annual real estate appreciation rate over the past decade has been around 2.

Currently, Ocala is a red-hot seller's real estate market in the United States. Birmingham, Alabama Birmingham, AL also ranks in our list of the best places to invest in rental real estate in Birmingham is the seat of Jefferson County, Alabama's most populous and fifth-largest county.

Being home to several colleges and universities, Birmingham has a large pool of student renters. Strong and diversified economy. Birmingham is a leading banking center and a powerhouse of construction and engineering companies. Currently, Birmingham is a red-hot seller's real estate market in the United States.

Durham, North Carolina Durham, NC is also one of the best places to invest in rental real estate in The U. Census Bureau estimated the city's population to be , as of July 1, , making it the 4th-most populous city in North Carolina, Also, the 79th-most populous city in the United States.

Durham is also a national leader in health-related activities, which are focused on the Duke University Hospital and many private companies. Durham has a track record of being one of the best long-term real estate investments.

Average annual home appreciation rate of 4. Currently, Durham is a seller's real estate market in the United States. Charlotte, North Carolina Charlotte is also one of the best places to invest in rental real estate in Charlotte's home values have gone up 5. Charlotte's appreciation rates in the latest quarter were at 0. It is one of the best places to live in North Carolina. Ranked one of the best places to live in the United States for , according to U.

The Queen City is 34th in the best places to retire. It offers residents an urban-suburban mix feel and most residents own their homes. The city has a mixture of owners and renters, with The city is the cultural, economic, and transportation center of the Charlotte metropolitan area, whose population ranks 23rd in the U.

Charlotte has become a major U. Between and , Charlotte saw a 2. Currently, Charlotte is a seller's real estate market in the United States. Colorado Springs, Colorado Colorado Springs is also on the list of the best places to invest in rental real estate in Home values have gone up by 7.

Currently, it is a red-hot seller's real estate market in the United States. Single-family detached homes are the single most common housing type in Colorado Springs. Colorado Springs's appreciation rates in the latest quarter were at 1. Colorado Springs had a 5. It was ranked as the fifth-best city in the United States to find a job in , according to a survey released by Wallethub. In , U. Currently, Colorado Springs is a sizzling hot seller's real estate market in the United States. Denver, Colorado Denver also makes the list of the best places to invest in real estate in The current metro area population of Denver in is 2,,, a 1.

In , Denver has named the best place to live in the United States by U. The average number of days on market is Colorado has had the lowest rate of mortgage delinquencies in any state.

A third of the Denver metro area rents. Denver South is home to 7 Fortune companies. Raleigh, North Carolina Raleigh is also on the list of best places to invest in rental real estate in Raleigh home values have gone up by 2.

Currently, it is a seller's real estate market in the United States. Single-family detached homes are the single most common housing type in Raleigh. Raleigh's appreciation rates in the latest quarter were at 1. Between and the population of Raleigh, NC grew by 1. The Raleigh, North Carolina area is the highly-rated area in the country for information and technology job opportunities.

It is second to Austin, Texas, which ranks 1. Phoenix, Arizona Phoenix is also on the list of best places to invest in rental real estate in Phoenix home values have gone up 8. Phoenix's housing market has been one of the highest appreciating communities not only in Arizona but in the nation as well. Its more reasonably priced housing, lower cost of living, available workforce, and stable climate forecast a growing economy and stronger housing growth.

Prices are up The national economy is super strong and the number of people moving into Phoenix is finally strong again after tanking during the Great Recession. Seattle, Washington Seattle too makes our list of one of the best places to invest in real estate for those who can afford it.

According to Mashvisor, the decreasing home values in Seattle demonstrate the real estate market is restoring balance and returning to a healthy state. According to many experts, Seattle remains one of the top places to invest in real estate. More people move to Seattle each year. Census places Seattle fourth for growth among the 50 biggest U. Seattle is a great city for families to start and grow, with a lot of quality public schools and lush green scenery.

It has a diverse mix of neighborhoods to choose from — from tree-lined streets to urban condos and townhomes. Seattle's one of the greenest cities in the U. The dollar volume of foreign buyer purchases accounted for 10 percent of the dollar volume of existing-home sales, an increase from the eight percent share during the previous period. Foreign buyers purchased , residential properties, an increase from , during the previous month period.