Thinking about purchasing a home or an investment property? Open to relocation? Inman Real Estate News recently released a list of the 10 Best Markets for Real Estate Investors. Affordable housing markets allow for tremendous earning opportunities for buyers.
Inman’s list is based on a number of critical factors including: high affordability, low and dropping prices, a high market share of foreclosure sales, high population growth, an improving unemployment rate that is close to or better than the national average, high projected return on investment over the next decade, and a low total cost of ownership-to-rent ratio. Inman also consulted housing, demographic and economic data from hundreds of metropolitan areas across the nation.
The list includes two areas in West Virginia, as well as two cities of Gainesville! The top 10 are:
- Indianapolis, Indiana
- Winchester, Virginia/West Virginia
- Gainesville, Florida
- Tucson, Arizona
- Tallahassee, Florida
- Hagerstown-Martinsburg, Maryland/West Virginia
- Salt Lake City, Utah
- Richmond, Virginia
- Gainesville, Georgia
- Winston-Salem, North Carolina
The majority of the listed cities are in the South. According to the U.S. Census Bureau, in the past decade the South has seen the biggest jump in population, up 14.3 percent to 114 million people, which is a major contributor to the market.
Have you bought or sold a home in one of these markets?