Are you searching for information on the best cities for investment properties in 2021?
Real Estate continues to be one of the best assets in the United States because when the Stock Market or other assets experience uncertainty, Real Estate continues to produce consistent income and ROI on a monthly basis.
In this article, I will share with you my picks for the best cities for real estate investment in 2020.
Where Are The Best Cities For Investment Properties In 2020?
The state of Florida continues to be one of the hot spots for real estate investing in the United States and it’s also the home to the #1 city for real estate investing nationwide, Orlando, Florida.
With a medium sales price of $231,000, and a median rent price of $1,486 per month, Orlando is one of the most affordable cities in the United States to either rent or buy a home.
People from across the United States, including high-tax cities like New York, flock to Orlando because of the quality of life that the area has to offer them as well as the wide variety of things to do.
Orlando also offers lots of restaurants, shops, stores, and other entertainment venues which attract millions of visitors every year.
Orlando isn’t the only Florida city for real estate investing, there are more cities in the sunshine state that are excellent for investing in real estate including Tampa and Jacksonville, FL.
The second city on our list of the Best Cities For Investment Properties In 2021 is Atlanta, Georgia.
Why should you consider Atlanta? With a medium home sales price of $190,000 and an average rent of $1,434 per month, Atlanta is another excellent state for Real Estate Investors because any investor can come and find a great deal on a property to add to their portfolio.
Yes, Atlanta is a great place to invest in real estate but, it’s also a city on the rise since for the last year the ATL area has seen close to 60,000 new jobs added, and with a population of almost 6 million, this is a welcome relief considering that many cities across the United States have see huge job losses over the last 8-9 months.
Las Vegas, Nevada
Another prime city in the United States for real estate investing in Las Vegas, Nevada.
Over the last five years, Vegas has consistently ranked as one of the top cities for real estate investing in the United States because this area offers a low cost of living, plenty of things to see and do and it’s also a convenient location that’s within a short flight of any major metropolitan area in the United States.
As of today, Las Vegas has a median home price of $296,730, an average rent of $1,107, and a population of about 2.7 million.
Since Las Vegas is a top tourist destination in the United States, it’s been hit hard during coronavirus but, the good news is that once the vaccine has been distributed Nationwide, it should recover fast.
Dallas Texas is also another top city for real estate investing in the United States because, here you’ll find a median home sales price of $215,000, average rent of $1,624 per month, and it’s the fourth most populous city in the United States with just under 8 million residents.
Dallas has certainly has grown over the last 10 years. Thanks to recent statistics we know that its population has increased by close to 20% within the last 8 years alone, this is an amazing growth rate that’s more than 200% faster than the national average.
One of the great things about the DFW area is that besides being a hub of business and commerce in the United States, there’s also plenty of things to see and do in the area like shops, stores, restaurants, sporting venues, and other recreational options.
Over the next 12 months, most investors expect Dallas to continue to be one of the top cities in the United States for relocation and real estate investment but, besides Dallas, there are other cities in Texas that Real Estate Investors should consider.
Some of the other top cities in Texas for real estate investing include Houston, San Antonio, Austin, and Fort Worth Texas.
Last of all, the most important, another great city for real estate investing in 2021 is Phoenix Arizona.
During the last five years, Phoenix has enjoyed huge growth in every area. Right now, their median home value is currently at $269,175, the median rent is $1,141 and they are the 5th largest city in the United States with 1,7 million residents.
Many real estate investors nationwide, especially in California, Love investing in Phoenix because the city is also a short drive or flight from any major metropolitan area nationwide.
Interest in Phoenix has risen for the last 12 months as residents of high tax states like California and New York are eager to escape the suffocating tax environments of those states for the friendly confines of the Phoenix area.
Which Property Type Should You Invest In Next Year?
Once you decide upon the city that you want to invest in, the next thing that you should do is consider the property type that you want to invest in as well.
Right now, you’re probably struggling with deciding on if you should invest in a single-family home or multi-family property.
If you watch real estate investing TV shows like Flip or Flop, you’ll see that single-family homes are often spotlighted over multifamily properties.
Even though single-family homes get it a lot of publicity on TV and online, it’s been my experience that multifamily properties are more profitable long-term investment than single-family properties.
As a real estate investor, I prefer multifamily properties over single-family properties because they are often easier to source, acquire and manage compared to single-family properties.
What’s also ideal about multi-family properties is that they are also an asset that are consistently in demand from renters across the United States.
Before investing in a multi-family property, make sure you do your due diligence by thoroughly researching the area where the property is located and take the time to analyze the financials for that property just so that you can have confidence that you’re getting a great deal on the multifamily property.
Contact Trier Capital
If you’re ready to invest in multi-family properties but you don’t want to invest the time and money of having to do everything yourself, I invite you to contact me.
At Trier Capital, we do all the hard work to find and acquire ideal properties, and then oversee asset management after purchase, while our investors sit back, relax, and receive tax-advantaged passive cash flow.
Learn more about the services that we can offer you by calling (630) 229-2383 or click here to connect with us online.