Cities that come out on top of the list of the best places to invest in real estate and make for a prime location for real estate investors to buy a rental property have three elements in common: job growth, population growth, and affordability.
Real estate investors and real estate agents are always on the lookout for the best real estate investments and vying for rental properties in strategic locations that are also priced below market value to reap the positive cash flow returns.
10 Best Places to Invest in Real Estate
1. Orlando, Florida
- 1-Year Job Growth Rate: 4.6%
- Unemployment Rate: 4.5%
- Median Property Price: $311,952.04
- Traditional Rental Income: $1,749.58
- Traditional CoC Return: 2.52 %
- Traditional Cap Rate: 2.52 %
Aside from the good weather and nice beaches, Orlando has many reasons to take the number one spot for the best places to invest in real estate this year. Why you might ask? For one, housing prices are low, and many home seekers are opting to rent instead of buy. There is a good chance to find and buy fully renovated properties in good neighborhoods. Moreover, property taxes and insurance rates are low, plus there is no income tax. With growing employment rates and an affordable cost of living, Orlando is attracting many job seekers, baby boomer retirees, and students who want to live in this city and enjoy a high quality of life at a reasonable cost.