Real estate is one of the best investments you can make. There are many real estate opportunities across the country that it’s easy to feel confused. You are probably wondering which the best states are for investing in real estate.
We’ve done the research and found the best states to invest in real estate. As the year closes and 2021 approaches, you want to make sure that you invest in these states as soon as you can.
Now let’s look at the states where you should invest in real estate:
This is a thriving state with a young population. While Portland remains an exciting city for many millennials, the city of Eugene might catch your fancy a lot more. This is a city surrounded by incredible nature.
Properties might see a high appreciation rate of just under 5% within the first quarter of 2021. We suggest you pay Oregon and its great cities a visit to see where you want to make your real estate investments.
Additionally, it also makes sense to look for a great real estate investing service. Reading up on RealtyNA reviews is one way to make sure you’re making the right choices.
Michigan has always been a hub of American entrepreneurship. This means that it has great demographics, productivity, and a thriving economy. The surprising city which is showing promise is Livonia.
This is a city with a population of just under 100,000. The median income is $69K, and the unemployment rate is a low 2.3% Many industrial operations occur in this city which makes it a hub of innovation.
Any area where there’s innovation is going to welcome talented professionals who are looking for a home.
Real estate prices here are affordable, with prices at $113 per square foot in cities such as Saint Cloud. The majority of the population lives in rental property. The average income is $63K.
The city has a young population and the state welcomes entrepreneurs and innovation. It has great universities, companies, and recreational facilities. These three factors make Minnesota a great place to invest in real estate.
Arguably one of the most beautiful states in the USA, Hawaii is also a great place to invest in real estate. While there are opportunities in the cities, you might consider looking at smaller communities.
For example, the town of Pahoa has just under 1,000 residents. It is a diverse town and has an average income of $56K. The average real estate property is $236K, which is significantly lower than most of Hawaii.
The job market continues to grow in Tennessee. This state has always been renowned for its beauty. It’s a haven for Americans who want a quieter, simpler, and intentional lifestyle.
You want to look outside bigger cities such as Memphis and look at Bartlett. The average household income is a high $95K so you will find eager buyers and renters who want a luxury property.
Head to the Best States to Invest in Real Estate
Now that you know the best states to invest in real estate, you should make plans to travel to them by the end of this year. In 2021, these states are expected to see continued growth and you want to get in before many others do.
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