Investing in property can yield incredible monetary returns. It’s something that can lead to huge earning potential and a thriving career…but only if you’re smart about your investments.
Choosing the best locations to purchase properties is central to your success as a real estate investor. You need to track the housing market in multiple areas and invest at the right time.
If you’re investing in properties across several states (and we recommend that you do), you’ll need to consider the marketing demands in each state. You’ll also need to know the real estate regulations of each state.
Best States for Real Estate Investments
Some states are more fruitful than others when it comes to property investments, depending on housing demands and property prices. Below, we’ve listed the most profitable states to maximize your success as a real estate investor.
1. Wyoming
The Mountain West state of Wyoming has grown in popularity over recent years, with its population increasing around 0.3% more than the national average each year.
Because the number of residents in the state is slowly increasing, so is the demand for housing. This makes Wyoming real estate one of the best markets to enter. Buying now will yield a huge return on investment in the next 10-20 years
2. Idaho
Located in the northwest of America, Idaho is a popular state for those who love the outdoors. The properties in this state have steadily appreciated over the last few years, making it a great area for real estate investors.
Mortgage rates in Idaho are relatively low and there is a high housing occupancy rate of almost 90%. You won’t struggle to find great tenants for your rental properties all year round.
3. Florida
Florida is by far one of the most popular states in America for expats and tourists. It’s the third most populated state so there is a constant demand for rental properties.
Purchasing property in this Southeastern state is a great choice thanks to the affordable property prices and low cost of living. The average occupancy rate in the state is around 82%.
4. North Carolina
With a property value appreciation of 17% and a population growth rate of 10%, North Carolina is another great state to consider as a real estate investor.
Thanks to its great weather and thriving job market, North Carolina welcomes thousands of new residents every year, so there is a constant demand for new rental properties.
5. Texas
The southern state of Texas is the largest state by land area and population. It has a property value appreciation of 16% and a population growth rate of 15-16%.
Because Texas is so large, each area of the state receives slightly different weather conditions throughout the year.
Around 20% of the state population of renters and it has a higher-than-average house occupancy rate. You won’t struggle to find great properties to invest in across Tennessee and you certainly won’t struggle to get top-quality renters for your properties.
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