(770) 947-4721. Compared to January 2020, consumer spending is only down 1.6%. If for nothing else, both buyers and renters are tired of the latest bout of appreciation rates, and are more willing to forego the high cost of living in primary cities in exchange for the lower prices associated with secondary markets. Here’s a list of some of the most important economic factors you’ll need to consider when looking at the location in which a rental property is situated: While this list is not exhaustive, each of these indicators will play an essential part in determining whether or not an area is worth investing in. The location in which you choose to invest will ultimately determine the viability and success of any assets you acquire. The job growth in these industries is immense in Huntsville as the military and the NASA Marshell Space Flight Center are the two top employers in the area. Think about it! 2 million more people expected by 2030. It is in your best interest to discern what the listing ratio in a particular area means for an impending investment. Cincinnati has seen growth in the education, finance, retail, and healthcare sectors of the economy. The top rental markets in Georgia are Atlanta, Marietta, Augusta, Lawrenceville, and Decatur. Today TurboTenant serves 200,000+ landlords and is still dedicated to making the rental process easy, smooth, and hassle-free. On average, a single-family home costs around $158,000. Here's are the top 10 spots. The Buy Low, Sell High Strategy: An Investor's Guide, Raw Land Investing With Confidence: Everything You Need To Know, 12 Benefits Of Homeownership You May Have Never Considered. Also, there is no state income tax. Georgia’s median income rings in at $47,200 – just under the national average at $48,500. North Carolina's remarkable growth has contributed to its reputation as a hot investor's market. You are welcome to use any of the data in this report for your own purposes, we just kindly ask that you properly cite the source. Property values are expected to rise in the coming years, making Houston a promising market for buy and hold real estate strategies. Huntsville’s population has increased by 10% over the last decade. Jacksonville is one of three Florida cities included in the year’s best rental property markets. Each of these factors has positively impacted employment in the area, thus boosting demand for real estate. However, there are two—in particular—that have already started to demonstrate an increased propensity towards a very promising 2019: Let’s take a look at why these two cities are poised to be amongst the best markets for rental property investors. Raleigh-Durham not only has a variety of tech companies and startups, but it is also known as an education and research hub in the region. Up to a 35% increase in housing prices is projected for 2021, rent has grown by 3.44% in the past year alone, and the population has grown by 20% since 2010 making Orlando the best rental market in 2020. Conversely, a distinct lack of development suggests there is reason to avoid the area. 500 people move to Atlanta every day! Investors of all experience levels may find Jacksonville to be a great opportunity. Mind due diligence and pay close attention to the ratio of vacancies relative to the number of listings in a particular area. Raleigh-Durham, known as the “Research Triangle,” is another one of the year’s most promising real estate markets. A large portion of land in Raleigh-Durham has been zoned for residential use, which has helped the area remain more affordable when compared to other rapidly growing housing markets. Hands down the best real estate investment market in the state is in Atlanta. Equal Housing Opportunity | Avoid Scams in Rental Housing, Terms of Use | Privacy Policy | Don't Sell My Personal Info | XML | HTML. As a result, rental rates have risen by about 6% in the past year. of the data in this report for your own purposes, we just kindly ask that you properly cite the source. The average monthly rent is right at around $1,100, while the average median home price is $138,000. Here are some highlights from the top rental markets in the Peach State. A recent market report by Mashvisor estimates a higher than average appreciation rate in the area. This growth rate is over 100% above the national average. In recent years, the rise of the technology sector has begun to reach well beyond San Jose and Seattle. The TurboTenant Report includes analysis of the average number of leads per property, the average number of days on market, average rent price, median sale price, median income, security deposit trends and livability score. Bainbridge Island, Washington FortuneBuilders is a real estate investing education and business development company, providing coaching, resources and tools to start a real estate business. Median rental per month: $1,500. Here's the list of the best cities to invest in real estate in the US in 2020 and 2021. Areas with future development projects in the pipeline are typically representative of a healthy market. When all is said and done, even the best rental property in a poor location doesn’t stand a chance. Try it today! Four Fortune 500 companies are headquartered in the area, and the economy is worth over $130 billion. , which is a national real estate brokerage company, the national median home sale price sits at $306,400. Our new online real estate class can help you learn how to invest in rental properties that can help increase your monthly cash flow. Rental Property ROI: What You Need To Know, An Investor's Guide To Virtual Wholesaling. Security deposits have both risen and fallen, but mostly decreased in Georgia cities between 2018 and 2019. Meanwhile, renters tired of the exorbitant prices associated with Tampa and Orlando are finding refuge in Lakeland, driving up demand at an incredible rate. Copyright © 2021 FortuneBuilders, Inc. All Rights Reserved. What are Georgia’s best markets for real estate? As one of the biggest cities in Georgia and a top business center in the US, you can expect a high-value real estate investment in Atlanta neighborhoods. Houston is also home to NASA’s Mission Control. If you are an investor looking for a good area to produce passive income, Dallas may be the area to look into. Click to register for our FREE online real estate class! Subscribe to our weekly newsletter so you don’t miss out on our latest articles and resources. The best rental markets of 2019 are indicative of trends that are carrying over from the previous year—namely affordability. ... Georgia 30307. Decatur was ranked one of the best suburbs in Georgia by Niche.com. . Aug 31, 2016, 6:00am EDT. What’s even more interesting is that, despite these incredibly low housing prices statewide, many home seekers are choosing to rent instead of buy. That means a constant demand for rental property from local students and the lowest imaginable vacancy rate. Read our latest post: Buildium’s Up-and-Coming Cities List: 100 Real Estate Markets to Watch in 2020 In the throes of the Great Recession and the subsequent recovery, large metropolises like New York City and San Francisco saw an influx of new residents. With a median home price of $215,000, you could buy several properties for the price of one in other cities. It’s important to not only protect your property, but to also ensure that, Executive Summary In early March, we began surveying our landlords and renters to get a better understanding of their changing needs as COVID-19 began, If you are a landlord or a property owner, at some point you may have to deal with squatters setting up camp in or. Investing in a rental property with at least some degree of success is always contingent on the area in which it is located. A large demand for single-family homes has been on a steady rise in Orlando, Florida. Even after the pandemic, properties around 2-3 hours away from metropolitan areas will be popular among all travelers. Hernando County, Florida You can view our methodology for our TurboTenant Reports here. Jacksonville has seen a 14 percent population increase over the last ten years — a trend that is expected to continue. In addition to being one of the best rental markets of 2020 in terms of residential properties, Raleigh-Durham is also a great market for commercial and multifamily investments. The sheer number of variables that have even the slightest impact on an area’s rental property performance is staggering. However, visitors to the area can do a lot more than just ride around on two wheels. “Atlanta’s housing market was strong throughout 2016 and shows no signs of slowing down,” Susan Goiser, region vice president of RE/MAX Georgia, said in a news release. Census Bureau predicts this to grow people already call Atlanta home and where will. Markets in the nation, and Dallas listings in a particular area for., finance, technology, defense, and hassle-free Hacking your Way best rental markets in georgia real estate markets investors are watching 2020. Have attributed to more and more people to this state each year opportunists hope! 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