Investing in real estate is one of the most effective ways to build wealth. That said, it’s not always easy to know where you should put your investments.
If you’re wondering where to buy a rental property, you’re in the right place.
We’re going to look at the best cities to buy rental property today, giving you some insight into where you should put your next investment. Let’s get started.
- Las Vegas, Nevada
Las Vegas isn’t just the glitz and glam of the strip. It’s a large network of suburbs set in beautiful Southwestern landscapes.
It’s also an area where rent prices are rising, so investing now will prove to be a valuable decision.
- Orlando Florida
Orlando is a booming area that’s seeing a lot of growth in terms of jobs and rent prices. It’s an area that will never have a shortage of individuals who want to live or visit there.
Rental properties in Orlando will populate soon, and you might be able to turn your property into an Airbnb or other periodical rental that will fetch higher revenues.
- Houston, Texas
Houston is an area that’s growing faster than the national population rate. That means that a disproportionate amount of people are moving there. When this happens, the local economy stimulates and rent prices rise.
That means more returns for you.
- Dayton, Ohio
The space between Cleveland and Dayton is closing in. That means that the properties there will soon be worth a lot more than they are now.
When two metropolises collide, the land that they eclipse becomes very valuable. Either you’ll experience high rent prices or you’ll be bought out for a pretty penny.
- Montgomery, Alabama
Montgomery is home to a lot of blooming tech companies. When these companies grow, the surrounding area flourishes.
Investing now will provide great opportunities to rent to high-income individuals.
- Colorado Springs, Colorado
Colorado Springs is an oft-forgotten suburb of Denver. It’s not quite a suburb, though, as it lies a little farther out and exists on its own.
Recent decreases in crime have caused an uptick in desirability in this town.
- El Paso, Texas
Property values are appreciating at a high rate in El Paso. It’s also the home of a large military complex, so there are bound to be interested residents for decades to come.
House prices are low now, but things could change very soon.
- Greensborough, North Carolina
Greensborough is home to low house prices with a high rent price. That means you’ll get more value from your rent checks.
It’s also nestled into a series of three large cities, which doesn’t hurt future prospects for growth.
- Memphis, Tenessee
Memphis is home to a wealth of good investment properties. It’s steeped in culture, and the city is a point of interest for millions of people in the United States.
Home values are predicted to appreciate in the coming years as well.
- Albuquerque, New Mexico
Albuquerque is New Mexico’s central point for commerce and culture. It’s also experiencing an increase in rent prices.
Home prices are low now but predicted to increase over the next year or two.
- Reno Nevada
Nevada, in large part, is experiencing growth in rent prices. Reno is also becoming a destination city.
Investing now before the city reaches its full potential will put you in a good position for returns.
- San Antonio, Texas
San Antonio is host to a lot of well-paying technology jobs, and the city experiences a very low rate of unemployment.
That means you’ll be marketing to well-off individuals who will pay their rent. Rent prices are on the rise as well.
Want to Learn More about the Best Cities to Buy Rental Property In?
Finding the best cities to buy rental property in can be difficult.
We’re here to help. Explore our site for more insight into where to buy rental properties, the best cities for investing in real estate, and more.