Huntsville’s population has increased by 10% over the last decade. 2020 Best Places to Buy a House in Georgia About this List Explore the best places to buy a house based on home values, property taxes, home ownership rates, housing costs, and real estate trends. , which is a national real estate brokerage company, the national median home sale price sits at $306,400. Is House Hacking Your Way Into Real Estate Investing? Join 300,000+ landlords that use TurboTenant to streamline how they manage their properties. High vacancy rates, however, could suggest poor conditions. The top rental markets in Georgia are Atlanta, Marietta, Augusta, Lawrenceville, and Decatur. As a result, rental rates have risen by about 6% in the past year. According to a study from the Urban Land Institute, Austin has the highest projected population growth over the next five years among the top 80 markets in the U.S. For real estate investors, both single-family and multifamily properties in Austin could make great investments if managed correctly. The location in which you choose to invest will ultimately determine the viability and success of any assets you acquire. Its largest cities are growing ever larger, giving opportunists every hope that their investments will pay off. Georgia’s median income rings in at $47,200 – just under the national average at $48,500. Interested in streamlining your rental process? Vacation rental manager Vacasa recently analyzed home sale prices, operating costs and average incomes of rental properties in high-density rental markets to create the ultimate guide for beach house hopefuls. 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. If you have data requirements that are outside the scope of this article, please email press@turbotenant.com. That said, not all indicators are created equal; there are some factors that affect a rental property investment inherently more than others, not the least of which include: [ Want to own rental real estate? Property values are expected to rise in the coming years, making Houston a promising market for buy and hold real estate strategies. The median home price is currently hovering at around $296,000. Investors of all experience levels may find Jacksonville to be a great opportunity. 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. 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. We have a plethora of data and are happy to supply another data set if it is available. The top three towns for the largest amount of leads per listing are close to or exactly the national average of 38. Four Fortune 500 companies are headquartered in the area, and the economy is worth over $130 billion. We have a plethora of data and are happy to supply another data set if it is available. backed solution geared towards independent landlords. This growth is expected to increase in the coming years, largely as a result of increased job opportunities. TurboTenant makes managing your property simple with features like one-click rental marketing, extensive online applications, and free credit & background checks for landlords. The median home price is currently around $238,000. (770) 947-4721. Wondering which real estate markets investors are watching in 2020? A vacation rental market that ranked #21 on our 2019 Best Places to Buy a Vacation Home report has broken the top 10. The Georgia housing market boasts some great places to live, like Atlanta. Two of the best real estate markets of 2020 have one big thing in common: tech. Not only that, but Amazon recently announced it would be opening an 850,000-square-foot fulfillment center in Gaines Towns, which will surely attract more renters. Best Vacation Rental Markets 2019. An example citing: According to a report by TurboTenant, an online property management software company…. Median rental per month: $1,500. The average property value is currently around $189,000, which is 15 percent below the national average. Top Rental Markets - Georgia. FortuneBuilders is a real estate investing education and business development company, providing coaching, resources and tools to start a real estate business. It is also home to ten Fortune 500 companies, and 17 Fortune 1000 companies. Houston is also home to NASA’s Mission Control. Decatur is a city in Georgia, northeast of Atlanta. On top of great cash flow, values are on a… As the second-largest metro area in Florida, Tampa Bay represents an interesting rental market for real estate investors. At the very least, vacancy rates will give you an idea of what sort of demand to expect. You can view our methodology for our TurboTenant Reports, If you have data requirements that are outside the scope of this article, please email. These factors range from local economic markers to average vacancy rates and population trends. Additionally, lower demand could force landlords, not unlike yourself, to lower rates to attract tenants. Still, it’s possible to acquire fully renovated properties in good Florida neighborhoods for under $193,000. Pay attention to the factors defining these emerging real estate markets and allow them to guide your search for the best location for your investment. Subscribe to our weekly newsletter so you don’t miss out on our latest articles and resources. If you are an investor looking for a good area to produce passive income, Dallas may be the area to look into. The demand for single family homes has been on the rise in the Sunshine State for quite some time. By subscribing, you agree to receive blog updates and relevant offers by email. Natural disasters are a reality landlords and renters alike must face. More and more people are deciding to retire in Orlando for its warm weather and excellent healthcare. If you are considering expanding your real estate investment portfolio this year, take a moment to familiarize yourself with the best rental markets in 2020: The Sunshine State has made the list as one of the best places to buy rental property in 2020. of the data in this report for your own purposes, we just kindly ask that you properly cite the source. 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. Whether you’ve found the best investment property in Georgia’s top rental markets, or somewhere else, TurboTenant can help streamline your rental process with easy and free online rental applications as well as thorough tenant screening so you can find the best renter for your property. No tricks or trials to worry about. Expert investor Than Merrill shares the core real estate investment principles that work best in today’s real estate market. Specifically, pay special considerations to the health of the economy, demand, job opportunities, new home construction, unemployment rates, household income, affordability and anything else that could potentially influence a renter’s decision to live in the area. You can view our methodology for our TurboTenant Reports here. Low vacancy rates could be a good sign, as demand appears intact and active. Popular industries in Jacksonville include finance, technology, healthcare, and military. This growth is creating a high demand for rental properties. Taxes and property insurance are also incredibly low in Orlando. Your information is secure and never shared. 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. More than 5.5 million people already call Atlanta home and the US Census Bureau predicts this to grow to 7.3 million by 2020. The metro area has experienced fast population growth, along with the neighboring town of Dayton. The property markets in Texas, Florida, Massachusetts, California, Illinois and many other states hold promise for good returns. While these incredibly low housing prices can be found statewide, a large portion of those seeking a home still prefer to rent rather than to buy. Columbus’s Flea Market City might be one of Georgia’s smaller markets, but what it lacks in size, it makes up for in character. Georgia is the eighth most populous state in the U.S. and is a growing state in the South – home values are increasing and property investors can expect a great ROI on their rentals whether they are located in the thriving cities or in the small-town communities that give Georgia its Southern charm. How Landlords Can Protect Themselves and Take Action if Needed. In October of 2015, he launched TurboTenant. It is interesting to note that Cleveland is becoming increasingly popular among Millennials (born between 1981 and 1996). The state’s capital has a median income of over $60,000 a year with a population of 5.8 million. Stay up to date on the ins and outs of being a landlord. The monthly rent in the city is around $1,517. It is in your best interest to discern what the listing ratio in a particular area means for an impending investment. Equal Housing Opportunity | Avoid Scams in Rental Housing, Terms of Use | Privacy Policy | Don't Sell My Personal Info | XML | HTML. 500 people move to Atlanta every day! Investors who can find the right deal could secure a purchase price almost 32 percent below the national average. Interested in Learning How to Invest in Real Estate? However, visitors to the area can do a lot more than just ride around on two wheels. The growing job market, lack of income tax, and sunny weather attract more and more people to this state each year. These figures are expected to increase as the population continues to grow. Real estate investors who can act fast may find themselves an excellent deal on a rapidly-appreciating rental property. Think about it! Additionally, the average monthly rent is right at around $1,400. Keep reading to learn why people are so excited about the year’s best rental markets. Do you want to be able to retire financially comfortable? On average, a single-family home costs around $158,000. Being one of the best cities for Airbnb investment 2019, the health of the Tuscaloosa housing market is also something to boast about. A large demand for single-family homes has been on a steady rise in Orlando, Florida. A study done by Rented, Inc. rated the FL panhandle for best return on investment if you are looking outside of GA. Rotate Whether you prefer to aim for booming markets like Tampa, FL, or to maximize cap rate in markets like Albuquerque, NM, you’ll find plenty of diversity on the list of best cities by cap rates. Sarnen is a regular contributor on Forbes and Bigger Pockets and has firmly positioned himself as thought leader in the real estate and proptech space. As far as different places, there will always be a difference in exit strategy and appreciation potential if you are talking about cities way on the outskirts from the big cities (like Dalton is 1.5hrs from Atlanta, but commutable to Chattanooga) versus investing closer to the bigger cities. 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. Explore the Best Real Estate Markets in North Carolina. “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. Cincinnati is yet another promising rental property market in the state of Ohio. 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. Here are some highlights from the top rental markets in the Peach State. Aside from being great places to invest themselves, today’s best rental markets can teach us a lot about how to invest in specific locations. 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. What’s more, the number of higher-end job opportunities continues to increase. In recent years, many companies have relocated from California to Dallas for its lower cost of business, lower taxes, fewer business regulations, and a significantly lower cost of living to employees. With the largest being an increase of 25% in Augusta at $750, and the largest decrease in Atlanta at -54.55% with the current average at around $500 – far below the national average for security deposits which is around $1,200. There are countless factors that play into a location’s rental viability. The population has seen a growth of about 17%. Positive trends in each would likely suggest the location is ready to be invested in, but economic indicators are not mutually exclusive. 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. Decatur was ranked one of the best suburbs in Georgia by Niche.com. As Realtor.com is quick to point out, prices are expected to grow 7.4 percent, which means rental property investors that get in now could benefit from appreciation and high levels of demand—that’s coming off a year in which median home values already increased 9.4 percent. Up to $750/mo in cash flow. Get notified by email each time a new TurboTenant Report is published. Ellijay, located in the North Georgia mountains, is best known as the state’s mountain biking capital. . This is almost 30% lower than the national average home cost. Located directly between three of Florida’s most popular destinations (Tampa, Orlando, and the famed Walt Disney World Resort), Lakeland has become the perfect transplant city where residents can retain a lower cost of living without giving up access to amenities in their larger, more established neighbors. An unusually high number of listings, for example, could represent one of two scenarios: either the neighborhood is currently in the middle of a seasonal cycle or it is trending downwards. It is the location of the respective property that’ll determine everything else I’ll discuss henceforth. What are Georgia’s best markets for real estate? After all, those who know how to read and interpret market indicators will know where the best rental markets reside. This monthly three-day flea market boasts over 3,300 booths filled with the best antiques and collectibles in the area! ATLANTA, GA — The Atlanta-Sandy Springs-Marietta metro area is among the 20 best housing markets to invest in for 2018, according to Forbes. Properties starting at $70,000. Lakeland, Florida appears ready to become the primary beneficiary of a perfect storm in 2019, which looks more and more likely to benefit well-positioned rental property investors in the coming year. The sheer number of variables that have even the slightest impact on an area’s rental property performance is staggering. Atlanta, Georgia. Attend a FREE real estate class to learn how to invest in rental properties, as well as strategies to maximize your cash flow and achieve financial freedom. As well-known companies and growing start-ups search for new cities to lay down roots, The Austin and Raleigh-Durham real estate markets begin shifting radically. 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. With a local economy worth well over $130 billion, Tampa is easily one of Florida’s best markets to buy and own rental property. Here's are the top 10 spots. Top Reasons Why Atlanta is One of The Best Places to Invest in Real Estate. Investors considering office or retail spaces may find it beneficial to look into the Triangle as an option. The rising popularity of this market suggests that those interested may want to buy sooner rather than later. This is expected to continue in 2020 making Orlando one of the best rental markets to invest in. In October of 2015, he launched TurboTenant. Raleigh-Durham, known as the “Research Triangle,” is another one of the year’s most promising real estate markets. There are both single-family and multifamily units available in the area, representing a lot of opportunity for investors. The average home value is $175,000, which is 21 percent below the national average. Not unlike Lakeland, rental property owners that get in on the ground floor may be able to benefit from both appreciation and increased levels of demand. Areas with future development projects in the pipeline are typically representative of a healthy market. In recent years, the rise of the technology sector has begun to reach well beyond San Jose and Seattle. Real estate property prices … Investors considering office or retail spaces may find it beneficial to look into the Triangle as an option. Atlanta is one of the Top Rental Markets in the U.S. Best flea markets Georgia: #2 Scott Antique Market Atlanta Shop ’til you drop at Scott Antique Market in Atlanta, GA. These figures make Cleveland one of the most affordable places to buy a rental property on this year’s list. 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