Introduction
Real estate is all about location. For every real estate investor, the most important question is which location is ideal for investments? And it can be quite daunting to find an attractive location. Well, Mark Roemer Oakland shares his insights into the best cities for real estate investments in 2022.
Best Cities for Real Estate Investment in 2022
- Las Vegas
Las Vegas is an internationally recognized city and is quite famous among even locals. You will be surprised to know that the population of Vegas has grown by 2.5 percent. The primary reasons for this growth have been the record levels of tourism and business.
Other than population growth, rent prices have also increased by more than 10 percent.
- Orlando
Another attractive city for real estate investment is Orlando. In recent times, there has been a growth in the population of 2.4 percent. It has been primarily due to job market growth and tourism in hospitality and leisure. At the same time, there has also been household growth of approximately 3.4 percent.
- Atlanta
Financial services and high-tech employers like BlackRock and Google are expanding thanks to the business-friendly climate of the city. It has played a critical role in raising the value of single-family homes by over 13 percent in a single year.
It presents an attractive option for real estate agents.
- Charlotte
A business-friendly environment and high quality of life in Charlotte have helped the population grow by around 1.9 percent. The growth of households has also been forecasted to reach 2.4 percent.
- Phoenix
Phoenix has actually been one of the top job markets in the nation. In single-family homes, rent growth is expected to rise by around 9 percent with the growth of the population reaching 2 percent.
- Dallas-Fort Worth
Last year, Dallas-Fort Worth was the top metro area for growth in the job. It caused the values of single-family homes to increase by 10.6 and a growth in the population of 1.7 percent.
It appeals a lot to investors looking to cash in quickly.
- Jacksonville
Jacksonville is recognized as an international trade seaport. Actually, the city infrastructure improvements have improved economic growth to a significant extent with rent increasing by 3.7 percent. At the same time, households are expected to grow by around 2.1 percent.
- San Antonio
In San Antonio, a strong local economy has played an important role in driving rent growth of approximately 4.2 percent.
- Indianapolis
Affordability is undoubtedly attracting people from different high-priced markets such as Los Angeles and New York to Indianapolis with the appreciation of single-family homes of 12.8 percent and an increase in rents of 4.1 percent.
- Fort Lauderdale
Retirees with great discretionary income and steady growth in population have enabled real estate investors to earn and acquire rental yields of approximately 10 percent with a 2.1 percent expected increase in household growth.
Conclusion
All in all, Mark Roemer Oakland identifies these ten cities to be the most attractive investment options for investors. They offer some incredible returns to investors and great yields can be obtained with careful planning and the right decisions.