We are over halfway through 2019 and many people have been keeping a close eye on the real estate market. If you’ve been looking to invest in some rental property, you are probably paying close attention to trends across the country. Here are some of the best places to buy investment property right now.
Florida (Orlando, Tampa, Jacksonville
Florida will likely always be a good place to purchase investment property. Tourists and retirees flock here year after year, keeping the economy booming, despite the trends nationwide. For the second year in a row, Orlando was Forbes’ #1 Best Places to Buy a House. House prices are expected to go up over 30 percent in the next few years.
Pennsylvania (Pittsburgh, Philadelphia)
Believe it or not, Pennsylvania is one of the best places to invest at the moment! In Pittsburgh and Philadelphia, home prices are on the rise. Both places also have higher average rent prices than most metropolitan areas and growing job markets. Both cities are also home to major universities, which will keep demand for rental properties high for the foreseeable future.
Ohio (Cleveland, Cincinnati, Columbus)
Ohio is another state with several booming cities. Cleveland has seen the largest population growth of any Midwest city since 2000. The Cincinnati and Dayton area has also been attracting businesses and is now home to 27 businesses that are either Fortune 500 or Fortune 1000 companies. Ohio State University, one of the country’s largest campuses, is located in Columbus, which makes that city a great place to invest as well.