Kenneth Bargers Blog

Nashville Ranked #2 of the Best College Towns for Investors

Housing markets with universities and colleges are often considered great buys for real estate investors, typically attracting a steady flow of renters.

“Housing demand in college towns is generally high and vacancy rates are usually low,” says Steve Berkowitz, CEO of Move Inc. “Combine the supply and demand ratio with rising admissions and the five percent rise in rental rates expected by the end of the year, and rental property in college towns can be a smart option for the right investor.”

The following is a list of seven strong college towns for real estate investments, according to Move.com.

1. Boston   Median list price: $335,000, Average two-bedroom rent: $3,122, Average mortgage: $1,370

2. Nashville   Median list price: $189,000, Average two-bedroom rent: $949, Average mortgage: $770

3. Chicago   Median list price: $199,900, Average two-bedroom rent: $1,780, Average mortgage: $820

4. Washington   Median list price: $375,000, Average two-bedroom rent: $3,086, Average rent: $1,530

5. Houston   Median list price: $174,900, Average two-bedroom rent: $1,218, Average mortgage: $710

6. South Bend   Median list price: $112,900, Average two-bedroom rent: $790, Average mortgage: $460

7. Atlanta    Median list price: $159,600, Average two-bedroom rent: $1,236, Average mortgage: $650

Source: Move.com; REALTOR® Magazine Daily News; Blog distribution provided by Kenneth Bargers and Bargers Solutions, a proud member of Pilkerton Realtors, residential real estate services located in Nashville, Tennessee

August 16, 2011 - Posted by kbargers | Nashville, real estate, relocation | bargers solutions, best cities for real estate investment, blog, college cities, college towns, kenneth bargers, move.com, Nashville, pilkerton realtors, real estate investment, realtor daiily news magazine, tennessee