Target Markets for Investors in 2017

Target Markets for Investors in 2017
Article by Daily Real Estate News | January 18, 2017

nashvilleskyline175x180For prime investment locations, it may be time to look South. Forbes teamed up with Local Market Monitor, a company that tracks more than 300 housing markets, to uncover the top cities for investors in the new year. The markets that dominate this year’s list reflect two major benefits: affordability and growth.

If you are planning on making an investment, either by buying a home or by buying a rental property, these are really good markets,” says Ingo Winzer, Local Market Monitor CEO. “These are markets where… you are probably going to get a good return and you are not taking an extraordinary risk.”

Dallas topped this year’s list. Home prices there average $233,000, up nearly 4 percent from a year ago. Yet, the city’s housing market is still considered underpriced by 3 percent compared to its historic average. Local Market Monitor predicts home prices in Dallas to increase 31 percent by 2020, due to a boom in job and population growth.

Here are the 15 cities investors could do particularly well in this year, according to the study:

  1. Dallas, TX: 31% (the percentage increase predicted for home prices by 2020)
  2. Jacksonville, FL: 30%
  3. Orlando, FL: 28%
  4. Seattle, WA: 26%
  5. West Palm Beach, FL: 26%
  6. Salt Lake City, UT: 25%
  7. Tampa-St. Petersburg, FL: 25%
  8. Nashville, TN: 24%
  9. Fort Worth, TX: 24%
  10. Grand Rapids, MI: 23%
  11. Sacramento, CA: 22%
  12. Charlotte, NC: 21%
  13. Raleigh, NC: 21%
  14. San Diego, CA: 21%
  15. Las Vegas, NV: 20%

Source: “Best Buy Cities: Where to Invest in Housing in 2017,” Forbes.com (Jan. 10, 2017); REALTOR® Magazine Online, Daily Real Estate News 011817

KENNETH BARGERS REALTOR® License 318311 | Pilkerton Realtors License 257352
(615) 512-9836 cellular • (615) 915-5901 facsimilekb@bargers-solutions.com email
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Author: Kenneth Bargers

REALTOR®, Tennis Player, Titans, Vols & Preds Fan, Nashvillian... let's connect on Instagram, LinkedIn, Pinterest and Twitter. -- contact Kenneth at kb@bargers-solutions.com

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