5 best places to buy and invest property in 2021, by Briana Frazier.

By Briana Frazier

5

best places to buy and invest property in 2021

There has never been a greater time to invest in real estate than now when mortgage rates are relatively low. For the first quarter of the year, the housing market in the US has also been thriving. The demand for inventory has by far outweighed the supply, driving the prices upwards. This means there is a ready market for houses this year among Americans looking to settle. Experts speculate that this trend will remain the same for most part of the year.

As with all kinds of investments, it is important to have a strategy. In real estate, it is important to look for prime locations for good returns on your investment. Having said that, what makes a place good for investment? As the housing market is still hot, focus on places where the home values are rising because this will also translate to an increase in your home equity. Here is a list of the top five places to buy and invest in real estate in 2021.

1. ATLANTA, GEORGIA.

For rental investors, Atlanta offers a striking procurement prospect. In the last decade the population has grown by over 14%. With an increase in population, the demand for housing has been climbing higher every time.

Additionally, Atlanta is the capital of Georgia, which makes it an economic center. With this economic boom and housing demand soaring, the prices are set to keep rising with a 3-year appreciation of 9.3%. It is therefore ideal to invest now.

2. LAS VEGAS, NEVADA.

Tourism and the booming economy in Las

Vegas, has drawn in a lot of people leading

to a growth in population of about 2.5%. This has seen the rent prices go up by over 10%. Additionally, Vegas has a diverse economy that has income earners at every level. Investors should therefore take advantage of the affordable houses available in the area, where the median price of property of a condo averaging at $200,000.

3. ORLANDO, FLORIDA.

With Orlando being both a tourist and entertainment spot, investors can choose to either focus on rental properties or holiday

Airbnb— both of which offer great returns. 60% of the population in Orlando live in rental units.

This obviously means, the demand for rental properties is quite high.

In addition to that, its population keeps on growing and so do job opportunities. Therefore, the rental income also grows with it.

4. DALLAS, TEXAS.

Dallas boasts of a very diverse economy with a wide range of investment properties on offer.

It has a population of 1.3 million people and it is set to increase further. This is because it is cheaper to live in Dallas. With an increasing population, there is therefore a demand for housing with the average home going for about $247,00. Additionally, Dallas has available inventory and high rental rates making it ideal for investment.

5. TAMPA, FLORIDA.

Tampa has a population of over 4 million people. People are drawn to the metro City because of its tourist destination and the great number of job opportunities available in the area. There is therefore a ready market with large numbers of people looking for housing. Investors should invest now when prices on properties are still low averaging at $250,000 and are set to appreciate further up as years go by.

When choosing where to invest, there are key aspects that you should focus on. In rental properties, look for areas where there is a low default rate among renters and where the occupancy rate is high. Additionally, it is also important to choose a place where the rent income is high for it to cover most of your mortgage. The US has a lot to offer, shop around and find what gives you the best returns.

Work cited

https://www.noradarealestate.com/blog/best-places-to-invest-in-real-estate/. https://www.rocketmortgage.com/learn/best-real-estate-markets. https://www.investors.com/promoted-content/roofstock/what-are-the-best-citiesto-invest-in-real-estate-in-2021/. https://www.benzinga.com/node/20941978.