Best State to Buy Rental Property When putting resources into the Best State to Buy Rental Property, it's vital to know all costs you're paying for including local charges. Local charges can extensively affect rental property income, which is the reason you want to know how much your local charge rate is. Be that as it may, local charge rates change fundamentally from one state to another. In this manner, depending on where you're contributing, local charges can either be a bother or a significant weight on your investment property speculation. A few financial backers favor purchasing investment property out of state if local charges are too high in their state. Here is the Best State to Buy Rental Property with the most reduced local charge rates: 1. Hawaii
Middle Property Price: $927,247 Value Per Square Foot: $675 Customary Rental Income: $2,161 Airbnb Rental Income: $4,288 Airbnb Occupancy Rate: 59% Normal Airbnb Daily Rate: $218 Cost to Rent Ratio: 36 Normal Days on Market: 135
2. Alabama
Middle Property Price: $302,768 Value Per Square Foot: $148 Customary Rental Income: $1,174 Airbnb Rental Income: $2,615 Airbnb Occupancy Rate: 52% Normal Airbnb Daily Rate: $174 Cost to Rent Ratio: 25 Normal Days on Market: 104
3. Colorado
Middle Property Price: $589,983 Value Per Square Foot: $556 Customary Rental Income: $1,935 Airbnb Rental Income: $2,764 Airbnb Occupancy Rate: 57% Normal Airbnb Daily Rate: $207 Cost to Rent Ratio: 25 Normal Days on Market: 98