In this article we are going to list the 5 Best Cities for Real Estate Investment. For a detailed coverage of this topic and a more comprehensive list, please head on over to the 20 Best Cities for Real Estate Investment.
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5. San Jose, California
Current median home price in the city: $1.16 million
Year on year percentage of increase in the home price (in percentage terms): 16.2
San Jose is easily the most expensive city in terms of real estate not just in California but the United States as well. San Jose is considered the center of Silicon Valley, which is why it is considered to be so expensive. You can imagine how most people can’t even consider living here when the price is already more than a million dollars, and the city is still seeing price growth in double digits in just one year.
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4. Buffalo, New York
Current median home price in the city: $160,000
Year on year percentage of increase in the home price (in percentage terms): 16.5
Buffalo makes it to the 4th spot in our list of the best cities for real estate investment. It is said to be one of the most affordable cities in the United States for housing.
3. Rochester, New York
Current median home price in the city: $153,000
Year on year percentage of increase in the home price (in percentage terms): 16.9
Rochester is one of the cheaper cities in the state of New York, especially when compared to New York City. With an average price of $153,000, this is an excellent opportunity to invest in a relatively cheap real estate market with potential for huge gains.
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2. New Haven, Connecticut
Current median home price in the city: $235,150
Year on year percentage of increase in the home price (in percentage terms): 17.1
The coastal city is located in Connecticut and is said to have been one of the first planned cities in the United States. The second largest city in the state has also seen a major increase in home prices right now.
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1. Oxnard, California
Current median home price in the city: $650,000
Year on year percentage of increase in the home price (in percentage terms): 17.6
Topping the list of the best cities for real investment is Oxnard, located in the state of California. The city of Oxnard saw the highest increase in real estate prices over the past year at 17.6%. With an average median price of around $600,000 already, most people may be priced out of buying a house already.
See also: 15 Biggest Real Estate Companies In The World and 10 Most Successful Real Estate Billionaires In America
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