Location. Location. Location.The 4 Top Single-Family Housing Real Estate Markets
When most property investors get started, they choose a location nearby.
However, as you begin to build your portfolio and become comfortable with the process, there’s no reason not to look all over the country for the best possible opportunities.
With that in mind, here are the four top single-family housing real estate markets in the country.
1. Orlando, Florida
The City Beautiful starts our list of the top single-family housing real estate markets for two main reasons.
First, Orlando is the country’s fourth fastest-growing metro area, currently at around 2.3 million.
Second, as if that wasn’t enough, approximately 72,000,000 people visit Orlando every year, too. So, if you’re ever without a tenant, you won’t be without temporary renters thanks to sites like Airbnb.
Furthermore, Orlando Medical City’s impact is still being felt here to the tune of $7.6 billion and 30,000 jobs.
2. Tampa, Florida
For the second spot on our list of the top single-family housing real estate markets, we head a little south to beautiful Tampa.
It also boasts one of the fastest growing metros in the country.
Don’t expect that to change anytime soon, either. According to the Milken Institute’s 2018 Index of Best-Performing Cities, Tampa is number 15. This is thanks in large part to plenty of new jobs courtesy of Amazon and a never-ending surge of talent from the University of South Florida.
3. Jacksonville, Florida
Back on the other side of the state is Jacksonville, which has seen an incredible 20% growth rate over the past decade.
So, while the current population is already a promising 1.3 million, you can expect more people to move there in near future.
One major factor for this growth is that Jacksonville is home to 3 companies on the Fortune 500:
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CSX (257)
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Fidelity National Financial (293)
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Fidelity National Information Services (301)
13 more have operations there. Plus, there are more than 20 hospitals inside the city and a growing bioscience community. In short, there are plenty of high-paying jobs here and plenty more coming.
3. Cape Coral, Florida
The “Boater’s Paradise” of Florida won that distinction by a landslide.
Still, what makes it stand out the most on this list is actually how its history has turned it into such a golden opportunity.
When the recession hit in 2008, Cape Coral took it especially hard because it was mostly a vacation destination and little more.
However, the city has seen a resurgence as more Baby Boomers are looking to retire in resort-friendly communities.
On top of that, in 2017, Forbes said it was the best city in the country for future job growth.
4. Pittsburgh, Pennsylvania
And now for a real change of scenery, we head to Steel City.
It might be the last city on our list of the top single-family housing real estate markets, but it’s definitely no slouch.
7 Fortune 500 companies have their headquarters here and it’s Google’s East Coast home, among a number of other tech startups.
Aside from plenty of jobs, Pittsburgh’s booming housing market continues to draw national attention, which may even attract Amazon’s second headquarters. With plenty of affordable options to choose from, Pittsburgh could offer a very quick ROI.
Top Single-Family Housing Real Estate Markets
As I promised at the beginning, the top single-family housing real estate markets offer some incredible options. While four-out-of-five of them are in Florida, their markets all benefit from population growth, job growth, and affordability.
If you’re excited about the potential to benefit from all three of these important traits, then the next step is funding a new purchase in one of these cities.
At Rental Home Financing, we can help you fund properties in any of the top single-family housing real estate markets listed above.
Just apply online today for either a single property or blanket loan and your portfolio could be one very valuable property bigger in the very near future.