As home values continue to rise throughout much of the country, many people are seeing real estate as an enticing opportunity to grow their wealth. In fact, a 2022 study revealed that 43% of Americans under the age of 40 would consider renting their own living space while purchasing an investment property elsewhere.
Investors across all age groups don't feel bound by geography and are willing to invest out-of-state to access more appealing markets. So where are the best places to own an investment property? The Zebra looked at the 50 most populous U.S. cities and found the top 10 for real estate investing. We looked at the following data points:
- Average annual homeowners insurance cost by state
- Percent of homes with price drops
- Year-over-year price increase for 2-bedroom unit
If you've ever considered purchasing an investment property to rent out, this list is a must-read no matter where you live.