Top Cities for Investment | Spotlight on Indianapolis, Jacksonville and San Antonio
Buying property can be daunting, much less buying investment property. But if you strike while the iron is cool, your venture can become a lucrative one before you know it. Investing in real estate can not only diversify your portfolio, it can open a steady cash flow into your pocket. And in today’s climate of low interest rates and growing job markets, the time to invest is now.
With partners located across the U.S., Leverage has the inside scoop on the top cities for investing.
First up, Indianapolis, Indiana. Fondly referred to as “Indy” by the locals, Indianapolis is one of the largest cities in the Midwest with a metro area of approximately two million and climbing. It’s home to major sports clubs like the Indiana Pacers and the Indianapolis Colts as well as three Fortune 500 companies.
The lifestyle of Indy is centered around affordability, walkability, and convenience with the city committing to greatly expand the mass transit system and green-space areas such as parks and public art displays.
A booming economy coupled with strong investments in neighborhood revitalization, a formidable culinary scene, and some of the most affordable housing in the region makes Indianapolis a prime market for investing. The median home price in the area is $159,990 with a median rent price of $1,000.
What sets Indianapolis apart from the rest is the unique style of homes you can invest in. With many having a double floorplan, investors can purchase a home and renovate it, then divide the parcel into two and rent them out individually. Reaping the benefits of two properties for the price of one? It can’t get much better than that. Case in point this property from Leverage Partner Indianapolis Home Realty located in the niche neighborhood of Little Flower which sold in under four hours for just over $100,000.
Next, we’re headed to the sunshine state. Jacksonville is the largest city in Florida and as such offers a little something for everyone whether you’re an outdoor adventurer or a patron of the arts. It’s also home to world-class healthcare and four of Florida’s top public high schools.
With a job market that has been steadily growing across sectors like finance, healthcare, and education, people are making the move to Jacksonville over other cities in Florida like Tampa and Miami. Pepper in low property taxes, no state income tax, and a rental growth rate that’s more than quadruple the national year-over-year average, and you’ve got an investor’s recipe for success. The median home price in Jacksonville is $210,000 — 33% cheaper than the national average according to Forbes — and the median rent price is $1,250.
This property, available now for Leverage Partner Fred Miller Group, Inc., is a great example of what an investor can do in Jacksonville. The listing has a strong history as a vacation rental with an average cost per night around $300 during high season.
Now it’s time to experience what it means to be “Deep in the Heart of Texas”. San Antonio is one of the nation’s fastest growing cities. Despite that growth, the city maintains its charm with the preservation of its incredible history. San Antonio is home to The Alamo and the San Antonio Missions National Historical Park which together have been named a World Heritage Site by UNESCO.
While the real estate market in other major Texas cities is beginning to skyrocket, like Austin with a median home price of $350,200, San Antonio has managed to fly under the radar with a median home price of $239,500 and a median rent price of $1,300.
Currently on the market from Leverage Partner NIX Realty Company, this home in Olmos Park is near two university campuses and would cost $3,400 per month to rent, an additional $525 for the detached apartment.
When it comes to investing, you’ve got options. Leverage and its Partners like the ones featured here can help you find the market that’s right for you.
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