Where are the best places to buy rental property this year? As a seasoned real estate investor who has been buying single-family and multi-family real estate for decades in the United States and abroad, this is a question I get asked a lot. To help you narrow down the best market for your real estate investment goals, we’ve rounded up the top choices for 2025 and into 2026.
Before we dive into our best places to buy rental property for 2025, here are some tips for analyzing potential real estate markets.
3 Factors for Analyzing a Real Estate Market
Before researching and analyzing markets, you’ll want clarity on your real estate investment goals to avoid making impulse decisions. Ask yourself, “What do I want from my investment?” Knowing your goals and the answer to this question is critical to choosing the right path for you.
I’ve found that the best cities to invest in have three factors in common: job growth, population growth and affordability.
1. Job Growth
Because population growth correlates with the availability of job opportunities, real estate investors should prioritize markets where job opportunities are expanding.
When assessing a location for a strong job market, here are key points to keep in mind:
- Number of jobs. The number of jobs in an area signifies which locations are experiencing growth and which are not.
- Rise in median salary. The median salary is the midpoint of all wages. When it rises, it indicates a growing economy with a demand for skilled workers.
- Job diversity. A strong mix of industries and workforce signifies an area is on an upward momentum.
- Commercial buildings. When the economy improves, industries expand, and more commercial buildings and towers are built.
2. Population Growth
Despite what the numbers on your pro forma may say, a rental property only brings in revenue if you can find someone willing to rent it. To determine the best places to buy rental property for 2025, look for areas with high population growth and housing demand.
To analyze a region’s real estate market, look for signs of increasing population, as this often equates to increased demand for housing. Real estate markets with growing populations also tend to have strong economies. When more jobs are available, more people can afford to pay rent.
When demand for houses outpaces supply, home prices rise and rents increase. When you invest in rental properties in an area with high population growth and housing demand, your investment should pay off over time as rents rise.
3. Affordability
Every housing market has its own pricing and market trends. Different factors come into play when researching where to invest in rental property. Here are three:
- Location. A property’s location, including the city and neighborhood, plays a big role in its current value, appreciation potential, and how long it takes to recoup your initial investment. At RealWealth, we suggest investors avoid high-priced markets like New York City, Los Angeles, or San Francisco and instead focus on markets with growing appreciation and job growth like Baltimore, Maryland, San Antonio, Texas, and Jacksonville, Florida.
- Price-to-rent ratio. Investors use this benchmark number to gauge an area’s potential profitability. To find this number, divide the median home price by the median yearly rent. The calculated number lets you know if renting or owning a property is cheaper. A price-to-rent ratio of 15 or lower favors buying, while 21 and above means it’s cheaper to rent than buy. The higher the price-to-rent ratio, the worse the market is for real estate investing (rentals in particular). It also translates to lower cash flow potential. Conversely, an area with affordable real estate but increasing rents will almost always make for a good investment.
- Fixer-upper. A fixer-upper in a popular or up-and-coming neighborhood can also be a good investment if you have the time, money and experience to make improvements that increase rent and property values.
When you find a market with all three factors – job growth, population growth, and affordability – you’ll likely be able to find good real estate investment opportunities for both cash flow and appreciation.
To help you with your market research, we’ve rounded up 25 of the best places to buy rental property for 2025 and into 2026. We’ll also explain why these markets are strong for investors.
Where is the Best Place To Buy Rental Property Today?
25 Cities To Consider in 2025 and 2026
Please note: The following real estate markets are ranked according to our estimation of their cash flow and appreciation potential. We’ve made this determination based on insights from RealWealth Investment Counselors, who are highly experienced real estate investors who own property in many of these markets.
Using the expertise of our local property team networks, we’ve pulled together and analyzed current home value and rental data based on the current inventory, as well as metro area historical home value and rental data (dating back to 2014) using Zillow’s Housing Data spreadsheets. In addition, we’ve researched and calculated metro population growth for the last eleven years using Census.gov and annual job growth using data from the Department of Numbers.
We’ve completed months of research to update this article for 2025. However, please do your due diligence when deciding which real estate market to invest in and which property to purchase. This is the only way to ensure you make the best investment decision for your goals and financial situation.
#1 Dallas, TX
Often referred to as DFW or The Metroplex by locals, the Dallas–Fort Worth–Arlington Metropolitan Statistical Area is the bustling hub of North Texas. It covers 12 counties, with two main areas—Dallas–Plano–Irving and Fort Worth–Arlington—leading the economic growth of Texas.
In 2023, the Dallas-Fort Worth Metroplex area became home to more than 8.1 million people. Data from the Kinder Institute for Urban Research suggests it will have over 10 million residents by 2030, positioning it in the top five for U.S. metros. Currently ranked in the top ten for cities with the highest gross domestic product (GDP), Dallas had a GDP of 744 billion in 2023. Its economic growth and stability will continue to make it one of the best places to buy rental property.
About the Dallas Housing Market
Dallas-FortWorth is predicted to be a hot real estate market for 2025. Much of this is thanks to its forward-thinking development and diverse economy. The town got its start in cotton and oil. Now, it is a business and financial services hub, with leading tech, health services, business and financial services, and telecommunications as leading sectors. This business diversity has helped the Dallas real estate market stay strong and stable, even during economic uncertainty, making it a good choice for real estate investors.
Noted as one of the top five Sun Belt cities, Dallas has some of the fastest-growing suburbs in the country. Home builders are capitalizing on this trend. From July 2023 to July 2024, the area saw a 20% year-over-year increase in building permits for single family homes. This has had a slight stabilizing effect on inventory levels and rents. According to the U.S. Census Bureau, in Q3 2024, Dallas had an 8.8% rental vacancy rate. Zillow notes the rent index as trending with a 0.4% month-over-month change.
Home values decreased slightly; sales trends indicate a stabilization and return to a buyer’s market. However, while more inventory has come onto the market, the area’s strong economic growth, stability, and robust population keep housing demand strong. The yearly appreciation rate is 9.02%, well over the national average. As one of Texas’s most dynamic real estate markets, Dallas continues to be one of the best places to buy rental property.
Dallas Housing Market Statistics
- Median Household Income: $75,220
- Metro Population: 8.1 Million
- 12-Year Population Growth: 26.72%
- Median Home Price: $369,919
- 1-Year Equity Growth: 9.02%
- 10-Year Equity Growth: 117.64%
- Median Rent Per Month: $1,723
- 1-Year Rent Growth: 3.65%
- 10-Year Rent Growth: 38.12%
- Job Growth: +64,500 jobs created over the last year
- 1-Year Job Growth Rate: 1.5% (higher than the national average)
- Unemployment Rate: 4% (lower than the national average)
Dallas Housing Market Quick Facts
- Dallas metro area home prices have grown by 142% over the last 10 years.
- The market is stabilizing, as its 4.74 months of inventory supply indicates.
- The average rent for single-family rental properties is $1,723.
- As of November 2024, more than 64,500 jobs were created.
- The Dallas-Fort Worth metro area is projected to surpass 10 million residents by 2030.
- The Dallas metro area’s GDP grew by 12.8% to $744 billion, a 36% increase from 2020.
- The Dallas housing market is cooling down, with its market hotness ranking as ‘warm.’
- As of December 2024, Dallas home prices were up 7.6% year-over-year for the past five years.
- The rental vacancy rate is 8.8%, with 61.2% of metro households opting to rent.
Top 3 Reasons to Invest in the Dallas Real Estate Market in 2025
1. Resilient appreciation
Despite forecasts of home price stabilization, Dallas home appreciation has consistently surpassed the national average, with an average yearly appreciation rate of 9.02%. The average rent appreciation rate has been 3.65% over the last 10 years. This reliable growth offers promising investment opportunities, even during price corrections.
2. Rapid urbanization and population surge
Dallas-Fort Worth is among the fastest-growing metro areas in the United States and is projected to reach 8.4 million by 2028. People are drawn to the metro for job opportunities, affordable living, cultural diversity, and quality of life. This rapid urbanization indicates a strong and sustained demand for housing, making it one of the best cities to buy rental property.
3. Diversified economic powerhouse
Dallas consistently ranks as one of the fastest-growing economies in the U.S. and boasts a flourishing, diversified economy beyond any single industry. It continues to attract businesses, talent, and investment, driving job creation and supporting the housing market’s growth potential.
How To Purchase Investment Property in Dallas
Dallas has a robust and diversified economy with a significant presence in the technology, financial services, and defense sectors. The city’s population growth and job market are strong, contributing to a high demand for rental properties.
How to Purchase:
- Research the market: Familiarize yourself with the different neighborhoods and their investment potential; several prime areas exist. Deep Ellum is popular for its vibrant artistic community and potential for growth. Young professionals and families are drawn to Plano for its plentiful corporate headquarters. Midway between Dallas and Fort Worth, the town of Arlington is driving rental demand.
- Understand the laws: Texas property laws are generally landlord-friendly. However, be aware of specific local regulations regarding property rental and maintenance.
- Financial planning: Texas property taxes are higher than in other states, which could impact your investment’s profitability. Review your real estate pro forma thoroughly and talk with a trusted CPA.
- Work with a local team: Partner with experts who know the Dallas and North Texas market well and can help you find the best properties. Connect with the Dallas Property Team in RealWealth’s network today to view current turnkey rental property inventory.
Best Neighborhoods to Invest in Dallas
1. Denison
Located 60 miles north of Dallas, Denison is part of the thriving Sherman-Denison metro area. One of its attractions is its lower cost of living, which is 9% lower than the national average. From its downtown development projects to master-planned development communities, the town creates more incentives for people to live here.
2. Greenville
Northeast of Dallas, Greenville offers a compelling mix of small-town charm and strategic connectivity to the larger Dallas-Fort Worth-Arlington metropolitan area. Home to a population of 34,193, it is growing at an annual rate of 4.51%.
With major employers like L3 Communications, Hunt Regional Healthcare, Greenville Chrysler, and Argon Technology Corporation, to name a few, its vicinity to Dallas represents an attractive investment locale with potential for economic expansion.
3. Sherman
Situated 70 miles north of Dallas, the small town of Sherman offers real estate investors a range of entry points, from lower-end to new-build. The current population of 48,643 will likely increase once Texas Instrument’s $30 billion manufacturing plant is complete, bringing in 3,000 jobs.
#2 Jacksonville, Florida
Jacksonville, Florida, is the 11th largest city in the United States. Its population is over 985,837, and the metro area has a population of 1.4 million. A driving factor for growth is its affordability (the cost of living is 7% lower than the national average), economic stability, and natural beauty, which make it an appealing destination for people moving from higher-cost regions, particularly the Northeast.
Along with being home to multiple military facilities, Jacksonville’s diversified industrial base includes finance, healthcare, logistics, and manufacturing sectors. This mix of industries ensures that the area’s economic prospects are not tied to a single sector, helping to drive housing demand and making it a well-rounded choice for investment properties.
About the Jacksonville Housing Market
Housing demand and prices are stabilizing in the Jacksonville real estate market, which indicates it is shifting to a buyer’s market. In December 2024, Redfin noted a five-month inventory supply; homes took an average of 67 days to sell. The average home price is $352,792, and the average rental price is $1682, less than the national average.
This combination of relatively low home prices, significant property appreciation (7.35% yearly), and rental rates (4.21% yearly) makes the Jacksonville real estate market one of the best places to buy rental property. As the market stabilizes and more inventory becomes available, rental rates may fall slightly, but with its healthy job market and influx of annual students, demand will remain high.
Single-family housing permits dropped, much of it due to the pandemic building boom (2020-2021), high interest rates, and economic uncertainty. However, the number of single-family permits aligns with pre-pandemic numbers. Multi-family permits have also dropped. In February 2023, 1,500 new permits were issued. In October 2024, there were 219 permits, and in November, there were only four. This lull is likely to help inventory and vacancy rates stabilize.
People are still flocking to Jacksonville because of its robust job market, affordability, and better living conditions. Ranking the sixth most popular city for people to move to, Jacksonville added more than 130,000 residents in the last ten years. Even though its market is stabilizing, Jacksonville will likely continue to be one of the best cities to buy rental property in the Sunshine State.
Jacksonville Housing Market Statistics
- Median Household Income: $87,378
- Metro Population: 1.4 Million
- 12-Year Population Growth: 27.01%
- Median Home Price: $352,792
- 1-Year Equity Growth: 8.57%
- 10-Year Equity Growth: 109.59%
- Median Rent Per Month: $1,682
- 1-Year Rent Growth: 4.69%
- 10-Year Rent Growth: 51.02%
- Job Growth: +12,400 jobs created over the last year
- 1-Year Job Growth Rate: 1.5% (higher than the national average)
- Unemployment Rate: 3.6% (lower than the national average)
Jacksonville Housing Market Quick Facts
- With an average single-family home price of $352,792, the Jacksonville market has experienced remarkable appreciation, growing by 109.59% over the last 10 years at an annual rate of 8.57%.
- Rental rates have grown substantially, with the average single-family rent reaching $1,681. Over the last decade, rental prices have increased by 51.02%, growing at a rate of 4.69% per year.
- The Jacksonville metro area experienced 1.5% annual job growth between November 2023 and November 2024, adding 12,400 jobs.
- The population of the Jacksonville metro area has also expanded by 27.01% over the last 12 years, a rate that is 227% faster than the national average.
- Currently home to 1.4 million residents, the Jacksonville metro area is growing at an annual rate of 13.71%.
- The rental market has a vacancy rate of 8.8%, with 42.6% of households opting to rent.
- The Jacksonville metro area has a market hotness ranking of “warm.”
- The Jacksonville metro GDP totals $129 billion. It grew 9% between 2022 and 2023.
Top 3 Reasons to Invest in the Jacksonville Real Estate Market in 2025
1. Fast population growth
The Jacksonville metropolitan area has experienced remarkable population growth over the past several years, with the metro’s population reaching an estimated 1.4 million. Over the past 12 years, the metro area has seen a 27.01% growth rate, more than tripling the national average.
This rapid influx of new residents is driven by Jacksonville’s lower cost of living, diverse economy, and appealing lifestyle, with year-round warm weather and proximity to beaches. The city of Jacksonville itself has seen a 5% population increase from 2019 to 2021, coupled with a 12.8% rise in median earnings, signaling a thriving economy and a real estate market poised for both rental and sales growth.
2. Robust job market
Jacksonville’s strategic location and infrastructure have made it a hub for logistics and distribution. Additional top sectors include advanced manufacturing, aviation and aerospace, finance and insurance, information technology, life sciences, and a location for multiple company headquarters. This economic diversity and consistent job creation make it more resilient to market fluctuations. In 2024, the city added 12,400 jobs, and its unemployment rate was 3.6%, less than the national average.
3. Steady real estate appreciation
Population growth and a robust job market consistently fuel strong demand for housing, so it consistently ranks as one of the best places to buy rental property. While the market may be cooling, Jacksonville still saw a year-over-year home appreciation rate of 8.57%. Over the past decade, the median home price in the metro area increased by 109.59%, and rent prices rose by 51.02%. Keep in mind that some neighborhoods offer more significant investment potential than others.
How To Purchase Investment Property in Jacksonville
With beautiful beaches, a warm climate, and a growing tech scene, Jacksonville attracts young professionals and families. This growth drives the demand for both single-family and multi-family rental properties.
How to Purchase:
- Market research: Look into areas like Riverside and San Marco for higher-end investments or Northside or Springfield for more affordable options.
- Regulations to consider: Florida does not have a state income tax, which can benefit rental income. However, due to hurricane risks, consider insurance costs, especially for properties close to bodies of water.
- Build a network: Connecting with local real estate agents and investors can provide valuable insights into the market and help you find good deals. Connect with the Jacksonville Property Team in RealWealth’s network today to view current turnkey rental property inventory.
Best Neighborhoods to Invest in Jacksonville
1. Downtown Jacksonville
As the heart of the 1.6 million-strong Jacksonville metropolitan area, Downtown Jacksonville offers a unique investment opportunity. Situated along the scenic St. Johns River, the area provides access to recreational amenities like the Riverwalk and a thriving commercial landscape.
Home to three Fortune 500 companies and over 2,400 businesses, Downtown boasts a daytime population of 55,000 employees. With ongoing revitalization projects, including the $145 million FIS headquarters and the $72.2 million JEA headquarters, Downtown Jacksonville is poised for continued growth and investment appeal.
2. Inverness
Located approximately 80 miles north of Jacksonville, the Inverness area presents a compelling option for real estate investors seeking more affordable opportunities. As part of the Homosassa Springs metro but within the broader Jacksonville metropolitan region, Inverness offers lower home prices compared to the core Jacksonville market.
Inverness is home to major employers like Florida Citrus Hospital and Advance Green Energy, providing a stable economic foundation. For investors looking to diversify their portfolios with more budget-friendly options, Inverness is worth considering.
3. Orange Park
Situated along the picturesque St. Johns River, the suburb of Orange Park offers a unique blend of tranquility and convenience. With a population of 8,600, Orange Park provides residents with a family-friendly atmosphere and easy access to the amenities of Downtown Jacksonville.
The area is home to one of the largest shopping malls in the country, the Orange Park Mall, which features a diverse array of retail and entertainment options. Investors in Orange Park can capitalize on the high occupancy rates and steady rent growth driven by the area’s desirable residential character and excellent school system.
#3 San Antonio, Texas
San Antonio, Texas, and the surrounding New Braunfels area are experiencing rapid population growth. From 2022 to 2023, the city gained 22,000 residents and earned a spot in the top ten cities nationwide with the most significant gains. The city’s economy is strong and diverse, with sectors such as healthcare, tourism, technology, and the military, making San Antonio, also nicknamed “Military City, U.S.A.,” one of the best places to buy rental property.
San Antonio is also known for its rich cultural heritage (Native American, Spanish, Mexican, and German), which is well-preserved and adds to the city’s charm. This culture and the thriving economy create a vibrant and appealing community.
The San Antonio real estate market is also affordable. As of January 2024, the median home price in the area is $283,681, which is about 22% lower than the national average. Affordability, the city’s solid economy, and population growth make the San Antonio-New Braunfels metro area a compelling choice for purchasing rental property.
About the San Antonio Housing Market
San Antonio has been ranked as a “market to watch” in the ULI Emerging Trends in Real Estate® report for 2025, coming in at number 15 out of 81 cities. The city’s diverse and recession-resistant economy, significant economic developments, and track record of attracting new residents contribute to its growth and housing demand. These key factors continue to make it one of the best places to buy rental property.
According to Redfin, in December 2024, home prices in San Antonio were up slightly, 1.9% compared to last year, with a median home price of $270,000 and an average of 54 days on the market. While inventory has balanced and homes stay on the market longer, some neighborhoods are more competitive, with homes going pending in 28 days. The city’s long-term demand remains strong, thanks to its significant military presence and growing healthcare and tech sectors.
San Antonio’s housing market has a history of stability and resilience, making it one of the best cities to invest in real estate. As the seventh-largest city in the United States and seventh for growth, it has long attracted a diverse population. The city’s military roots provide a stable economic foundation, protecting it from market volatility. This stability has led to a real estate market that favors long-term investment and growth over house flipping.
San Antonio’s proximity to Austin (just a 90-minute drive away) also makes it an attractive option for investors from the Austin area who are looking for value without straying too far from home. The growing connection between the two cities suggests an interconnected future, making investing in San Antonio a smart move for those looking to capitalize on the broader growth of real estate investing in Central Texas.
San Antonio Housing Market Statistics
- Median Household Income: $88,500
- Metro Population: 2.7 Million
- 12-Year Population Growth: 25.59%
- Median Home Price: $283,681
- 1-Year Equity Growth: 5.48%
- 10-Year Equity Growth: 61.59%
- Median Rent Per Month: $1,456
- 1-Year Rent Growth: 4.14%
- 10-Year Rent Growth: 44.09%
- Job Growth: +303,000 jobs created over the last year
- 1-Year Job Growth Rate: 1.76% (higher than the national average)
- Unemployment Rate: 3.6% (lower than the national average)
San Antonio Housing Market Quick Facts
- The average single-family home price in San Antonio is $283,681. The city has witnessed a steady growth in home prices, with an appreciation rate of 5.48% year-over-year, culminating in a 61.59% increase over the last decade.
- The average rent in San Antonio is currently $1,456, marking a significant increase of 44.09% over the past ten years, with an average yearly growth rate of 4.14%.
- In June 2024, the vacancy rate was 7.4%, and 48% of households were renter-occupied.
- San Antonio is one of the fastest-growing metro areas in the country. Its current population is 2.7 million, and its growth rate is 2.30% annually.
- In 2024, the San Antonio metro area added 36,00 new jobs, growing at 3%.
- Realtor.com has given San Antonio a market hotness ranking of 20, slightly cool.
- In December 2024, Realtor.com shows the median listing price trending downward, -3 % year over year, with a sales-to-list price ratio of 99.07%.
- The GDP for the San Antonio metro area was reported at $182 billion in 2023, with an 8.9% growth between 2022 and 2023.
Top 3 Reasons to Invest in the San Antonio Real Estate Market in 2025
1. Consistent rental demand
As new apartment complexes have come onto the market, the San Antonio rental market is experiencing a slight price dip. However, the data for the past 10 years shows that rents have increased by 4.14% annually. As the city continues building infrastructure ($46.5 million in public improvements), businesses bring jobs and tourism revenue dollars, San Antonio will continue to have a demand for housing, and rents will continue to rise.
2. Strong population growth
San Antonio is experiencing remarkable population growth, expanding by 25.59% from July 2010 to July 2023, significantly outpacing the national average. The population is expected to increase in 2025 and double by 2040. This influx of people will keep housing demand strong.
3. Stable and diversified economy
The economic landscape in San Antonio is both stable and diverse, anchored by significant sectors such as healthcare, military, finance, and tourism. The military remains the city’s top employer, creating more than 242,000 jobs (direct and indirect). The city also stands out as a hub for cybersecurity, supported by a skilled workforce from local universities like UTSA.
With approximately 39 million tourists visiting annually, the city reaps substantial economic benefits from the tourism sector. Plus, the city’s cost of living, cultural scene, and outdoor activities appeal to people of all backgrounds. This diversified economic base promotes job creation and attracts a steady stream of residents to San Antonio, making it one of the best places to buy rental property and a promising prospect for real estate investors.
How To Purchase Investment Property in San Antonio
San Antonio’s rich cultural heritage and strong military presence offer a stable rental market, particularly for those looking near military bases or the downtown area, which attracts tourists year-round.
How to Purchase:
- Market research: Areas like Alamo Heights and Tobin Hill have high rental demand.
- Legal considerations: Factor in Texas property taxes and consider the impact of state laws regarding landlord rights and tenant protections.
- Investment strategy: Research regulations related to short-term rentals and factor in potential military relocation impact on vacancy rates.
- Networking: Establish connections with local real estate professionals and investor groups to identify opportunities and understand the nuances of the market. Connect with the San Antonio Property Team in RealWealth’s network today to view current turnkey rental property inventory.
Best Neighborhoods to Invest in San Antonio
1. Eastside
Located a mere five minutes from downtown San Antonio. Its adjacency to major highways, including 90 and I-35, offers unparalleled connectivity. With a population of 26,500, Eastside is witnessing a noteworthy transformation, especially in areas like Denver Heights and Dignowity Hill, making it a magnet for young professionals and families.
Compared to the pricier neighborhoods of Alamo Heights or Olmos Park, Eastside offers a more accessible investment entry point. Moreover, its closeness to employment hubs and connections with regional centers amplifies its appeal for long-term investment prospects.
2. West San Antonio
If you’re looking for budget-friendly housing options, West San Antonio is the place to be. This area offers a diverse population and a vibrant cultural landscape, appealing to renters from various backgrounds. With its proximity to major employers like USAA and the expanding Lackland Air Force Base, West San Antonio is experiencing steady population growth. It is a prime location for first-time home buyers and investors seeking fixer-uppers or buy-and-hold rentals.
3. Bulverde
Located a comfortable 20-minute drive from downtown, Bulverde offers an enticing blend of accessibility and serenity, making it an attractive spot for families and young professionals. With a population of 6,900, the area enjoys steady growth, supported by excellent schools and the quiet allure of Texas Hill Country living.
Bulverde’s scenic landscapes and outdoor recreational venues provide a refreshing counterbalance to city life. The development of master-planned communities, such as Johnson Ranch, presents diverse housing opportunities, complete with community amenities and a strong neighborhood spirit. Investors looking for a blend of rural charm and proximity to urban conveniences will find Bulverde an ideal choice.
#4 Indianapolis, Indiana
The Indianapolis real estate market is an excellent choice for investment properties, offering a winning combination of strong economic growth and affordability in America’s heartland. This Midwestern has been getting bigger and better, with suburban counties like Hancock and Boone at the top as the most-growing counties in 2023.
In 2023, the Indianapolis-Carmel-Anderson metro area had a GDP of $199.2 billion, which is expected to grow by 3.1% in 2025. Several factors contribute to the increase, including population growth, new capital projects, sports and entertainment convention business, and manufacturing expansions.
Despite the national housing market’s price surge, the Indianapolis metro area remains relatively affordable, with a median home price of $272,161, 24% lower than the national average. This affordability and the region’s robust economic growth make Indianapolis one of the best places to buy rental property and an attractive option for investors seeking a balance of value and potential.
About the Indianapolis Housing Market
The Indianapolis housing market offers positive cash flow opportunities, relative affordability, and a diversified local economy, making it an appealing destination for investors. The National Association of REALTORS® included Indianapolis on its top housing hot spots list for 2025. They used several factors to identify these top cities, including job growth, net migration, affordability, and price appreciation.
The Indianapolis housing market has consistently risen in recent years. In 2024, the median sales price for single-family homes in the city was $272,161, a 3.4% increase compared to the previous year. This steady appreciation, along with a 5.5% year-over-year increase in the number of homes sold, showcases the robust demand and desirability of the Indy metro area as one of the best cities to buy rental property.
Indianapolis’ diversified economy sets it apart, providing a solid foundation for the local housing market. The Hoosier capital is a hub for health care, manufacturing, and education sectors. Major employers include IU Health, the region’s largest employer with over 30,000 employees. The city also has leading logistics and transportation businesses, including FedEx Express and CSX, as well as large pharmaceutical companies like Eli Lilly and Roche Diagnostics.
Indianapolis Housing Market Statistics
- Median Household Income: $66,800
- Metro Population: 2.13 Million
- 12-Year Population Growth: 12.99%
- Median Home Price: $272,161
- 1-Year Equity Growth: 7.73%
- 10-Year Equity Growth: 90.54%
- Median Rent Per Month: $1,487
- 1-Year Rent Growth: 4.24%
10-Year Rent Growth: 45.32% - Job Growth: +13,051 jobs created over the last year
- 1-Year Job Growth Rate: 1% (higher than the national average)
- Unemployment Rate: 3.8% (lower than the national average)
Indianapolis Housing Market Quick Facts
- The median home price in the Indianapolis metro area is $272,161, 24% lower than the national average. Homes remain affordable despite a staggering 95.45% appreciation over the past decade and a 7.73% average annual appreciation rate.
- The average monthly median rent stands at $1,487, reflecting a 45.32% growth over the last decade at an annual rate of 4.24%.
- The population has increased by 12.99% in the last 12 years, growing 57% faster than the US average. As of the 2023 census, the metro area’s population was 2.13 million.
- Between November 2023 and November 2024, the area created 13,051, a 1% annual job growth rate, slightly higher than the national average.
- The Indianapolis metro area’s rental vacancy rate is 5.2%, and 45% of households are renters.
- As of January 2025, the Indianapolis metro area had a market hotness rank change of 100 out of all metro areas nationally. This indicates that the market has cooled down compared to its previous ranking but remains a highly desirable location for cash flow investments.
- In December 2024, Indianapolis’s median home listing price rose 4.3%, and homes sold after 30 days.
- The Indianapolis-Carmel-Anderson metro area’s GDP is $199.2 billion, which grew by 6.3% between 2022 and 2023.
Top 3 Reasons to Invest in the Indianapolis Real Estate Market in 2025
1. Affordability
Indianapolis offers a more accessible real estate market compared to the national average. The average single-family home price in the Indianapolis metro area is $2272,161, significantly lower than the national average of $353,110. This affordability attracts young homebuyers, with Indianapolis outpacing other Midwest cities like St. Louis and Cincinnati with Gen Z buyers.
2. Steady Population Growth
The Indianapolis metro area has consistently grown, with a population of around 2.1 million as of 2023. This population growth is expected to continue, with experts noting that between 2020 and 2050, the metro area will gain 405,000 people, a 19.3% increase. This steady influx of new residents creates a reliable demand for housing in the city and surrounding suburbs.
3. Appreciating Home Prices and Rents
The Indianapolis housing market has seen steady appreciation in home prices and rents over the past decade. Home prices in the city have appreciated by an average of 7.73% per year, outpacing the national average. Rent appreciation has also been strong, at around 4.24% per year. This consistent growth in property values and rental income makes Indianapolis attractive to real estate investors.
How To Purchase Investment Property in Indianapolis
Indianapolis offers attractive opportunities for rental property investors due to its affordable cost of living and the strong job market in healthcare, education, logistics and tech.
How to Purchase:
- Identify the best areas: Look for properties in up-and-coming neighborhoods like Fountain Square, established areas like Broad Ripple for a mix of residential and commercial investments, or Irvington for its suburban feel with easy access to city amenities.
- Legal framework: Indiana’s laws are generally considered favorable to landlords. However, be mindful of local ordinances in Marion County or specific Indianapolis city regulations.
- Research: Research revitalization efforts in specific neighborhoods and be mindful of potential property tax changes.
- Investment strategy: Given relatively lower property prices, investors might consider acquiring multiple properties within the city to diversify their portfolios.
- Get assistance: Connect with the Indianapolis Property Team in RealWealth’s network today to view current turnkey rental property inventory.
Best Neighborhoods to Invest in Indianapolis
1. New Castle
Located just 20 miles east of downtown Indianapolis, New Castle offers affordable investment opportunities. With some properties selling for less than $100,000, this market provides accessible entry points for real estate investors. The area is home to major employers like Duke Energy, Grede Casting Company, and American Keeper Corp., which are creating a stable economic foundation.
2. Muncie
Muncie, located 50 miles northeast of Indianapolis, was recently ranked one of the best markets for first-time homebuyers. Affordable housing, growth potential, and favorable demographics make Muncie attractive. Additionally, the presence of Ball State University provides a steady pool of potential tenants for rental properties.
3. Rockport
While not directly part of the Indianapolis metro area, Rockport, located approximately 120 miles southwest of Indianapolis, still benefits from the broader trends impacting Indianapolis’s real estate market. Rockport’s rich history as a port town and its diverse local employers, including Waters of Rockport and Precision Strip, make it a unique investment opportunity for those seeking to diversify their portfolio beyond the immediate Indianapolis region.
#5 Chattanooga, Tennessee
Tucked along the Tennessee River at the foot of the Appalachians in Southeast Tennessee, Chattanooga is known for its natural beauty and vibrant arts, entertainment, and cultural scene. Small businesses and start-ups are drawn to the city’s innovative thinking, which brought gigabit-speed internet to the community, earning it the nickname “Gig City.” All of this has helped attract professionals and young families to the area, making it one of the best places to buy rental proeprty.
MSA and the Economy
The Chattanooga, TN-GA metropolitan statistical area covers two states, Tennessee and Georgia, with three counties in each. The Chattanooga Area Chamber reports that the top industry sectors include finance, insurance, real estate, manufacturing, education, and healthcare. The GDP is $42.83 billion, a 5.2% increase from 2022 to 2023.
Population Growth
The Chattanooga, TN-GA MSA has been growing steadily. From 2010 to 2020, the population grew by 8%. From April 2020 to July 2023, the population grew by 3.3%, with approximately 580,971 residents, respectively. The Boyd Center for Business and Economic Research projects the population to increase by 10.4% by 2030.
Job Growth
The Center for Regional Economic Research (CRER) reports that the Chattanooga MSA has seen higher-than-average employment growth over the past ten years, much of which has come from a manufacturing sector boom. From 2014 to 2023, nonfarm jobs rose by a whopping 20%, while the national average was 12%.
Manufacturing, government, education, healthcare, and professional services are the top employment sectors. Major employers include BlueCross BlueShield of Tennessee, Erlanger Health System, and Volkswagen Group of America. CRER also predicts to see an addition of 6,700 jobs in 2025.
Investing Through Property Teams at RealWealth
The Chattanooga property team we work with sells single-family and multi-family investment properties. The average price is $242,500, 32.39% lower than the national average. However, rents average $2,100, 3.40% higher than the national average. The affordability of the market, the potential for appreciation, and cash flow are draws for real estate investors look for the best places to buy rental property. To connect with the team we work with, join RealWealth today.
Chattanooga Housing Market Statistics
- Median Household Income: $61,028
- Metro Population: 580,971
- 12-Year Population Growth: 9.80%
- Median Home Price: $300,503
- 1-Year Equity Growth: 7.99%
- 10-Year Equity Growth: 99.68%
- Median Rent Per Month: $1,543
- 1-Year Rent Growth: 6.47%
- 10-Year Rent Growth: 75.79%
- Job Growth: +6,600 jobs created from November 2023 to November 2024st year
- 1-Year Job Growth Rate: 2.2% (higher than the national average)
- Unemployment Rate: 3.4% (lower than the national average)
Chattanooga Housing Market Quick Facts
- The average home value is $300,503, and the yearly appreciation rate is 7.99%. Over the past 10 years, homes have appreciated 99.68%.
- The average rent is $1,543, with a yearly appreciation rate of 6.47%. Over the past 10 years, rents have increased by 75.79%.
- The rental vacancy rate is 7.9%, and 47% of households are renter-occupied.
- Between November 2023 and November 2024, 6,600 jobs were created.
- By 2030, the population is expected to increase by 10.4%.
- The GDP is $42.83 billion, a 5.2% increase from 2022 to 2023.
- FRED market hotness score is 153. The year’s low was 92, and the high was 184.
- Redfin reports it is a “Somewhat Competitive” market.
- In December 2024, the median sale price was $345,000, up 8.3% since last year. Homes typically go pending in 57 days, and hot homes in 34 days.
Top 3 Reasons to Invest in the Chattanooga Real Estate Market in 2025
1. Affordability
A benefit to living in the Chattanooga MSA is its cost of living, which is 10% lower than the national average. The average home value is $300,503, 16.22% below the national average. This lower entry point attracts real estate investors looking for more affordable investment properties, cash flow, and appreciation opportunities.
2. Strong Home Appreciation
In December 2024, Redfin reported that the average home sales price was $340k, 7.9% higher than last year. Looking at historical data, over the past 10 years, homes have appreciated 99.68%, at an annual rate of 6.47%. According to Realtor.com, in 2025, Chattanooga will see an increase in sales growth of 2.2% year over year and a price growth increase of 6.3% year over year.
3. Increasing Demand and Rents
The strong job market positively influences housing demand; however, supply is limited. As of January 2025, there was a 3.8-month supply, well below six months of inventory. While investors may find specific neighborhoods more competitive, job growth will maintain the demand for housing.
Almost half of the households, 47%, are renter-occupied. The average rent in Chattanooga is $1,543, with a yearly appreciation rate of 6.47%. Over the past 10 years, rents have increased by 75.79%. In January 2025, Zillow reported that rents were trending at $1,650, and 2024 prices experienced a year-over-year change of—$18. However, a Construction Coverage analysis of HUD data expects a +14.4 % change in rent from 2024 to 2025
How To Purchase Investment Property in Chattanooga
Job and population growth in the Chattanooga MSA presents real estate investors with potential investment opportunities for cash flow and appreciation.
How to Purchase:
- Market research: The MSA includes Tennessee and Georgia. Be sure to research neighborhoods, landlord laws, and property taxes for that location.
- Local laws and regulations: Be aware of local laws, including the short-term vacation rental reform limiting STR in neighborhoods, the new zoning code that provides more flexibility to housing types in the same zone, and the new pilot program for building affordable housing units.
- Build a network: Partner with experts who know the area (TN and GA) well, including the best neighborhoods and new build development opportunities. Connect with the Chattanooga Property Team in RealWealth’s network today to view current turnkey rental property inventory.
#6 Kansas City, Missouri
The Kansas City metropolitan area spans two states: Missouri and Kansas. After St. Louis, it is Missouri’s second-largest metro area and the second-largest employment region, accounting for 20% of the state’s employment. Thanks to its business diversity, the economy has been stable historically. The Missouri Economic Research and Information Center projects that between 2022 and 2032, employment will grow by 7%.
The federal government is the largest employer, with approximately 41,560 employees. Other sectors include education, healthcare, insurance, technology, transportation, and manufacturing. More than a dozen companies, including H&R Block, Hallmark Cards, and American Century, are headquartered in Kansas City.
About the Kansas City Housing Market
Zillow ranked the Kansas City real estate market in its top 10 hottest housing markets in January 2025. Homes typically go pending in 9 days, and appreciation is expected to increase by 2.7% for the upcoming year. Price appreciation is not new. Over the last 10 years, the average home price in the Kansas City metro area has jumped from $149,961 to over $293,881, a 95.97% increase.
One reason is the region’s strong economic performance and diverse job market. This diversity creates a stable environment and attracts talent, increasing housing demand. In addition, the area’s population has been growing steadily and is projected to be home to 3.41 million residents by 2072.
Another reason the region’s housing market is attractive is its affordability. The overall cost of living is 6% lower than the national average, which attracts residents looking for a high quality of life and investors seeking substantial cash flow opportunities. Below are more stats that show why the Kansas City housing market makes our list of the best places to buy rental property in 2025.
Kansas City Housing Market Statistics
- Median Household Income: $79,842
- Metro Population: 2.2 Million
- 12-Year Population Growth: 10.33%
- Median Home Price: $293,881
- 1-Year Equity Growth: 7.76%
- 10-Year Equity Growth: 95.97%
- Median Rent Per Month: $1,415
- 1-Year Rent Growth: 5.09%
- 10-Year Rent Growth: 56.35%
- Job Growth: +34,900 jobs created over the last year
- 1-Year Job Growth Rate: 1.7% (higher than the national average)
- Unemployment Rate: 3.3% (lower than the national average)
Kansas City Housing Market Quick Facts
- The average home value in the Kansas City Metropolitan Statistical Area (MSA) is $293,881. Over the last decade, home prices have grown by 95.97%, climbing at an annual rate of about 7.76%.
- The average rent is $1,415 per month. Over the past ten years, rents have surged by 56.35%, rising steadily at an average of 5.09% annually.
- Regarding employment, the Kansas City metro area has seen robust growth, with a job growth rate of 1.7%. In 2024, the region added 34,900 jobs to its local economy.
- The rental vacancy rate in Kansas City is currently 8.45%, with 46% of households within the metro opting to rent.
- Kansas City’s population has increased moderately by 10.33% over the last 12 years, outpacing the national average by 25%.
- The Kansas City metro area’s GDP was $185.7 billion in 2023, up 7.2% from 2022.
- In January 2025, Kansas City’s market hotness ranked at 53, indicating a warming market with a potential shift to a hotter market.
Top 3 Reasons to Invest in the Birmingham Real Estate Market in 2025
1. Soaring home prices and rents
The Kansas City housing market has been experiencing remarkable growth. In December, Redfin reported that home prices rose by 13.4% compared to last year, and houses sold for a median price of $267,000. Rents are also continuing to rise. Zillow reports the rental market as “warm,” with an increase of $85 year-over-year. Home appreciation and rent increases make Kansas City attractive for real estate investors.
2. Affordability and high quality of life
Despite the rapid growth, Kansas City remains more affordable than many other major cities in the U.S. Healthcare, transportation, goods and services, and food costs are well below the national average. Regarding renting or buying a home, the region is 7% lower than the national average. Moreover, the area offers residents a high quality of life with cultural amenities, sports teams, and dining and entertainment options. This combination of affordability and quality of life can attract long-term residents, contributing to a stable and lucrative rental market for real estate investors.
3. Steady population growth
The Kansas City metropolitan area continually attracts new residents with its vibrant lifestyle and economic opportunities. According to Redfin, Kansas City has an influx of residents from more expensive metros like Los Angeles, Denver, and Seattle. The current population is 2.2 million and is expected to grow to 3.41 million by 2072.
How To Purchase Investment Property in Kansas City
With affordable prices and high rental demand, Kansas City’s real estate market is an excellent choice for property investors.
How to Purchase:
- Research neighborhoods: Focus on areas with high rental demand, such as those near major employers or universities.
- Understand local regulations: Kansas City has specific regulations regarding rental properties; ensure compliance with inspection and registration requirements.
- Network with local experts: Engaging with local real estate agents specializing in investment properties can provide valuable insights and access to off-market deals. Connect with the Kansas City Property Team in RealWealth’s network today to view current turnkey rental property inventory.
Best Neighborhoods to Invest in Kansas City
1. Westport
As one of Kansas City’s top entertainment districts, Westport offers a lively mix of dining, shopping, and nightlife options, attracting a steady flow of visitors and potential renters.
Located just three miles south of downtown Kansas City, Westport provides easy access to major employment centers, educational institutions, and cultural attractions, making it a highly desirable place to live. The area’s preservation efforts, particularly in the Nutterville neighborhood, contribute to its unique charm, which can appeal to tenants.
2. Downtown Kansas city
With 85% of its housing occupied by renters, Downtown Kansas City is a hot spot for rental investment. Featuring A and B-class properties with an urban atmosphere, Downtown Kansas City offers a variety of retail, dining, and entertainment options that cater to a substantial population of 28,111 in the Greater Downtown area.
Over $3 billion has been invested in the neighborhood in the last five years. The development of premier venues, such as the T-Mobile Center and the Kauffman Center for the Performing Arts, has further boosted Downtown’s appeal as a vibrant neighborhood.
3. Lansing
Situated along the Missouri River and near major highways, Lansing’s accessibility and growing population of 11,239 (as of the 2020 census) suggests a strong housing demand. Furthermore, Lansing’s economic development incentives, such as tax rebates and credits, can significantly lower operational costs for businesses and landlords.
#7 Oklahoma City, Oklahoma
Oklahoma City is the capital of Oklahoma and the state’s largest city. Known as OKC, the city has much to offer: affordable living, a family-friendly environment, outdoor recreation, a vibrant downtown scene, and a growing economy. It has an established and extensive transportation network, including Will Rogers World Airport, which handles an average of 150 commercial flights daily, and three major interstates (I-35, I-40, and I-44) that pass through the city, providing connectivity with the rest of Oklahoma. Businesses appreciate its tax credits, incentives, and tax packages.
MSA and the Economy
In the 1980s, the city started diversifying its economy. Its primary industries are aerospace, advanced manufacturing, biotech, tech, education, and health care. Major employers include the State of Oklahoma (37,000 employees), Tinker Air Force Base (26,000 employees), Oklahoma State University (13,940), and INTEGRIS Health (11,000). Other notable mentions include Mercy Health, the Boeing Company, Paycom, and Amazon.
Population Growth
The Greater Oklahoma City Chamber reports the area continues to experience population and economic growth. Since 2010, the population has increased by 19%. It is expected to reach 1.5 million by 2030. People are drawn to the area for its low cost of living, outdoor spaces, entertainment, and affordable living. A report stated that the market will need more than 70,000 new housing units by 2030, significantly increasing Oklahoma City’s population over the next 10 years.
Job Growth
In 2024, Moody’s ranked Oklahoma City fifth in the hottest job markets in the U.S. Year-end shows that 14,700 jobs were added, with a job market growth rate of 2.1%. With continued business development and expansion, job growth will not slow down. The Oklahoma Employment Security Commission projects that between 2020 and 2030, OKC will have a growth rate of 10.4%. The city has many appealing qualities for young professionals, including career opportunities, short commute times, and affordable housing.
About the Oklahoma City Housing Market
The Oklahoma City housing market benefits from a stable and highly diversified economy. It is also one of the most affordable places to buy a home, with a median sale price of $227,000. Together with Tulsa, it boasts a higher percentage of reasonably priced homes than many other places in the country. Even though home prices in the area have risen in line with the general U.S. housing market trends, investors will still find many homes priced under $150k here. Apart from its affordability, Oklahoma City is naturally beautiful, and its economy is growing, making it one of the best cities to buy rental property.
Oklahoma City Housing Market Statistics
- Median Household Income: $75,170
- Metro Population: 1.46 Million
- 12-Year Population Growth: 17.50%
- Median Home Price: $227,928
- 1-Year Equity Growth: 6.44%
- 10-Year Equity Growth: 73.92%
- Median Rent Per Month: $1,343
- 1-Year Rent Growth: 4.55%
- 10-Year Rent Growth: 42.70%
- Job Growth: +14,700 jobs created in 2024
- 1-Year Job Growth Rate: 2.1% (higher than the national average)
- Unemployment Rate: 3.3% (lower than the national average)
Oklahoma City Housing Market Quick Facts
- The average home value is $227,928, and the yearly appreciation rate is 6.93%. Over the past 10 years, homes have appreciated 73.92%.
- The average rent is $1,343, with a yearly appreciation rate of 4.55%. Over the past 10 years, rents have increased by 42.70%.
- The rental vacancy rate is 5.1%, and 45% of households are renter-occupied.
- In 2024, 14,700 jobs were added, a 2.1% increase from 2023.
- By 2040, the Oklahoma metro is to reach 2 million people.
- The GDP is $100 billion, with a 5.1% increase from 2022 to 2023.
- FRED market hotness score is 45. The year’s low was 22, and the high was 44.
- Redfin reports the market as “Somewhat Competitive,” with homes going pending in 51 days and hot homes in 14 days.
- In January 2025, Redfin reported the median sale price at $256,000, down 2.1 percent from last year.
Top 3 Reasons to Invest in the Oklahoma City Real Estate Market in 2025
1. Affordable real estate prices
Oklahoma City’s real estate market is very affordable, which is good news for investors seeking cash flow in one of the best places to buy rental property. It’s not just housing that’s affordable here. Oklahoma City is ranked the #1 city with the lowest cost of living among large populations exceeding 500,000. Its cost of living is 16% lower than the national average, with housing expenses 36% lower.
2. High rental demand
Oklahoma City boasts high rental demand. Affordability plus high rental demand usually means good cash flow. This is why Oklahoma City attracts investors, especially short-term rental investors. Visitors come for its vibrant arts scene, including the bustling entertainment hub of Bricktown and the boating and kayaking activities of the Oklahoma River. Major events like baseball games, art exhibits, and iconic rodeos also take place here, drawing large crowds to the city and creating occupancy spikes.
3. Steady home price appreciation
Oklahoma City’s real estate market has been appreciating steadily over the last 10 years. While home prices have not grown as fast as other metros like, growth has been steady. The average home price in Oklahoma City has increased by more than 74% in the last 10 years. Part of this growth is fueled by the city’s commitment to revitalization through its Metropolitan Area Projects (MAPs) program. This program has led to over $7 billion in investments to revitalize the downtown area and attract new businesses.
How To Purchase Investment Property in Oklahoma City
Known for its stable economy and affordable housing market, Oklahoma City is a solid choice for long-term rental investments.
How to Purchase:
- Focus on economic hubs: Look for properties near job centers and areas with infrastructure developments. Areas like Downtown OKC and Edmond are popular economic hubs.
- Understand state and local laws: Familiarize yourself with Oklahoma’s landlord-tenant laws, including specifics about security deposits and eviction processes. This knowledge is vital for all property investors.
- Tax incentives: Research state and local programs offering tax breaks for property rehabilitation, especially in districts earmarked for revitalization projects.
- Property management: Consider partnering with a property management company familiar with the Oklahoma City market to handle day-to-day operations. Connect with the Oklahoma City Property Team in RealWealth’s network today to view current turnkey rental property inventory.
#8 Birmingham, Alabama
Birmingham, Alabama’s history is deeply tied to industries like iron and steel production, earning it the nickname “Pittsburgh of the South.” Over time, however, Birmingham shifted away from its industrial roots. Its key industries are aerospace, distribution, manufacturing, bioscience, healthcare, education, financial services, and technology. This change has brought economic stability and increased interest in Birmingham’s housing market.
Adding to its appeal, Birmingham boasts remarkable affordability, ranking third for the cost of living out of 50 states. In addition, the Greater Birmingham Region actively attracts business development with incentives like job credits, investment credits, and tax abatements. The city has been undergoing a renaissance with a forward-looking approach to urban development, fueling optimism about growth trajectory and the potential for real estate investments.
About the Birmingham Housing Market
Birmingham-Hoover MSA is one of the most affordable places to buy a home in the United States. Its affordability and cash flow opportunities make it one of the best places to buy rental property.
The Birmingham real estate market has witnessed a surge in new home construction, with 1,714 new houses built in 2023, accounting for 14% of the overall market. New construction continues to be on the horizon. For 2024, FRED shows that 3,175 permits were authorized for housing units. While the influx of new housing has helped address housing supply issues, it is likely to put some pressure on the market.
Experts forecast a healthy appreciation of Birmingham property values, suggesting that investments are likely to grow steadily over time, free from the ups and downs experienced by other markets. With rental rates steadily increasing, the rental market also shows promising signs. Zillow reports that the rental market has cooled, likely due to new inventory on the market. However, compared to last year, rents increased by $80. Our data shows that the average rent is $1,314.79, with an annual growth rate of 3.36% and a 10-year growth rate of 34.64%.
Birmingham Housing Market Statistics
- Median Household Income: $69,284
- Metro Population: 1.18 Million
- 12-Year Population Growth: 1.10%
- Median Home Price: $245,939
- 1-Year Equity Growth: 6.70%
- 10-Year Equity Growth: 79.23%
- Median Rent Per Month: $1,314
- 1-Year Rent Growth: 3.36%
- 10-Year Rent Growth: 34.64%
- Job Growth: +10,600 jobs created over the last year
- 1-Year Job Growth Rate: 1.9% (higher than the national average)
- Unemployment Rate: 3.1% (lower than the national average)
Birmingham Housing Market Quick Facts
- As of January 2024, the average home price in Birmingham is $245,939, approximately 31% less than the national average.
- Birmingham’s real estate market has demonstrated steady appreciation, with prices growing by an impressive 79.23% over the last decade at an average annual rate of 6.70%.
- The average rent in Birmingham is $1,314, showing a 34.64% increase over the last ten years, translating to an average annual growth rate of 3.36%.
- Approximately 54% of households in the Birmingham metro area rent their homes.
- The Birmingham area has experienced a slow population growth of 5.2% over the past 12 years, growing annually at a rate of 0.51%, which is 33% slower than the U.S. average.
- From June 2023 to June 2024, Birmingham-Hoover MSA added 10,600 jobs, a 1.9% job growth rate.
- The Birmingham metro area’s GDP is $84.56 billion, representing a 5.73% growth between 2022 and 2023.
- Realtor.com ranks the Birmingham-Hoover metro area with a market hotness score of 40, noting the market is “warming.”
Top 3 Reasons to Invest in the Birmingham Real Estate Market in 2025
1. Strong cash flow opportunities
With reasonable property prices, moderate operating costs, steady rent growth, and low state income taxes, the Birmingham-Hoover MSA creates an environment conducive to generating consistent passive income.
2. Exceptional affordability
Birmingham is known for its affordable housing market. In December, Realtor.com reported that the average home price in the city was $179,000. Additionally, the area’s cost of living is 8% lower than the national average, and housing expenses are 23% lower, making it an attractive destination for real estate investment.
3. thriving job market
Birmingham-Hoover MSA is a hub of economic growth, ranking 5th nationally for job growth (2022 to 2023) and eighth in the “2024 Top States for Doing Business” report. Its key industry sectors and business incentives contribute to the city’s robust job market, low unemployment rates, and the demand for rental properties.
How To Purchase Investment Property in Birmingham
Birmingham’s real estate market is notable for its affordability, high rental yields, and landlord-friendly laws. The city’s economic growth and employment rates bolster a strong rental market.
How to Purchase:
- Identify growth areas: Look for properties in neighborhoods with new business development and employment opportunities.
- Consider foreclosures: Foreclosures are trending downward (down 22% from a year ago), but these types of properties may lead to good investment opportunities.
- Tax considerations: Learn about Alabama’s property taxes to see how they’ll affect your investment costs.
- Work with a local team: Work with Birmingham-based real estate agents, property managers, and contractors knowledgeable in rehabilitating properties for high rental yields. Connect with the Birmingham Property Team in RealWealth’s network today to view current turnkey rental property inventory.
Best Neighborhoods to Invest in Birmingham
1. Pleasant Grove
Pleasant Grove offers a fantastic mix of tranquility and accessibility within the Birmingham metro area, making it a top choice for families. With a population of 9,495 as of 2021, it presents a tight-knit community vibe. Its strategic location grants easy access to urban centers like Birmingham and Tuscaloosa, enhancing its appeal to those who enjoy suburban peace without sacrificing city amenities. The proximity to major employment hubs, such as the University of Alabama at Birmingham and Birmingham-Shuttlesworth International Airport, adds to its desirability.
2. Chelsea
Chelsea is one of the fastest-growing cities in Alabama, boasting a growth rate of 3% per year over the last decade. Projections indicate an influx of up to 650 new homes by 2025, signaling robust expansion.
Just 10 miles southeast of Birmingham, Chelsea offers a quaint, small-town feel with easy access to the city. The highly-rated Shelby County School System serves the city, reflecting strong educational investment. Chelsea’s economic landscape is on the rise, with new businesses like Southern Immediate Urgent Care and Buffalo Wild Wings opening in the area.
3. Fairfield
Strategically positioned to benefit from Birmingham’s ongoing growth, Fairfield is particularly attractive for those seeking more affordable housing options, with home prices usually below $100k. It is witnessing signs of economic renewal, highlighted by significant investments like HarbisonWalker’s $35 million effort to revamp a vacant factory. This makes Fairfield a smart pick for anyone aiming to invest in an area with strong growth potential without a hefty price tag.
#9 Columbus, Georgia
Located 109 miles south of Atlanta and just minutes from neighboring Phenix City, Alabama, Columbus is Georgia’s second-largest city. The town offers small-town charm with a vibrant restaurant scene, unique historical sites, museums, and outdoor activities.
The Chattahoochee River is a prominent feature of Columbus, with a 15-mile riverwalk that stretches from downtown to the Bibb City Historic District. Additionally, the river boasts the longest whitewater rafting course in the world, making it a tourist destination. The lower cost of living, especially compared to Atlanta, is a huge draw. Job opportunities, the military base, artistic vibe, outdoor activities, and overall quality of life attract residents and a steady stream of visitors.
MSA and the Economy
The Columbus, GA-AL Metro is Georgia’s fourth-largest metro area, consisting of six counties in Georgia and one in Alabama. The city continues to attract new businesses and developments thanks to its low cost of doing business, easy access to water, electricity, rail transportation, and zoning designed for business growth.
Columbus’s main industries include defense, aerospace, financial services, automotive, tech, robotics, hospitality, education, healthcare, and leisure activities. It’s also home to Fortune 500 companies like Aflac and Coca-Cola. Fort Moore supports more than 120,000 active-duty military personnel and their families.
The area’s 11 educational institutions, such as Columbus State, Troy University, and Columbus Tenichal College, help build a highly skilled workforce, which supports and entices businesses and entrepreneurs.
Population Growth
The Columbus, GA-AL MSA has a total population of 514,063, which is expected to increase to 524,046 by 2029. The Butler Center for Research & Economic Development has projected the 2025 population for the city of Columbus to be 323,470. Currently, the majority of residents are of working age.
Job Growth
While job growth is projected to be slow and steady for 2025, development projects and new businesses will add new jobs to the economy. Aerospace company Pratt & Whitney is investing $206 million to expand their business, creating 400 new jobs. CHIPS4CHIPS, a semiconductor manufacturer, is also bringing its headquarters to Columbus.
The town’s proximity to Fort Moore also gives it an edge, particularly in the aviation sector. Every year, approximately 700 soldiers choose to stay and work in the area after exiting Fort Moore.
About the Columbus Housing Market
As of early 2025, the Columbus, Georgia, housing market has experienced notable growth and activity. Realtor.com reported that Columbus’s median listing home price reached $229,900, reflecting a 15% year-over-year increase.
In February 2025, 826 homes were for sale, a 10.6% increase compared to January 2025. These trends suggest a robust housing market in Columbus, characterized by rising home values and active buyer participation.
Columbus Housing Market Statistics
- Median Household Income: $54,561
- Metro Population: 323,768
- 12-Year Population Growth: 4.62%
- Median Home Price: $180,735
- 1-Year Equity Growth: 9.42%
- 10-Year Equity Growth: 64.96%
- Median Rent Per Month: $1,198
- 1-Year Rent Growth: 5.09%
- 10-Year Rent Growth: 56.37%
- Job Growth: +1,756 jobs created over the last year
- 1-Year Job Growth Rate: 1.3% (higher than the national average)
- Unemployment Rate: 4% (lower than the national average)
Columbus Housing Market Quick Facts
- The average home value is $180,735, and the yearly appreciation rate is 5.72%. Over the past 10 years, homes have appreciated 64.96%.
- The average rent is $1,198, which has appreciated by 5.09% annually. Over the past 10 years, rents have increased by 56.37%.
- The rental vacancy rate is 5%, and 50% of households are renter-occupied.
- In 2023, the Columbus MSA gained 1,900 jobs.
- In 2025, the projected population for the city of Columbus is expected to be 323,470.
- The GDP is $18 million, a 7.9% increase from 2022 to 2023.
- FRED market hotness score is -2, which means the area is “hot” and in high demand.
- Redfin reported the market as “Somewhat Competitive.”
- In January 2025, the median sale price was $203,000, up 9.9% from last year—homes sold in an average of 32 days and hot homes in 6 days.
Top 3 Reasons to Invest in the Columbus, GA Real Estate Market in 2025
1. Affordability
The cost of living in Columbus, GA-AL MSA is 7% lower than the national average. The average home value is $180,735, 49.61% below the national average. This lower entry point attracts real estate investors seeking more affordable investment opportunities and more significant gains for cash flow and appreciation.
2. Rising home appreciation
In January 2025, Redfin reported that the average home sales price was $203K, 9.9% higher than last year. According to historical data, homes have appreciated 64.96% over the past 10 years, at an annual rate of 5.72%. For buy-and-hold investors, a low entry point can boost long-term equity gains.
3. Increasing rents and housing demand
The average rent in Columbus is $1,198, with a yearly appreciation rate of 5.09%. Over the past 10 years, rents have increased by 56.37%. In February 2025, Zillow reported that rents were trending at $1,000, and in 2024, it experienced a year-over-year change of -$11. Half of the households are renter-occupied, and a steady stream of military personnel, working professionals and students help maintain the demand for housing.
How To Purchase Investment Property in Columbus
Fayetteville is known for its robust economy, low cost of living, and high quality of life, which are supported by a strong educational sector.
How to Purchase:
- Research the market: Familiarize yourself with the different counties, neighborhoods, and their investment potential.
- Evaluate your strategy: Know the why behind your investing strategy. If your strategy is to buy and hold, Columbus may be a good market for your goals.
- Work with a local team: Our nationwide network of resources and professional property teams can help you find a property that fits your needs. Connect with the Columbus Property Team in RealWealth’s network today to view current turnkey rental property inventory.
#10 Cleveland, Ohio
The Cleveland, Ohio, metropolitan area offers a compelling real estate investment opportunity, balancing affordability and promising growth potential. Although Cleveland may not experience rapid population surges like other major markets, it maintains a steady population of around 2.1 million, providing a stable foundation for long-term investment.
Cleveland’s diverse economic landscape, anchored by thriving healthcare, manufacturing, and bioscience sectors, attracts a steady influx of young professionals and families. Approximately 59% of households in the metro area choose to rent rather than own, creating a consistent tenant pool.
Cleveland’s real estate market provides an attractive alternative, with some of the best places to buy rental property, for investors seeking a market that offers more measured, sustainable growth instead of the boom-and-bust cycles of some overheated markets.
About the Cleveland Housing Market
The Cleveland-Elyria metropolitan area, comprising six counties, has a rich history dating back to its industrial heyday. Once a manufacturing powerhouse, the region has evolved, diversifying its economy into thriving healthcare, bioscience, and technology sectors. This economic transformation, combined with the city’s natural amenities, like Lake Erie, and cultural attractions like the Rock and Roll Hall of Fame, has created a dynamic investment climate, particularly for rental real estate.
At the heart of the city’s appeal is its affordability. On Redfin, in December 2024, Cleveland’s median home sale price currently stands at a modest $127,500. In contrast, the average single-family home price in the broader Cleveland-Elyria metropolitan area is $215,000, significantly lower than the national average. However, between January 2023 and January 2024, the region experienced the fourth-highest year-over-year price growth. That’s a 13.1% increase, highlighting the potential upside for investors seeking to capitalize on Cleveland’s rising housing market.
In 2024, Zillow ranked Cleveland as the eighth-hottest housing market. In 2025, it dropped to position fourteen, mainly due to increasing housing developments. While Cleveland may have lost its footing in the top ten, Zillow reports that, on average, homes went pending in nine days, earning it a spot in the fastest-selling markets list. This indicates that demand is strong.
Cleveland Housing Market Statistics
- Median Household Income: $73,000
- Metro Population: 2 Million
- 12-Year Population Growth: .39%
- Median Home Price: $211,459
- 1-Year Equity Growth: 7.03%
- 10-Year Equity Growth: 84.34%
- Median Rent Per Month: $1,316
- 1-Year Rent Growth: 3.61%
- 10-Year Rent Growth: 37.54%
- 1-Year Job Growth Rate: 1% (higher than the national average)
- Unemployment Rate: 3% (lower than the national average)
Cleveland Housing Market Quick Facts
- Over the past decade, home prices in the Cleveland metro have grown by a robust 84.34%, equating to an annual appreciation rate of 7.03%. As of January 2025, the average home value is a relatively affordable $221,459.
- The average rent in Cleveland is $1,316, which has grown by 37.54% over the past 10 years at an annual rate of 3.61%.
- As of November 2024, job growth in the Cleveland metro area had reached 1%, the highest rate since June.
- The rental vacancy rate is 4.9%, with 59% of the Cleveland metro area renter-occupied.
- Over the last 12 years, the Cleveland metro area’s population has slightly declined by 0.39%, with a current estimate of 2.1 million residents. According to the U.S. Census Bureau, the counties that saw a population increase in 2023 were Lorain (.6%), Portage (.6), and Medina(.3%).
- The Cleveland metro area’s GDP is about $139 billion, growing by .57% from 2022 to 2023.
- Home prices in Cleveland increased by 7.03% year-over-year, with a 10-year equity gain of 84.34%.
- Realtor.com gives the Cleveland metro area a “hot” score, ranking 24.
Top 3 Reasons to Invest in the Cleveland Real Estate Market in 2025
1. Affordable real estate market
In 2024, the average home price in Cleveland was $221,459, significantly lower than the nationwide average of $353,110. Neighborhoods like North Collinwood and South Broadway offer attractive investment opportunities with median sale prices under $100,000.
2. High rental yield potential
Cuyahoga County, which includes Cleveland-Elyria, comes in at #30 on Attom’s best counties for buying single family rentals in 2024, which shows the median sales price at $159,207 with an annual 10.2% gross rental yield. Over the past ten years, rent has increased by 37.54%. Fifty-nine percent of households in Cleveland are renter-occupied, which presents potential for real estate investors to capitalize on high rental yields.
3. Steady home price and rent appreciation
Cleveland’s real estate isn’t just affordable; it also comes with the promise of growing value. Over the past 10 years, the Cleveland metro area has seen an average annual appreciation rate of 7.03% for homes, totaling a remarkable 94.34% appreciation. This showcases a steady and reliable appreciation potential.
How To Purchase Investment Property in Cleveland
Cleveland offers real estate investors a solid rental market with good rental property areas and relatively low property prices, making it an attractive location for buying rental properties. The city has been experiencing urban revitalization, which has contributed to property value appreciation.
How to Purchase:
- Research: Understand neighborhood dynamics, focusing on areas with revitalization projects.
- Property taxes: Taxes vary significantly between neighborhoods; do your due diligence.
- Financing: Local banks and credit unions offer competitive mortgage rates for investment properties.
- Legal considerations: Be aware of tenant laws in Ohio, which tend to be more favorable to landlords.
- Networking: Connect with local real estate agents and investors with experience in the Cleveland market. Connect with the Cleveland Property Team in RealWealth’s network today to view current turnkey rental property inventory.
Best Neighborhoods to Invest in Cleveland
1. Euclid
Euclid, a vibrant Cuyahoga County suburb, is undergoing a remarkable transformation. The city’s ambitious Waterfront Development Project redefines the urban landscape, creating a dynamic mixed-use district that seamlessly blends residential, commercial, and recreational spaces along the lakefront.
This revitalization effort is set to attract new residents and visitors, driving up property values. Additionally, Euclid’s thriving Industrial Corridor, home to major companies like Amazon and Lincoln Electric, contributes to the local economic growth, making it an enticing investment destination.
2. Wickliffe
Nestled in Lake County, the suburb of Wickliffe offers a mature population with a higher median age than the Cleveland metro average, making it an attractive option for investors seeking to cater to retirees or empty nesters. While Wickliffe’s economy leans more towards manufacturing and healthcare, it provides a stable foundation for rental income, with major employers like Precision Castparts, Lubrizol, and PMC Colinet anchoring the local job market.
3. Downtown Cleveland
Downtown Cleveland has undergone a remarkable transformation, emerging as a hub of activity and investment. With over $1 billion in projects currently under construction and a residential population that has doubled in the last 10 years, the area offers a unique opportunity for real estate investors.
The ongoing revitalization of the lakefront, the expansion of the Rock & Roll Hall of Fame, and the influx of major global brands and startups like the London Stock Exchange Group, BrightEdge, OnShift, and Alexander Mann Solutions have all contributed to Downtown Cleveland’s growing appeal. With a staggering 85.29% of the housing units occupied by renters, the area presents a compelling case for investors seeking high-yield rental properties.
#11 Fort Worth, Texas
Located in North Central Texas, Fort Worth is the fifth most populated city in Texas and consistently ranks in the top ten for fastest-growing metro areas in the U.S. The city has something for everyone: arts, culture, outdoor activities, good schools, nightlife, affordable housing, and career opportunities. The metroplex is a business powerhouse, with multiple Fortune 500 headquarters.
MSA and the Economy
The Dallas-Fort Worth-Arlington MSA area includes 11 counties, and its two core cities are Dallas and Forth Worth. It consistently ranks as one of the largest metropolitan areas in the U.S. Fort Worth’s economy has a history of resilience and growth, dating back to its origins as a hub for the cattle trade. Over the decades, the city’s industrial base expanded to include aerospace and technology, healthcare, manufacturing, logistics, energy, and financial services, attracting new residents and businesses.
Its pro-growth business environment offers robust infrastructure, a strong talent pool, a low cost of doing business (3% lower than the national average), and incentives on the state and local levels. The GDP is $744 billion and experienced a 7.2% increase from 2022 to 2023.
Population Growth
Fort Worth is among the fastest-growing cities in the U.S. In January 2024, the city had a population of 990,000, adding 21,365 people. It is estimated to reach 1.2 million by 2030. The metroplex area has 8.1 million; projections show it will likely reach 9 million by 2030. This ongoing population increase creates a high demand for housing in one of the best places to buy rental property, which translates into substantial investment opportunities.
Job Growth
While Texas experienced a lower job growth rate than expected, Fort Worth’s was 1.4%, one of the highest in all of the state’s biggest metros. In 2024, the city added 21,300 jobs. A growing sector is tech, which currently has around 3,000 companies. Between 2018 and 2023, 50,000 tech-related jobs were created, and moving forward, 20,000 new jobs are expected to be added every year. The area’s career opportunities, affordability, and thriving economy will continue to attract more people to Fort Worth and boost the demand for housing, making it a smart choice for investors.
About the Fort Worth Housing Market
For the past few years, the Fort Worth metro area has been experiencing an unprecedented real estate boom, which is projected to continue into 2025. This surge is due to significant population growth, one of the fastest in the United States. Between 2022 and 2023, the Dallas-Fort Worth (DFW) area welcomed 152,000 people, driving the demand for housing.
From 2020 to the present, the average home sale price in Fort Worth increased from $234,900 to $369,000, highlighting a rapidly growing market. The growing popularity of build-to-rent options further emphasizes the market’s adaptability, providing real estate investors with a variety of investment options.
Fort Worth Housing Market Statistics
- Median Household Income: $77,909
- Metro Population: 8.1 Million
- 12-Year Population Growth: 26.72%
- Median Home Price: $369,000
- 1-Year Equity Growth: 8.99%
- 10-Year Equity Growth: 117.10%
- Median Rent Per Month: $1,775
- 1-Year Rent Growth: 3.99%
- 10-Year Rent Growth: 43%
- Job Growth: +21,300 jobs created over the last year
- 1-Year Job Growth Rate: 1.4% (higher than the national average)
- Unemployment Rate: 3.4% (lower than the national average)
Fort Worth Housing Market Quick Facts
- Redfin reports the market as “Somewhat Competitive” with homes going pending in 63 days and hot homes in 28 days.
- In January 2025, the median sale price was $330,000, up 2.2% since last year.
- The average rent is $2,055, with a year-over-year change of +$55.
- The rental vacancy rate is 8.9%, and 43% of households are renter-occupied.
- In 2024, 21,300 jobs were added.
- By 2030, the Population is expected to increase by 10.4%.
- The GDP is $744 billion, with a 7.2% increase from 2022 to 2023.
- The FRED market hotness score is 3. The year’s low was -15, and the high was 7.
Top 3 Reasons to Invest in the Fort Worth Real Estate Market in 2025
1. Exceptional home value appreciation
Over the past decade, Fort Worth’s housing market has shown substantial growth, with home values increasing by almost 120%. The region has consistently surpassed the national average with an approximate 9% annual growth in home values, significantly higher than the national average. This trend is a testament to the market’s stability and resilience.
2. Dynamic job market
Fort Worth led the state in job growth, surpassing other metros like Austin and San Antonio. Along with job growth, the DFW area boasts the largest industrial development pipeline in the nation, with over 62 million square feet of industrial space under development. This diverse and robust economy, with key sectors like aerospace, aviation, healthcare, manufacturing, and logistics, provides a stable job market that can attract and retain residents.
3. Rapid population growth
Fort Worth is growing and will likely reach 1.2 million people by 2030. This rapid population growth implies a strong demand for housing, likely driving further home price appreciation. The city’s economic plan targets key areas, including downtown, historic neighborhoods, and locations poised for business growth. Focusing on future development makes it a prime destination for real estate investors seeking to capitalize on the region’s long-term potential.
How To Purchase Investment Property in Fort Worth
Part of the dynamic Dallas-Fort Worth metroplex, Fort Worth offers a growing job market and an expanding population, driving up housing demand.
How to Purchase:
- Identify growth areas: Look for neighborhoods that are growing or being revitalized. These areas are likely to see property values increase.
- Evaluate property taxes: Texas has higher property taxes, which could affect your investment’s profitability. Factor these into your calculations.
- Utilize local financing options: Texas has numerous investment-friendly financing options; explore local banks and credit unions for competitive mortgage rates.
- Work with a local team: Connect with the Dallas-Fort Worth Property Team in RealWealth’s network today to view current turnkey rental property inventory.
Best Neighborhoods to Invest in Fort Worth
1. Northside
Northside stretches from downtown Fort Worth to Loop 820. It is well-liked for its closeness to the city’s heart and the famous Stockyards. This area is enriched by diverse cultures, especially from northern Mexico, making it attractive to residents and visitors.
Even after a 60% increase in home values between 2016 and 2021, Northside is still more affordable than other parts of Fort Worth, drawing in investors. The new Panther Island project, a 338-acre island connecting two sections of the Trinity River and providing mixed-use housing, is set to climb Northside property values even higher.
2. Saginaw
As an inner suburb of Fort Worth in Tarrant County, Saginaw has grown substantially over the years, with a population of 24,310 as of the 2019 Census. The presence of leading employers, including Eagle Mountain-Saginaw ISD, CTI Beanmaker & Chefco Foods, and Walmart, suggests a robust local economy, which means strong housing demand.
Additionally, Saginaw’s railway heritage and related infrastructure, with major railway lines by Union Pacific and BNSF running through the city, make it particularly attractive for manufacturing businesses and industries of scale.
3. Cultural District
Just about 2 miles west of downtown Fort Worth, the Cultural District boasts a strategic location that is highly attractive for investments. Home to world-class art museums, such as the Amon Carter Museum of American Art and the Kimbell Art Museum, the district has become a destination for tourists and art lovers. The investment momentum in the area, with more than $1 billion in investments in recent years and a $250 million mixed-use development from Crescent Real Estate, speaks to the district’s promising potential for real estate investors.
#12 Huntsville, Alabama
In Huntsville’s early days, the town made a name for itself with textile mills and ammunition factories. Today, Alabama’s largest city, nicknamed “Rocket City,” is known worldwide for the space sector. You’ll find NASA’s Marshall Space Flight Center and the world’s most extensive collection of space artifacts here.
Huntsville’s low cost of living, family-friendly atmosphere, good education, and strong economy are huge draws. Outdoor activities, historical sites, museums, and all things space-related—including being an astronaut for a day—spur year-round tourism. Companies appreciate its business-friendly environment, which includes tax credits for job creation, investments, apprenticeships, and the Enterprise Zone Program.
MSA and the Economy
The Huntsville MSA is centered around the city and includes Madison and Limestone counties. The top industry sectors include space, aerospace, defense, tech, advanced manufacturing, bioscience, automotive, and hospitality. The GDP is $42 billion, increasing 10% from 2022 to 2023.
Economic drivers include Redstone Arsenal, which houses up to 70 organizations, including the U.S. Army, NASA, and the FBI. Cummings Research Park, the second largest research park in the U.S., is home to more than 300 companies. Several Fortune 500 companies operate in Huntsville, including Boeing, Lockheed Martin, and General Dynamics.
Population Growth
Huntsville’s metro population is at 527,254 and is expected to reach 530,000 by 2030. In 2023, the metro added nearly 10 people daily, making it the fastest-growing city in the state. Much of this is due to revitalization, including new construction and more dining, shopping, and living options. Plentiful tech jobs have also caught the attention of the millennial population, a segment that is growing quickly.
Job Growth
From December 2024 to December 2023, Huntsville experienced a job growth rate of 2.2%. One of its top-growing sectors is tech, where employment has grown by 17.9% over the past five years.
Business expansion and company relocation will add new jobs to the economy in 2025 and beyond. Toyota’s $282 million expansion project will create 350 new jobs, Raytheon’s $115 million expansion will create 185 new jobs, and Special Aerospace Services’ $12.8 million manufacturing facility will create up to 60 new jobs. In addition, SpaceFactory is relocating its headquarters to Huntsville.
About the Huntsville Housing Market
As of early 2025, the Huntsville, Alabama, real estate market exhibits notable trends. Zillow reported that the average home value is $266,736, experiencing only a slight 0.9% decrease over the past year. This shows continued market stabilization as active inventory and the number of sold homes increase.
Investing with the Huntsville Property Team at RealWealth
The Huntsville property team we work with sells single-family investment properties. The average price is $140,000, 60% lower than the national average, and rents average $1,100, 45% lower than the national average. The market’s affordability, strong job diversity, and increasing population make it ideal for real estate investors looking for affordable entry points while capitalizing on cash flow and long-term equity gains. Connect with the Huntsville Property Team in RealWealth’s network today to view current turnkey rental property inventory.
Huntsville Housing Market Statistics
- Median Household Income: $70,778
- Metro Population: 527,254
- 12-Year Population Growth: 2.23%
- Median Home Price: $301,448
- 1-Year Equity Growth: 7.46%
- 10-Year Equity Growth: 91.10%
- Median Rent Per Month: $1,468
- 1-Year Rent Growth: 5.72%
- 10-Year Rent Growth: 64.98%
- Job Growth: +5,408 jobs created in 2024
- 1-Year Job Growth Rate: 2.2% (higher than the national average)
- Unemployment Rate: 2.7% (lower than the national average)
Huntsville Housing Market Quick Facts
- The average home value is $301,448, and the yearly appreciation rate is 7.46%. Over the past 10 years, homes have appreciated 91.10%.
- The average rent is $1,468, with a yearly appreciation rate of 4.72%. Over the past 10 years, rents have increased by 64.98%.
- The rental vacancy rate is 5.4%, and 43% of households are renter-occupied.
- Between December 2024 and December 2023, 5,408 jobs were created.
- By 2030, the population is expected to reach 530,000.
- The GDP is $42.81 billion, a 10.1% increase from 2022 to 2023.
- The FRED market hotness score is 6. The year’s low was 11, and the high was 22.
- Redfin reports it is a “Somewhat Competitive” market. In January 2025, the median sale price was $325,000, down .15% from last year. Homes typically go pending in 54 days, and hot homes in 10 days.
Top 3 Reasons to Invest in the Huntsville Real Estate Market in 2025
1. Affordability
Huntsville’s cost of living is 8% lower than the national average, and housing expenses are 26% lower. Along with its affordability, professionals, young families, and retirees come here for the quality of life, which includes excellent schools, low crime, plentiful restaurants and shops, outdoor activities, and job opportunities. This hasn’t gone unnoticed. In the U.S. News and World Report, Huntsville ranked 7th on the “Best Places to Live” and 8th for the “Best Places to Retire.”
2. Increasing property values and rents
The average family home costs $301,448, 15.46% lower than the national average. Homes are seeing a yearly appreciation rate of 7.46%. Over the last ten years, they’ve appreciated by 91.10%. Rents, too, have grown. In 2014, the average rent was $890. In 2024, it was $1,468, a growth of almost 65%. The growing population will increase the demand for housing, which will likely steadily increase property values and rents over time.
3. Diverse economic growth
The Huntsville metro area has a diverse economy, and its emerging tech market is experiencing incredible growth. Its business-friendly environment, low cost of doing business, and infrastructure attract businesses and draw top talent to the area. Business and job growth will continue to support housing demand and growth potential.
How To Purchase Investment Property in Huntsville
Real estate investors like Huntsville for its affordable housing and strong rental demand. Its market is accessible to new investors and offers a good balance of price and potential.
How to Purchase:
- Identify growth areas: Huntsville is Alabama’s fastest-growing city. This combination creates an excellent environment for investors to buy older homes that need repair and turn them into rental properties or purchase newer homes to rent out to more affluent tenants. Research neighborhoods that will help you achieve your investment goals.
- Tax considerations: Learn about Alabama’s property taxes to see how they’ll affect your investment costs.
- Outdoor lifestyle appeal: With its proximity to the Smokies, properties that cater to the outdoor lifestyle or offer short-term vacation rental opportunities may be lucrative investments.
- Work with a local team: Work with Huntsville-based real estate agents, property managers, and contractors knowledgeable in rehabilitating properties for high rental yields. Connect with the Huntsville Property Team in RealWealth’s network to view available turnkey investment properties.
#13 Lehigh Acres, Florida
Lehigh Acres is a fast-growing residential community in Lee County, Florida. It is known for its natural beauty with parks and lakes, and the coast is only a short drive away. Residents appreciate its low cost of living, suburban feel, outdoor recreation, and proximity to Fort Myers and Cape Coral. Businesses are tapping into the growth here, capitalizing on affordable land, a growing population, and incentives that support and encourage businesses.
MSA and the Economy
Lehigh Acres is in Lee County and part of the Cape Coral-Fort Myers Metropolitan Statistical Area. The metro’s top sectors are health care, education, construction, hospitality, tourism, retail, and technology. In Lee County, the leading industries are retail, health care, social services, construction, accommodation, and food services. The metro area’s GDP is $50 billion, a 9.1% increase from 2022 to 2023.
Lee County is investing in its future with $258 million in transportation improvements over the next five to 10 years, including road widening, traffic improvements, and resurfacing projects. In addition, 38 active commercial, industrial, and residential developments support the area’s infrastructure and growth.
Population Growth
Lee County has grown quickly. From July 2020 to July 2021, it added 27,000 people, earning it a spot in the top ten for the U.S. Census Bureau’s fastest-growing counties. The current metro population is 840,698, which is projected to reach 1 million by 2030. The area’s quality of life and affordable housing are huge draws.
Job Growth
The job market in Lee County is strong, thanks to the influx of people and businesses. In 2024, 6,100 jobs were added to the metro area, a 2% increase over the previous year. According to a report by CareerSource Southwest Florida Region (January 2025), two sectors drove job growth in the Cape Coral—Fort Myers MSA: government and leisure and hospitality.
In Lehigh Acres, industrial and commercial developments are happening along the Alico Road corridor, encouraging and supporting growth and new job opportunities. Job growth is expected to increase between 1% and 3% in 2025.
About the Lehigh Acres Housing Market
In January 2025, Redfin reported that the median sale price in Leigh Acres was $325,000, down 4.8% from the previous year. While Lehigh Acres has seen a modest decline in home values, certain neighborhoods like Lehigh Estates are experiencing growth, highlighting the importance of localized market analysis for prospective buyers and investors.
Lehigh Acres Housing Market Statistics
- Median Household Income: $63,293 (Leigh Acres)
- Metro Population: 841,000
- 12-Year Population Growth: 3.01%
- Median Home Price: $238,252 (Leigh Acres)
- 1-Year Equity Growth: 21%
- 10-Year Equity Growth: 91.26% (Metro)
- Median Rent Per Month: $2,090
- 1-Year Rent Growth: 7.14%
- 10-Year Rent Growth: 85.96% (Metro)
- Job Growth: +6,100 jobs created in 2024
- 1-Year Job Growth Rate: 1.9% (higher than the national average)
- Unemployment Rate: 3.1% (lower than the national average)
Lehigh Acres Housing Market Quick Facts
- In January 2025, Redfin reported that the median sale price in Leigh Acres was $325,000, down 4.8% compared to last year.
- Redfin also reported the market as “Somewhat Competitive,” with homes going pending in 66 days and hot homes in 27 days.
- In the Cape Coral-Fort Myers MSA, homes have appreciated by 91.26% in the last 10 years.
- The average rent in the Cape Coral-Fort Myers MSA is $2090, with a yearly appreciation rate of 7.14%.
- In the Cape Coral-Fort Myers MSA, over the past 10 years, rents have increased by 85.96%.
- Leigh Acres’s rental vacancy rate is 2.9%, and 27% of households are renter-occupied.
- In 2024, 6,100 jobs were created in Leigh Acres.
- By 2030, the metro population is expected to reach 1 million residents.
- Five-year job growth rate is 10.95%.
- The Cape Coral MSA GDP is $50 billion, a 9.11% increase from 2022 to 2023.
- FRED market hotness score for Cape Coral-Fort Myers MSA is 26. The low for the year was 2, and the high was 21.
Top 3 Reasons to Invest in the Lehigh Acres Real Estate Market in 2025
1. Strong home price appreciation
The Cape Coral-Fort Myers MSA has seen significant home appreciation, growing 91.26% over the last ten years. People are drawn there because of their relative affordability, quality of life, and closeness to the Space Coast. With new developments and businesses moving into the area, Lee County can better support its residential community with services and amenities. As companies and population growth increase, the demand for housing and values will continue to rise.
2. Fast population growth
The Cape Coral-Fort Myers metro area continues to grow. Lee County is one of the fastest-growing communities in the metro, and as the city continues to improve, develop and attract businesses and career opportunities, the more it will bolster the population.
3. Increasing rents
According to RentCafe, the average rent in Lehigh Acres is $2,001. In the MSA, rents have appreciated 85.96% over the past 10 years at an annual rate of 7.14%. As the population in Leigh Acres and the metro continues to grow, buy-and-hold real estate investors may find that the affordability of Lee County presents them with great cash flow over time.
How To Purchase Investment Property in Lehigh Acres
Cape Coral-Fort Myers is an attractive location for residential and vacation rental investments due to its proximity to the coast. However, seasonal changes may affect its market.
How to Purchase:
- Hurricane risks: While Lehigh Acres is not on the coast, hurricanes may affect it. Before purchasing, evaluate flood zones and insurance requirements thoroughly.
- HOA and community developments: Many properties in Lehigh Acres are in planned communities or have HOA fees. Investors should learn about these costs and regulations.
- Leverage the retirement community market: Target investments that cater to the significant retiree population, such as single-floor living accommodations.
- Vacation rental opportunities: Due to Florida’s tourism, explore the potential for short-term vacation rentals, keeping in mind local regulations.
- Get professional help: Enlist the services of a local real estate agent who specializes in investment properties. Consider hiring a property manager if you’re investing from afar or prefer not to manage day-to-day operations. Looking to invest in the area? For properties similar to Lehigh Acres, connect with the Florida Property Team in RealWealth’s network today to view current turnkey rental property inventory.
#14 Cincinnati, Ohio
Cincinnati, Ohio, is known for its beer, baseball (Cincinnati Reds), and historic architecture. Many neighborhoods and downtown are pedestrian-friendly, and the Cincinnati Metro bus route is estimated to bring at least 20% of the workforce into downtown. Across the Ohio River in Kentucky is the Cincinnati/Northern Kentucky International Airport, 13 miles from downtown. The established infrastructure in the Cincinnati, OH-KY-IN MSA helps improve its livability and contributes to the sustained demand for real estate.
Cincinnati’s 2024 State of the Region Report reports that the current population is 2.71 million. Downtown Cincinnati has the largest population, home to 14% of residents. Right behind it are three Ohio cities: Hamilton, Middletown, and Fairfield. Covington, across the river in Kentucky, comes in fourth. By 2050, the estimated growth projections are between 2.49 and 2.86 million.
The local economy has shown resilience, driven by its stronghold on exports in aerospace ($12 million), pharmaceuticals ($4 million), and soaps/cleaning compounds ($1.5 million). For regional exports per capita, Cincinnati comes in second, after Houston, Texas, and outperforms other metros like Detroit, MI, Indianapolis, IN, and Dallas, TX.
About the Cincinnati Housing Market
The Cincinnati real estate market has weathered economic cycles with remarkable stability, and its housing market has seen steady growth. One factor is its affordability. The average home price is $277,530, 23% lower than the national average. Over the last ten years, home appreciation has increased by 95.32%, with an annual rate of 7.72%. Rent has also increased steadily, with a growth rate of 53.36% over the last decade and a yearly rate of 4.87%.
Its strategic location along the Ohio River and the presence of major companies have established the city as an economic Midwest powerhouse. Over the years, this economic foundation has provided a buffer against downturns that have affected other regions more severely.
Transportation, warehousing, and healthcare have also been crucial to Cincinnati’s economy. Between 2013 and 2023, these two sectors added almost 50,000 jobs to the economy. With job creation comes a steady influx of professionals seeking long-term residences.
In 2024, the City Council approved Connected Communities zoning legislation to foster strategic business and housing developments to increase the population and community.
In December 2024, Redfin reported the Cincinnati housing market being “somewhat competitive,” with two offers on average and homes going pending in 56 days. On average, homes sell 2% below the list price, and hot homes sell 2% over the list price. The Cincinnati metro area offers an enticing opportunity for investors looking for a stable and profitable real estate market.
Cincinnati Housing Market Statistics
- Median Household Income: $76,247
- Metro Population: 2.27 Million
- 12-Year Population Growth: 6.11%
- Median Home Price: $277,530
- 1-Year Equity Growth: 7.72%
- 10-Year Equity Growth: 95.32%
- Median Rent Per Month: $1,520
- 1-Year Rent Growth: 4.87%
- 10-Year Rent Growth: 53.36%
- Job Growth: +4,100 jobs created over the last year
- 1-Year Job Growth Rate: .04% (same as the national average)
- Unemployment Rate: 3.9% (16% lower than the national average)
Cincinnati Housing Market Quick Facts
- Cincinnati ranks eleventh in Zillow’s hottest housing market in the U.S.
- The average price for a single-family home in the Cincinnati metro area is $277,530, making it more affordable than the national average. Over the past ten years, home prices have risen by 95.32%, at a steady annual rate of 7.72%.
- Cincinnati’s average monthly rent is $1,520, 25% lower than the national average. In the past decade, Cincinnati’s rent prices have appreciated 53.36%, growing at an average of 4.87% annually.
- Cincinnati’s population has expanded by 6.11% in the last 12 years, an annual growth of 0.59%. Although this growth is slower (25% less) than the national average (.72%), it represents a steady influx of new residents.
- While Cincinnati’s population growth has been slightly slower than the national average, the metro area has maintained a stable economy. Between November 2022 and November 2023, the metro area added 21,700 jobs, a job growth rate of 1.9%—slightly higher than the national average.
- More than half of Cincinnati metro households, 61%, rent their homes, and the rental vacancy rate is 5.2%
- Cincinnati has an impressive GDP of $198 billion, which grew 6.3% between 2022 and 2023.
- The Cincinnati metro area’s market hotness rank is 80, hovering between 84 and 77 in 2024. This indicates that the housing market has remained relatively steady for the year.
Top 3 Reasons to Invest in the Cincinnati Real Estate Market in 2025
1. Strong home price and rent appreciation
Cincinnati’s real estate market has shown substantial growth. Over the past ten years, home prices rose by 7.72% annually and rent by 4.87%. In December 2024, Redfin reported the region as “somewhat competitive,” with home prices up 7.9% and the median sale price up by 8.8% compared to last year. The 2024 State of the Region Report noted that Cincinnati saw the biggest home value gains over the past year, outranking cities like Dallas, TX, Kansas City, MO, and Charlotte, NC. Rents also saw a 5.2% growth within the past 12 months, higher than cities like Indianapolis, IN, Houston, TX, and Atlanta, GA. The numbers point to a vibrant market with healthy growth in both the housing and rental sectors.
2. Stable and diverse employment growth
Cincinnati’s economy is strong in several areas: exports, manufacturing, logistics, healthcare, and financial services. Hence, the job market is varied and stable. According to the Federal Reserve Economic Data (FRED), jobs in Cincinnati have been growing steadily since 1990, with dips only happening during the pandemic and the 2008 market crash. The region has several Fortune 500 companies, including Cincinnati Financial, Great American, and GE Aerospace.
3. Affordability
Cincinnati is known for its affordability, which is 4% lower than the national average. Its affordability also extends to its real estate market, making it one of the best places to buy rental property. With an average home price of $277,530, 22% lower than the national average, it stands out as more budget-friendly than many other large cities. A lower cost of living attracts young professionals and families, driving the demand for homes. The affordability of Cincinnati’s properties and the potential for appreciation make it a smart choice for real estate investors.
How To Purchase Investment Property in Cincinnati
Cincinnati’s market is characterized by steady growth and affordable real estate. The city offers a good balance of rental demand and property value appreciation, particularly in up-and-coming neighborhoods.
How to Purchase:
- Market research: Pay attention to Cincinnati’s neighborhood revitalization efforts and invest accordingly.
- Financing: Explore Ohio’s first-time investor loan programs and incentives for urban development, such as the Ohio Opportunity Zones Tax Credit program.
- Work with a local expert: Engage with Cincinnati real estate professionals who understand the local market dynamics. Connect with the Cincinnati Property Team in RealWealth’s network today to view current turnkey rental property inventory.
Best Neighborhoods to Invest in Cincinnati
1. West Price Hill
West Price Hill, located in Hamilton County, is a rapidly developing neighborhood in Cincinnati, home to over 22,300 residents. The area has recently seen significant revitalization efforts, transforming abandoned buildings into office spaces. West Price Hill’s competitive housing market, where homes quickly switch to pending status and often receive multiple offers, indicates high demand. Investing in this neighborhood becomes even more attractive with an affordable median sale price of $146,000. Its proximity to some of the largest Catholic high schools, like Elder and Seton, makes West Price Hill particularly appealing to families.
2. Downtown Cincinnati
Downtown Cincinnati offers a balanced mix of residential, commercial, and entertainment options, making it a popular choice for real estate investment. The Central Business District boasts excellent walkability, with a Walk Score of 93, and is close to major employers, including Procter & Gamble, Kroger, and Fifth Third Bank. Additionally, downtown’s access to universities and numerous entertainment venues, like the Great American Ball Park, Paul Brown Stadium, and the Aronoff Center for the Arts, makes the area an attractive prospect for potential investors.
3. Over-The-Rhine (OTR)
OTR, located north of Downtown’s Central Business District, is one of Cincinnati’s most eclectic neighborhoods. It houses one of the largest urban historic districts in the United States, filled with unique German-inspired architecture. Following significant investments in infrastructure, public transportation, arts, and dining, OTR has experienced significant rejuvenation, elevated property values, and attracted a growing resident pool. The corporation 3CDC has heavily invested in OTR’s and Downtown Cincinnati’s development, contributing over $1.7 billion towards construction and restoration, creating fresh residential, commercial, and civic spaces.
#15 Columbia, South Carolina
Located in the middle of South Carolina, Columbia is the state’s capital city and second largest city. The town has plenty to offer residents, from a downtown cultural scene to outdoor activities and career opportunities. Companies appreciate its business-friendly climate, including tax incentives, low operating costs, and a talented labor pool. It is also home to Fort Jackson, the largest U.S. Army installation for basic combat training.
MSA and the Economy
The Columbia metro area includes eight counties. The GDP is $58 billion, increasing by 7.8% between 2022 to 2023. Its main industry sectors are healthcare, retail, manufacturing, education, and hospitality. Its top employers include the State of South Carolina, Prisma Health Midlands, and BlueCross BlueShield of South Carolina. In addition, the University of South Carolina (USC) plays a crucial role, putting $4.2 billion into the economy annually. The low costs for doing business, skilled workforce, and infrastructure boosts economic growth.
Population Growth
Columbia’s metro population has been growing steadily, with 837,092 residents. The area’s quality of life, family-friendly atmosphere, and several universities that attract 50,000 students annually are huge draws. By 2035, the population is expected to reach 1 million.
Job Growth
Job growth in Columbia lags behind the rest of the state. However, at 1.9%, it is higher than the national average. The city’s incentives and tax credits help support business growth and job creation. One of the fastest-growing sectors is tech, particularly in cloud computing, software development, and cybersecurity, which is expected to see a job growth of 16% in 2025. Moreover, several business developments will bring more jobs to the area, such as Scout Motor’s $2 billion manufacturing plant, which could create 4,000 jobs.
About the Columbia Housing Market
As of early 2025, the Columbia, South Carolina, housing market had some notable trends. Zillow reported that the average home value in Columbia is $227,481, reflecting a 3.3% increase over the past year. Past data shows that home values have steadily increased since the pandemic.
Zillow also reported that homes typically go under contract in approximately 28 days, indicating a relatively brisk market. These insights suggest a stable and moderately appreciating housing market in Columbia, making it one of the best places to buy rental property in 2025.
Columbia Housing Market Statistics
- Median Household Income: $63,471
- Metro Population: 858,302
- Median Home Price: $268,000
- 1-Year Equity Growth: 9.3%
- Median Rent Per Month: $1,550
- 1-Year Rent Growth: 5.3%
- Job Growth: +8,300 jobs were created between October 2023 and October 2024
- 1-Year Job Growth Rate: 1.9% (higher than the national average)
- Unemployment Rate: 3.9% (lower than the national average)
Columbia Housing Market Quick Facts
- The median home price is $268,000, with a yearly increase of 9.3%.
- The average rent is $1,550, with a yearly appreciation of 5.3%.
- The rental vacancy rate is 7.4%, and 53% of households are renter-occupied.
- Between October 2023 and October 2024, 8,300 jobs were created.
- The Columbia MSA population is 858,302, projected to reach 1 million by 2035.
- Colubmia’s GDP is $58 billion, which increased by 7.8% between 2022 to 2023.
- FRED’s market hotness rank is 71. The low for 2024 was 80, and the high was 154.
- In January, Redfin reported that the median sale price was $268,000, with the average home going pending in 47 days and hot homes in 18 days..
Top 3 Reasons to Invest in the Columbia Real Estate Market in 2025
1. Strong rental demand
Columbia’s affordability (9% lower than the national average), strong job market, and quality of life are driving factors for continued population and rental growth. Rents are appreciating at a growth rate of 5.3%, and 53% of households are renter-occupied. The growing workforce and approximately 50,000 college students yearly help maintain the demand for housing. In addition, festivals, sports, and government-related events make the area attractive for a short-term rental investing strategy.
2. Fast-growing economy
The city proactively retains and attracts new businesses with business-friendly incentives and tax credits. These companies can tap into the area’s skilled and educated workforce and attract employees because of its quality of life and affordability. As the economy and population continue to grow, the demand for housing will follow.
3. Steady appreciation growth
In January 2025, Redfin reported that the average home sales price was $268,000, up 9.3% from last year. In the previous ten years, homes have appreciated by 84.64%. For 2025, Zillow predicts moderate equity growth. However, certain cities in the Columbia metro area, like Gilbert, Pine Ridge, and Liberty Hill, are seeing higher home prices.
How To Purchase Investment Property in Columbia
Columbia’s real estate market is attractive due to its strong economy, career opportunities, and affordable living. The area is also a good location for short-term rentals.
How to Purchase:
- Research neighborhoods: Understand neighborhood dynamics, including regulations for historic homes and short-term rentals, best areas for student housing, and opportunity zones.
- Property taxes: Taxes vary by county and municipality; do your due diligence.
- Work with a local team: Partner with experts who know the neighborhoods and area well and can help you find the best properties. Join RealWealth today to connect with the team we work in Columbia, SC.
#16 Ocala, Florida
Located in the heart of Florida, Ocala has seen impressive population growth. In 2024, its net domestic migration was 15,167, which earned it the number one spot on the Top 10 Move-to Cities by U-Haul. The U.S. Census Bureau ranks Ocala as the fourth fastest-growing metro area, with a population increase of 3%.
This rapid population influx is due to a combination of factors, including the area’s affordability, job opportunities, and overall quality of life. With a median home price 23% lower than the national average, Ocala offers an attractive entry point for investors looking to capitalize on the region’s real estate potential.
The arrival of major employers like Amazon, FedEx Ground, Lockheed Martin, and healthcare facilities have created a wealth of employment prospects, further driving housing demand in one of the best places to buy rental property in the Sunshine State.
About the Ocala Housing Market
Ocala’s real estate market has been on an impressive trajectory in recent years. In Q3 of 2024, Ocala’s median home price stood at an affordable $288,400, while the gains since 2014 increased by 167%.
According to Redfin, the Ocala housing market was somewhat competitive in December 2024, with a 47 score. Homes sell in an average of 62 days, and the median sale price is $267,000, up 17% from last year.
Ocala’s diverse economy includes healthcare, manufacturing, education, and tourism tourism, providing a stable foundation for the local housing market. The presence of new construction projects in the area also signifies a growing housing market, presenting investors with a wealth of opportunities for good rental property areas.
Ultimately, Ocala’s livability, including its affordable living costs (RentCafe notes it is 7% lower than the state of Florida and 8% lower than the national average) and high quality of life, make it an attractive location for renters and property investors.
Ocala Housing Market Statistics
- Median Household Income: $63,191
- Metro Population: 409,959
- 12-Year Population Growth: 23.73%
- Median Home Price: $277,526
- 1-Year Equity Growth: 10.27%
- 10-Year Equity Growth: 141.13%
- Median Rent Per Month: $1,566
- 1-Year Rent Growth: 7.03%
- 10-Year Rent Growth: 84.27%
- Job Growth: +1,230 jobs created over the last year
- 1-Year Job Growth Rate: .7% (higher than the national average)
- Unemployment Rate: 4.4% (higher than the national average)
Ocala Housing Market Quick Facts
- The average home price in the Ocala metro area is $277,526, marking a remarkable increase of 141.13% over the last decade—a yearly appreciation rate of 10.27%. Despite steep price appreciation
- The Ocala housing market is one of the top areas in Florida, and it is more affordable than other metro areas.
- The average rent in the Ocala metro area is $1,566, representing a total increase of 84.27% in the last decade or an annual growth rate of 7.03%.
- In the Ocala metro area, 51% of households are renter-occupied by renters, and according to Point2, the vacancy rate is 5.8%.
- Data from the Ocala Metro Chamber & Economic Partnership (CEP) states that 269 people move to the metro area each week and that the estimated population for 2024 is 425,000.
- In 2023, Ocala had a 9.2% growth in private-sector employment.
- Job growth is expected to rise as the CEP actively recruits businesses and offers incentives. Current leaders in job growth are manufacturing, logistics, and info tech.
- As of December 2024, FRED ranked the Ocala metro area as a 10 for market hotness. While this may suggest the market is cool to warm, in November, it ranked 4. So, it is returning to a warmer market.
- Realtor.com reports that from December 2024 to December 2023, while the median listing price in Ocala decreased by 2.03%, there was a notable increase in active and new listing counts—27.61% and 21.55%, respectively.
- Ocala’s GDP is $15.9 billion. The Ocala metro area economy grew 10.3% between 2022 and 2023.
- While Marion County saw a continued rise in permits for new private housing structures from 2019 (2,367 permits) to 2022 (6,489 permits), it decreased in 2023 (5,197 permits). Increased inventory helped to create more balanced inventory levels, shifting it to more of a buyer’s market.
Top 3 Reasons to Invest in the Ocala Real Estate Market in 2025
1. Affordable real estate prices
The Ocala metropolitan area is an exceptionally affordable real estate market, with a median home price of $277,526 – significantly lower than the national average of $353,110 and Florida’s average of $399,944.
Redfin recently ranked Ocala the most affordable place to live in Florida, making it an attractive destination for homebuyers and investors seeking budget-friendly options compared to popular Florida metros like Tampa, Miami, and Orlando.
2. Fast population growth
The Ocala metropolitan area currently has a population of 409,959 residents. Its upward trajectory started happening before the pandemic. Between 2023 and 2020, the Ocala MSA had an 8.26% population increase, which outpaced Florida’s 5.1% growth rate and the nation’s 0.84% growth rate.
This continued influx of new residents is driven by Ocala’s central Florida location. It offers proximity to beaches, theme parks, and major cities like Jacksonville and Orlando, as well as a lower cost of living that attracts retirees, professionals, and families. Ocala’s growing job market, particularly in healthcare, tourism, and logistics, further fuels this population boom, creating strong demand for housing.
3. Strong home price and rent appreciation
While other parts of the Florida housing market may be cooling, Ocala’s is not. The median home price in Ocala is $277,526, up 17% from the previous year. The area’s long-term appreciation trend remains highly positive. Over the last decade, Ocala has experienced a home price appreciation of 141.13% and a rent appreciation of 84.27%. This steady home and rental appreciation growth, combined with the area’s affordability, makes Ocala’s rental market an attractive investment opportunity for real estate investors.
How To Purchase Investment Property in Ocala
Known for its thoroughbred horse farms, Ocala is a smaller market that offers a more affordable entry point for investors. The area is experiencing growth in manufacturing and logistics, enhancing job opportunities and the demand for housing.
How to Purchase:
- Research location: Areas close to major employers and the downtown district offer potential due to their popularity among renters.
- Regulatory considerations: Understand statewide regulations while paying attention to specific local zoning laws or development plans.
- Research equestrian-friendly properties: Evaluate the potential for horse-related property investments.
- Work with experts. Work with a team that knows the local market. Connect with the Florida Property Team in RealWealth’s network today to view current turnkey rental property inventory.
Best Neighborhoods to Invest in Ocala
1. Silver Springs Shores
This community within the Ocala metropolitan region is popular for its affordability, making it an excellent starting point for investors looking to build or expand their portfolios. The area’s appeal to snowbirds, retirees, tourists, and short-term vacation renters creates a consistent demand for rental properties.
Additionally, part of Silver Springs Shores is located within an Opportunity Zone, offering potential tax benefits for eligible investments. With a population of 25,000 and a mix of ranch-style and contemporary bungalow homes, Silver Springs Shores provides a variety of investment opportunities.
2. Southeast Ocala
Investors seeking cash flow potential would do well to consider the Southeast Ocala region. This area generally offers lower property prices than other parts of the Ocala metro. Conveniently located near major roads, shopping centers, and recreational areas, Southeast Ocala is experiencing steady growth, with new developments and infrastructure projects enhancing its appeal.
In addition to rental properties, the area also presents opportunities for land investment, with available lots within gated subdivisions, allowing for build-to-suit options that could yield significant upside potential for developers.
3. Belleview
Located about 15 miles south of Ocala, Belleview offers investors a unique opportunity to capitalize on a suburban setting with easy access to the larger metropolitan area.
With a population of 5,650 as of July 2022, Belleview is a charming community that could attract those seeking a peaceful, picturesque place to live. The rental market in Belleview is robust, with low vacancy rates, and the area is family-friendly, with good schools and amenities. Investors can also benefit from Belleview’s proximity to the Ocala National Forest and other attractions, which draw visitors and create potential for short-term rental opportunities.
#17 Atlanta, Georgia
Metro Atlanta, also known as the Atlanta-Sandy Springs-Roswell Metropolitan Statistical Area, comprises 29 counties and 149 cities. It is Georgia’s largest city and the sixth-largest metropolitan region in the United States. The area has grown dramatically over the past few decades. The current population is 6.3 million, and it is projected to reach 7.9 million by 2050.
Atlanta consistently ranks in the top ten U.S. metropolitan areas by GDP, currently $570.66 billion. The area’s easy access to the interstate, railroad lines, and air cargo systems boosts business growth and drives the transportation and logistics sectors. Other strong industries include the government, healthcare, manufacturing, transportation, financial services, tech, and education.
Since the 1990s, the region has been a hub for corporate headquarters. According to FORTUNE magazine, there are 16 headquarters of FORTUNE 500 companies, like The Coca-Cola Company, UPS, Delta, and 33 FORTUNE 1000 companies. In addition, it’s home to approximately 1,300 regional and global headquarters.
The labor market is strong, much of which is attributed to Atlanta’s educated workforce and the growth in innovation and tech. As of December 2024, unemployment was 3.5%, lower than the national average. In 2025, healthcare, manufacturing, and warehouse/distribution will drive job creation with current and forthcoming expansion and development projects. Let’s dive into why Atlanta is one of the best places to own rental property.
About the Atlanta Housing Market
In Zillow’s hottest real estate market predictions for 2025, Atlanta came in 24th. While it may have dropped off the top ten, the Atlanta housing market is forecasted to see steady home appreciation and sales growth. Redfin reported the Atlanta housing market as “Somewhat Competitive,” with the homes going pending in 69 days and hot homes in 27 days. Remember that the Atlanta MSA has 149 cities with different demands and inventory. So, do your research on that particular area. While the housing market is expected to keep steady for 2025, low inventory levels and mortgage rates could alter that rate.
Atlanta Housing Market Statistics
- Median Household Income: $93,843
- Metro Population: 6.3 Million
- 12-Year Population Growth: 18.95%
- Median Home Price: $381,266
- 1-Year Equity Growth: 9.74%
- 10-Year Equity Growth: 130.79%
- Median Rent Per Month: $1,877
- 1-Year Rent Growth: 5.47%
- 10-Year Rent Growth: 61.45%
- Job Growth: +41,100 jobs created over the last 12 months
- 1-Year Job Growth Rate: .9% (higher than the national average of 3.28%)
- Unemployment Rate: 3.5% (lower than the national average)
Atlanta Housing Market Quick Facts
- The average home value in the Atlanta-Sandy Springs-Roswell metro area is $381,266. Over the last decade, home prices have grown by 130.79%, at an annual rate of 9.74%
- The average rent in the Atlanta metro area was $1,877. Atlanta rents have grown by 61.45% in the last 10 years, at an average rate of 5.47% per year.
- Job growth continues, albeit at a slower pace. From August 2023 to August 2024, 41,100 jobs were added to the market.
- Atlanta’s metro area rental vacancy rate is 8.3%, and 54% of households rent their homes.
- The Atlanta metro area’s population has grown by 18.95%, at an annual rate of 1.57%, in the last 13 years, almost 130% faster than the national average.
- The Atlanta metro area’s GDP is about $570.66 billion, which will grow by 6.57% between 2022 and 2023.
- In January 2024, Realtor.com estimated Atlanta home prices increased by 2.5% year over year, while active listing and new listing counts increased by 1.8% and 6.2%, respectively.
- The Atlanta metro area’s FRED market hotness ranking has been inching upward, indicating a cooling market. In January 2024, it was 133; now, it is 213.
Top 3 Reasons to Invest in the Atlanta Real Estate Market in 2025
1. Strong population growth
Atlanta’s population continues to grow; the most significant growth driver is jobs. The Atlanta Regional Commission projects that by 2050, the region will add 856,000 jobs (totaling 4.6 million), 130,000 of which will be in professional and business services. The population is expected to grow to 7.9 million by 2050, a 22% increase.
2. High home equity growth
Atlanta home prices have grown by 130.79% in the last ten years, and rent prices have increased by 61.45%. With a strong economy and healthy job growth, demand for housing in the Atlanta MSA will likely stay strong.
3. Diverse and stable economy
The economy is strong and diverse. Some of its top industries include healthcare, education, technology, cybersecurity, life sciences, manufacturing and transportation. Its diversity and favorable business climate attract companies, which draw more people to the area. The Atlanta Regional Commission estimates that 170 move to the region every day.
How To Purchase Investment Property in Atlanta
- Identify growth areas: Atlanta is one of the fastest-growing cities in the U.S., with a growing economy and population. This combination creates an excellent environment for investors to buy older homes that need repair and turn them into rental properties or purchase newer, larger homes in upscale neighborhoods to rent out to more affluent tenants.
- Evaluate your strategy: If you’re considering buying and holding investments in Atlanta or any other market, watch this webinar about out-of-state investing.
- Work with a local team: Our nationwide network of resources and professional property teams can help you find a property that fits your needs. Connect with the Georgia Property Team in RealWealth’s network today to view current turnkey rental property inventory.
#18 Charlotte, North Carolina
The Charlotte-Concord-Gastonia-NC-SC MSA, known as Metrolina, is an attractive destination for real estate investors and homebuyers. Ranked seventh on Zillow’s hottest housing markets for 2025, Charlotte’s popularity can be attributed to its diverse and rapidly growing economy, which includes finance, healthcare, energy, and technology sectors. The area’s economic growth will continually draw new residents, leading to a robust and expanding housing demand.
Charlotte’s population is expected to keep growing. Data from the Charlotte Regional Business Alliance shows that 117 people move to the region every day. The area has grown an average of 15% every decade. By 2050, Mecklenburg County alone will gain 600,000 residents.
About the Charlotte Housing Market
The Charlotte metro area is known for its blend of urban development and appealing lifestyle features. Thanks to a mild four-season climate and proximity to mountains and beaches, its broad appeal attracts a diverse demographic. This results in consistent demand in rental and resale markets, making it a popular choice for real estate investors nationwide.
The area’s economy provides a stable environment for Charlotte’s real estate market. The average home price is $375,991, with a yearly appreciation rate of 9.45%. A significant portion of housing demand is from the University of North Carolina at Charlotte, which brings 31,000 students annually and employs 3,700 faculty. There are also major businesses with thousands of employees, like Atrium (35,700+ employees), Wells Fargo Company (24,000+ employees), and Wal-Mart (17,100 employees).
Its strong economy and rental demand set the stage for home appreciation, which has grown by 125.40% over the last ten years. Below are more reasons we choose Charlotte as one of the best places to buy rental property.
Charlotte Housing Market Statistics
- Median Household Income: $77,154
- Metro Population: 2.8 Million
- 12-Year Population Growth: 24.67%
- Median Home Price: $375,991
- 1-Year Equity Growth: 9.45%
- 10-Year Equity Growth: 125.40%
- Median Rent Per Month: $1,774
- 1-Year Rent Growth: 4.83%
- 10-Year Rent Growth: 52.92%
- Job Growth: +45,500 jobs created over the last year
- 1-Year Job Growth Rate: 1.9% (higher than the national average)
- Unemployment Rate: 3.6% (lower than the national average)
Charlotte Housing Market Quick Facts
- The average sales price of single-family homes is $375,991. Over the past decade, home prices in Charlotte have surged by 125.40%, with a yearly growth rate of 9.45%.
- The average rent in the Charlotte metro area is currently $1,774. Over the last ten years, rents in Charlotte have increased by an average of 4.83% per year, with a total growth of 53%.
- Between June 2023 and June 2024, the Charlotte metro area added 26,200 new jobs, marking a job growth rate of 1.19%.
- Charlotte’s metro area population has increased by 24.67% since 2010, nearly 200% faster than the U.S. average, reaching 2.8 million residents.
- The rental vacancy rate in the Charlotte metro area is 4.2%, with 48% of households renting homes.
- Charlotte’s GDP is approximately $255 billion, having grown by 9.3% between 2022 and 2023.
- As of January 2025, FRED gave the Charlotte metro area a market hotness rank of 129. While this indicates a cooling market, it’s lower than October (146) and November (131) numbers, showing that it is warming up.
Top 3 Reasons to Invest in the Charlotte Real Estate Market in 2025
1. Rapid population growth
In 2023, the U.S. Census Bureau ranked Charlotte in the top ten fastest-growing metro areas, growing at 5.29% between 2020 and 2023. A thriving job market, affordable living, and high quality of life fuel this growth. In Q3 2024, the area had $23 million in capital investments and 66 projects projected to create 18,570 new jobs.
2. Soaring home prices and rents
Charlotte’s housing market has seen exceptional appreciation, with home prices growing by 125% over the past decade at an average annual rate of 9.45%, outpacing the national average. Rents have also surged, increasing by 52.92% in the last 10 years, 17% faster than the U.S. average.
3. Diverse and robust economy
Charlotte’s economy thrives on its diverse sectors (financial services, healthcare, manufacturing, energy, automotive, and technology). Significant corporate investments will create new jobs, such as Arrival’s $46 million project to build its first electric vehicle micro-factory in the U.S. and Fuji Seal’s $52 million project to establish new production facilities. Corporate projects, new housing, and office developments strengthen the region’s economic resilience and future growth potential, driving housing demand.
How To Purchase Investment Property in Charlotte
Charlotte is one of the fastest-growing metro areas in the U.S. Although property values have been increasing, they remain relatively affordable compared to other growth cities.
How to Purchase:
- Market analysis: Focus on upcoming neighborhoods and suburbs for the best investment returns.
- Financing options: Look for investment-specific mortgage products offered by North Carolina banks.
- Local regulations: Familiarize yourself with North Carolina’s property management requirements and rental laws.
- Professional help: Consider hiring a property manager, especially if you are an out-of-state investor. Connect with the Charlotte Property Team in RealWealth’s network today to view current turnkey rental property inventory.
Best Neighborhoods to Invest in Charlotte
1. Shelby
Located 45 minutes west of Charlotte, Shelby offers a more affordable alternative for those seeking proximity to the Queen City. With a population of nearly 22,000, Shelby boasts a lower cost of living, particularly in housing, while providing easy access to Charlotte’s thriving job market and amenities. Major employers like Curtiss-Wright Controls and HCLTech have established a presence in Shelby, driving economic growth and housing demand.
2. Salisbury
Between Charlotte and the Triad region, Salisbury is well-connected to transportation networks, including Interstate 85 and the Norfolk-Southern Main Line. This central location within the Charlotte metro area provides access to a large labor pool and positions Salisbury for potential growth and investment. Recent investments, such as DHL Supply Chain’s $40 million logistics center, highlight the area’s appeal for logistics and distribution companies.
3. Kings Mountain
Just 35 miles west of Charlotte, Kings Mountain is experiencing significant investment due to its proximity to the Queen City and its growth potential. The city is home to a recently reopened lithium mine, which is expected to support the manufacturing of 1.2 million electric vehicles annually, making it a key player in the nation’s battery supply chain. The upcoming $750 million “Dixon Ridge” mixed-use development further highlights Kings Mountain’s attractiveness as an investment destination in the Charlotte metro area.
#19 Dayton, Ohio
Dayton is in Southwestern Ohio, along the confluence of the Mad and Miami Rivers. It’s the sixth largest city in Ohio and is known for its significant role in the aviation industry, including being home to the Wright brothers. It has much to offer, including affordable living, outdoor recreation, cultural activities, a stable economy, and a strong job market. Businesses are drawn here for its centralized location, competitive taxes, and pro-business policies.
MSA and the Economy
Dayton-Kettering-Beavercreek MSA includes four counties: Greene, Miami, Preble, and Montgomery. After facing tough times when industries shifted and manufacturing jobs decreased, Dayton returned by restructuring its economy to support emerging sectors such as healthcare, education, aerospace, information tech, and a flourishing research and development sector. The city is pro-actively growing its economy and workforce, pouring millions of dollars into infrastructure improvements, like new housing developments and roads, and removing 250 structures.
One of the area’s economic strengths is its location and accessibility to interstates, airports, a military air force base, and rail and freight truck terminals. The city also has efficient public transportation options, including bus and trolley services. Wright-Patterson Air Force Base is a leader in logistics, research, development, and advanced aviation technology, contributing $4 billion to the economy.
Population Growth
The population of the city of Dayton hasn’t moved much, and in some years, including 2023 and 2024, it has experienced a decrease in population. In addition, the Department of Development projects reported that metro counties like Montgomery and Preble will decrease in population for the next several years. This is the opposite of other growing Ohio metros like Cincinnati, Cleveland, or Columbus.
Top employers like Primer Health, Kettering Health, and Wright-Patterson Air Force Base help ensure stability. The base alone employs approximately 38,000 military, civilian, and contract workers.
Job Growth
No new jobs were added in 2024. City officials expect that to pick up for 2025, especially in the following sectors: manufacturing, distribution, and healthcare. Newer businesses like Sierra Nevada Corporation and Dine Development Corporation helped reinforce the workforce, and new developments like OnMain are projected to create 2,000 jobs. In the Department of Job and Family Services’ “2030 Job Outlook: Dayton Metropolitan Statistical Area” report, between 2020 and 2030, 18,723 jobs will be added at a job growth rate of 4.9%.
About the Dayton Housing Market
The Midwest provides an affordable market for first-time investors and experienced professionals, with the cost of living below the national average. Because of this, Dayton’s real estate market is increasingly drawing investors’ attention. A notable trend in Dayton’s market is the sharp decline in the number of homes for sale. With construction not keeping up with the demand for new homes, Dayton presents a ripe opportunity for developers and investors.
Dayton Housing Market Statistics
- Median Household Income: $57,574
- Metro Population: 814,363
- Median Home Price: $240,000
- 1-Year Equity Growth: 4.8%
- Median Rent Per Month: $1,173
- 1-Year Rent Growth: 4.8%
- Job Growth: No jobs gained in 2024
- 1-Year Job Growth Rate: 0% (lower than the national average)
- Unemployment Rate: 4.4% (higher than the national average)
Dayton Housing Market Quick Facts
- In January 2025, Redfin reported that the median sale price was $130,000, up 2% compared to last year. The average rent is $1,173, and the yearly appreciation rate is 4.47%. The rental vacancy rate is 4.7%, and 53% of households are renter-occupied.
- The population is projected to reach 3 million by 2050.
- The GDP is $47 billion.
- Redfin reports the market is “Somewhat Competitive” with homes typically go pending in 40 days and hot homes in 18 days.
Top 3 Reasons to Invest in the Dayton Real Estate Market in 2025
1. Affordable prices
Dayton’s real estate market stands out because of its remarkable affordability. The metro area’s median home sale price is 37% lower than the national average. Moreover, Dayton’s overall cost of living, which sits 4% below the national average, adds to its appeal for residents and investors alike. These low costs, the city’s stable economy, and numerous development initiatives create a solid foundation for potential growth in its real estate sector.
2. Growing economy
Dayton boasts a flourishing economy supported by aerospace, manufacturing, and healthcare industries. Major employers, such as Wright-Patterson Air Force Base, contribute to the job market’s variety and stability. Large-scale investments, like the $440 million invested in downtown and United Alloy’s $10 million manufacturing facility expansion, will foster continued demand in the area.
3. Increasing property values and rents
Although Dayton’s housing market is currently affordable, recent years have seen steady growth in property values, indicating strong potential for future appreciation.
How To Purchase Investment Property in Dayton
Dayton offers affordability not easily found in other U.S. markets, coupled with a steady rental market.
How to Purchase:
- Analyze economic development projects: Investing in areas targeted for economic development can yield high returns.
- Consider the suburbs: Suburbs around Dayton are becoming increasingly popular and often offer better returns on investment due to newer and more diverse property options.
- Budget for renovations: Many properties in Dayton may require renovations; factoring this into your budget can significantly improve rental yields.
- Work with local investing experts: Connect with the Dayton Property Team in RealWealth’s network today to view current turnkey rental property inventory.
Best Neighborhoods to Invest in Dayton
1. Downtown Dayton
Downtown Dayton is the commercial center of the Dayton region, seamlessly combining industry, academia, and urban living. It’s bolstered by nearby colleges and universities and recent investments from well-known corporations like GE EPISCenter, Midmark, and Emerson Climate Technologies.
Numerous ongoing projects worth over $1.3 billion are transforming the area with new manufacturing facilities, apartment complexes, medical centers, and commercial properties. The lively downtown atmosphere emphasizes walkability, allowing residents easy access to entertainment, cultural landmarks, and dining options. Developments like Joby Aviation’s upcoming $477 million facility signal growth, with estimates of creating up to 2,000 new jobs. Additionally, with over 65% of downtown residents renting their homes, the rental market here shows immense potential.
2. Harrison Township
Located near Dayton, Harrison Township offers an affordable housing market with a median home value significantly below the national average, making it an appealing option for investors looking for lower-cost opportunities. Harrison Township has 21,814 residents and local attractions like the Boonshoft Museum of Discovery and the Dayton Art Institute.
The township’s suburban charm and easy access to Dayton’s urban amenities create a desirable balance of city and suburban living. With local attractions, recreational facilities, and a family-friendly environment, Harrison Township presents a well-rounded investment proposition.
3. Moraine
Moraine is a manufacturing hub boasting over 6 million square feet of facilities with a strategic location at the intersection of major interstate highways I-75 and I-70. The area’s rich manufacturing heritage, combined with 15 local colleges and universities within a 25-mile radius, contributes to a highly skilled and educated workforce.
Moraine’s diverse economic base, spanning sectors like marketing, cybersecurity, automotive, and food services, provides stability and resilience. The presence of prominent employers such as Fuyao Glass America further enhances Moraine’s attractiveness to real estate investors.
#20 Columbus, Ohio
Columbus is Ohio’s state capital and home to one of the United States’ largest universities. Its thriving student and young professional population creates consistent demand for rental properties, offering investors the potential for stable cash flow and long-term appreciation. Businesses appreciate Columbus’s strategic location, strong workforce, and business-friendly taxes.
MSA and the Economy
The Columbus MSA includes ten counties. The diverse economy has strong technology, finance, healthcare, retail, and education sectors. This economic diversity provides a stable job market, which drives demand for housing. Moreover, Columbus is becoming a tech hub, attracting startups and established tech companies. Intel’s multi-billion-dollar plant, which is set to be operational by 2028, promises abundant high-income jobs, which should attract even more workers to the area.
Population Growth
Over the past twelve years, the Columbus MSA population growth rate of 13.4% has exceeded the national average of 7.74%. This steady stream of new residents has created a large, dependable pool of potential tenants for rental properties. The region currently has 2.4 million residents; by 2050, it will reach 3 million.
Job Growth
For the past couple of years, job growth in Columbus has been lower than the national average. In 2024, the metro added approximately 6,800 jobs, compared to the forecast of 9,800. An economic expert says this is likely due to the population growth slowing down and the lack of housing. While new housing units have been added, they are not enough for the household growth projections, which need 16,000 units a year.
The Columbus region expects job increases in specific sectors in 2025: healthcare will add 5,100 new jobs, and construction will add 2,200 new jobs. According to the Ohio Department of Job and Family Services’ 2030 Job Outlook Report, between 2020 and 2030, the Columbus MSA will add 102,228 jobs, a 9.4% increase.
About the Columbus Housing Market
Columbus is gaining recognition as a top real estate market, attracting investors from all over the nation. Zillow ranked it third on its list of the hottest housing markets in 2024, thanks to robust demand, moderate home values, a growing number of homeowners, and consistent job growth.
What makes Columbus stand out is its affordability. Compared to national averages, properties in the metro area are reasonably priced. Even as home values rise, you can still find properties for $150,000, making the market appealing to a wide range of investors, from first-timers to seasoned pros. With solid economic fundamentals and a growing population, Columbus can offer consistent returns for those looking to diversify their real estate investments.
Columbus Housing Market Statistics
- Median Household Income: $77,390
- Metro Population: 2.4 Million
- Median Home Price: $315,000
- 1-Year Equity Growth: 4.1%
- Median Rent Per Month: $1,450
- 1-Year Rent Growth: 4.47%
- Job Growth: +6,800 jobs created over the last year
- 1-Year Job Growth Rate: 0.4% (same as the national average)
- Unemployment Rate: 3.9% (lower than the national average)
Columbus Housing Market Quick Facts
- In January 2025, Redfin reported that the median sale price was $270,000, the same as last year.
- The average rent is $1,450, and the yearly appreciation rate is 4.47%. The rental vacancy rate is 4.1%, and 55% of households are renter-occupied.
- In 2024, 6,800 jobs were created.
- The population is projected to reach 3 million by 2050.
- The GDP is $182 billion, a 6.6% increase from 2022 to 2023.
- FRED market hotness score is 22. The year’s low was 6, and the high was 32.
- Redfin reports the market is “Somewhat Competitive” with homes typically going pending in 51 days and hot homes in 32 days.
Top 3 Reasons to Invest in the Columbus Real Estate Market in 2025
1. High rental demand
Due to a lack of housing units, Columbus rental prices are increasing. From February 2024 to February 2025, rents increased by 17%! The presence of Ohio State University and other significant institutions creates a steady influx of students seeking rental units, ensuring consistent demand for investment properties.
2. Affordable market
Columbus’s median home price of approximately $270,000 compared to many U.S. cities reflects an accessible market. Additionally, the city’s cost of living is 6% below the national average, with housing expenses 8% below, meaning that your investment dollars can buy more square footage and amenities in Columbus.
3. Economic diversity and stability
Columbus’s highly diversified economy provides stability to the region and housing market. You’ll find prominent brand names like JPMorgan Chase, Nationwide, and Abercrombie & Fitch alongside smaller companies and startups, creating diverse representation where “no single industry represents more than 17% of employment.” Its sectors include automotive, retail, fintech, insurance, life sciences, logistics, manufacturing, semiconductors, pharmaceuticals, and cloud computing. This balance gives Columbus a resilience that’s appealing to investors.
How To Purchase Investment Property in Columbus
Columbus is known for its stable economy, which is supported by the education, government, and technology sectors. There is consistent demand for rental housing in this market.
How to Purchase:
- Consider student housing: With a significant student population, properties near Ohio State University offer great rental potential.
- Get a rental license: Columbus requires rental licenses for non-owner-occupied properties, so make sure to adhere to the regulations.
- Leverage property management firms: Given the fluctuating student rental market, consider using a local property management firm to maintain occupancy rates and manage the property effectively. For similar properties or markets, join RealWealth to connect with the team we work with in Ohio.
Best Neighborhoods to Invest in Columbus
1. Reynoldsburg
With a population of around 41,117 in 2022, the suburb of Reynoldsburg offers a mix of tranquility and accessibility, being just 20 minutes away from downtown Columbus. Known for its excellent educational institutions, including six elementary schools, two middle schools, two junior high schools, and one high school, Reynoldsburg is popular among families seeking quality education. Homes in the area are affordable, ranging between $75,000 and $250,000. The upcoming $170 million Eastwood project, which includes over 600 new residential units, indicates growth and investment in the area.
2. Franklinton
Franklinton, Columbus’s oldest neighborhood, is steeped in history. It achieves the rare balance of preserving its past while priming for future growth. Significant property value increases of 150 – 212% were recorded in parts of Franklinton between 2022 and 2023. Investment is particularly high in parts of Franklinton close to downtown and near such attractions as the COSI and the new Veterans’ Memorial & Museum. The neighborhood’s proximity to The Peninsula, a mixed-use development that will include an eight-story hotel, an 11-story residential building, and an eight-story office building, suggests continued growth in property values and sales prices.
3. Downtown Columbus
The city center, Downtown Columbus, is experiencing a development boom with nearly $3 billion in ongoing projects and an additional $228 million worth completed last year. The area has a current population of 12,000, with a 3% population increase from 2022 to 2023. Notable projects like the I-70/I-71 development, the Grant Medical Center expansion, and phase two of The Peninsula further enhance this area’s appeal. With a strong rental market characterized by low vacancy rates and high demand, Downtown Columbus presents a promising opportunity for development and investment.
#21 Little Rock, Arkansas
Little Rock is the capital of Arkansas and its most populated city. It’s known for its affordability, history, art culture, food scene, parks, and green spaces, like the 17-mile Arkansas River Loop Trail. Little Rock is forward-thinking in fostering economic growth, offering businesses incentive programs and tax credits.
MSA and the Economy
The Little Rock-North Little Rock-Conway Metropolitan Statistical Area has six counties. The top economic sectors are healthcare, logistics, advanced manufacturing, aerospace, financial services, tech, government, and education. Some of the area’s biggest employers are AT&T, Amazon, and Arkansas Children’s Hospital.
Population Growth
According to Metroplan’s Metrotrends Demographic Review and Outlook, Little Rock is growing faster than Memphis, TN, Baton Rouge, LA, and Jackson, MS. Much of this growth is due to the city’s revitalization and reinvestment efforts and affordability. In 2050, the Little Rock metro area is expected to reach 866,000.
Job Growth
Jobs in Little Rock MSA are growing. As of June 2024, there was a 3.6% increase from June 2023. The region alone creates more than half (52%) of the new jobs in the entire state. Projects in the works and those ending soon will add more jobs to the economy, such as Trex Co.’s $400 million manufacturing plant that will create 500 jobs, Elopark’s $70 million plant that will create 100 jobs, and Faymonville Group’s $100 million facility that will create 500 jobs.
About the Little Rock Housing Market
Zillow reported the average home value in Little Rock is $209,020, reflecting a 4.0% increase over the past year. Redfin considers it a somewhat competitive market, with some properties receiving multiple offers and selling for about 3% below the list price. Little Rock is among the top housing markets for 2025, with a projected 18% increase in existing-home sales. The area’s quality of living, job growth, and population increase will continue to add to housing demand.
Little Rock Housing Market Statistics
- Median Household Income: $58,697
- Metro Population: 771,000
- Median Home Price: $214,000
- 1-Year Equity Growth: 4.1%
- Median Rent Per Month: $1,200
- Job Growth: +12,856 jobs created from June 2023 to June 2024
- 1–Year Job Growth Rate: 3.6% (higher than the national average)
- Unemployment Rate: 2.7% (lower than the national average)
Little Rock Housing Market Quick Facts
- The average home value is $214,000, and the yearly appreciation rate is 4.1%. Over the past 10 years, homes have appreciated 42.9%.
- The average rent is $1,200, with a year-over-year change of $29.
- The rental vacancy rate is 11%, and 46% of households are renter-occupied.
- Between June 2023 and June 2024, 12,856 jobs were created.
- In 2050, the Little Rock metro area is projected to reach a population of 866,000.
- The GDP is $51 billion, a 7.5% increase from 2022 to 2023.
- FRED market hotness score is 8. The low for 2024 was -11, and the high was 41.
- Redfin reports it is a “Somewhat Competitive” market. In January 2025, homes would go pending in 56 days and hot homes in 32 days.
Top 3 Reasons to Invest in the Little Rock Real Estate Market in 2025
1. Affordable real estate
The cost of living in Little Rock is 6% lower than the national average, with housing expenses 18% lower. The average home price is $214,000, 49% lower than the national average. For real estate investors looking to capitalize on lower entry points and favorable long-term growth, Little Rock provides an attractive option.
2. Thriving job market
Set in a tactical geographic location, Little Rock’s established infrastructure–port, rail, air, and interstates–is a boon for companies and residents. Its business-friendly climate and incentives enhance local businesses and attract new businesses, which add more jobs, bolstering the labor force.
3. Strong rental demand
The increasing population of young families and professionals has led to a strong pool of qualified tenants. The demand for housing has caused rental rates to rise, which is projected to keep rising steadily. As the area grows, this could lead to attractive cash flow opportunities.
How To Purchase Investment Property in Little Rock
Thanks to its population and job growth, Little Rock offers a stable and affordable investment environment with a growing demand for rentals.
How to Purchase:
- Research the market: Familiarize yourself with the different neighborhoods and their investment potential. Young professionals and families are drawn to downtown, Hillcrest, and Capital View. Young families are attracted to Sherwood, Briarwood, and Walnut Valley.
- Understand the laws: Arkansas is a landlord-friendly state. Familiarize yourself with landlord and tenant rights.
- Work with a local team: Partner with experts who know the Huntsville metro area well and can help you find the best properties. Join RealWealth today to connect with the teams we work with in markets similar to Little Rock.
#22 Tuscaloosa, Alabama
Located in west-central Alabama along the Black Warrior River, Tuscaloosa is home to the University of Alabama. This city has a college-town atmosphere with cultural activities, sports events, and affordable living, making it attractive to families and professionals. Its established skilled talent pool, robust transportation network, and business-friendly incentives support business growth.
MSA and the Economy
The Tuscaloosa MSA includes three counties: Tuscaloosa, Hale, and Pickens. Over the past decade, the robust economy has experienced consistent growth, which is expected to continue into 2025. Top industry sectors include education, manufacturing, tourism, tech, healthcare, and retail. The city and state are pro-business, offering a competitive tax structure, tax abatements, grants, and Opportunity Zone incentives. In 2023, the GDP was 11.6 billion.
Population Growth
Between 2019 and 2020, the population of Tuscaloosa jumped by almost 20,000. Since then, it has been growing steadily, and experts expect moderate population growth this year. By 2040, Tuscaloosa County is projected to grow by 26.8%.
Job Growth
Like the rest of Alabama, Tuscaloosa will have moderate job growth. Jobs in tech, such as cloud computing, AI, and cybersecurity, are booming and are expected to create 2,300 jobs in 2025. Cybersecurity is expected to see the most growth, with an 18% job growth rate.
The area’s major employers include the University of Alabama (6,839 employees), Mercedes-Benz U.S. International (4,500 employees), and DCH Regional Medical Center (3,444 employees), as well as well-known manufacturing companies like Mercedes-Benz U.S. International and Michelin/BF Goodrich Tire Manufacturing.
About the Tuscaloosa Housing Market
Tuscaloosa’s housing market has experienced modest growth, with certain neighborhoods showing significant appreciation. This highlights the importance of localized market analysis for prospective real estate investors. Zillow reports that neighborhoods like University and Forest Lake have seen varying trends. The University area has a median home value of $413,819, while Forest Lake stands at $227,161.
Tuscaloosa Housing Market Statistics
- Median Household Income: $58,193
- Metro Population: 268,674
- Median Home Price: $245,000
- 1-Year Equity Growth: 6.99%
- Median Rent Per Month: $1,543
- 1-Year Rent Growth: 1.5%
- 1-Year Job Growth Rate: .9% (higher than the national average)
- Unemployment Rate: 3% (lower than the national average)
Tuscaloosa Housing Market Quick Facts
- In January, Redfin reported that the median sale price was $265,000, up 14.7% since last year.
- Redfin also reported the market as “Somewhat Competitive,” with homes going pending in 35 days and hot homes in 6 days.
- The average rent is $1,500, with a year-over-year change of -$25.
- The rental vacancy rate is 4.9%, and 54% of households are renter-occupied.
- By 2040, the population of Tuscaloosa County is expected to grow by 26.8%.
- The GDP is $11.6 billion (2023), a 3.3% increase from 2022 to 2023.
- The Realtor.com market hotness score is 40, indicating a warm market.
Top 3 Reasons to Invest in the Tuscaloosa Real Estate Market in 2025
1. Strong rental demand
Tuscaloosa is home to the University of Alabama, which has an enrollment of over 39,000 students. The university fuels consistent rental demand, making it an attractive market for investors targeting student housing or long-term rentals. Faculty, staff, and university-affiliated professionals also contribute to steady tenant demand year-round.
2. Affordable property prices with growth potential
Tuscaloosa offers affordable home prices compared to national averages, with a median home price of around $240,000 (2024). The market has experienced steady appreciation, and continued population and job growth make it a promising area for long-term equity gains. Investors can still find cash-flowing properties with strong rental yields.
3. Diverse and expanding local economy
Beyond the university, Tuscaloosa has a diverse economy, anchored by healthcare, manufacturing, and automotive industries. Mercedes-Benz U.S. International, located in the area, has driven job growth and economic stability by investing over $7 billion in several expansions over the years. With continued infrastructure improvements and business expansion, Tuscaloosa remains an investor-friendly market with strong employment fundamentals.
How To Purchase Investment Property in Tuscaloosa
Tuscaloosa’s strong rental market and affordability make it an attractive choice for real estate investors.
How to Purchase:
- Identify growth areas: Look for properties in neighborhoods for student housing or near business development and employment opportunities.
- Tax considerations: Learn about Alabama’s property taxes to see how they’ll affect your investment costs.
- Work with a local team: Work with Tuscaloosa-based real estate agents, property managers, and contractors knowledgeable in rehabilitating properties for high rental yields. Join RealWealth to connect and see turnkey properties available now in Alabama.
#23 Tulsa, Oklahoma
Tulsa is Oklahoma’s second-largest city. Once known as the “Oil Capital of the World,” its top sectors include aerospace, tech, energy, finance, healthcare, and education. Residents appreciate the small-town feel, outdoor recreation, and affordability while having big-city amenities like art, culture, and entertainment. Businesses benefit from its central U.S. location, which has an established infrastructure for distribution and logistics, a low cost of doing business, a talent pool, supportive policies, and a growing tech scene. The “Tulsa Remote” program attracts remote workers and startups looking for a supportive remote work community.
MSA and the Economy
The Tulsa MSA includes seven counties and is home to more than 28% of Oklahoma’s population. In the 1980s, the city started diversifying its economy. Its main sectors are aerospace, advanced manufacturing, biotech, tech, education, and healthcare. Major employers include the Saint Francis Health System, American Airlines, ONEOK, and BOK Financial.
Population Growth
Tulsa’s population is growing at a steady pace. Between 2020 and 2023, Tulsa saw an inflow of 3,000 people, a .5% growth. In July 2024, the Tulsa metro population reached 1.41 million. By 2034, it’s expected to reach 1.51 million. People come to the area for its low cost of living, which is 12% lower than the national average. In 2023, the Tulsa Citywide Housing Assessment reported that housing is not keeping up with population growth. An estimated 13,000 housing units are needed within the next ten years, 4,000 of which have pent-up demand.
Job Growth
Job growth in the Tulsa metro has been strong. In 2022, it added 15,000 new jobs. Between October 2023 and October 2024, 12,000 new jobs were added, at a job growth rate of 2.5%, the second-highest in the U.S. Oklahoma State University Economic Outlook reports that job growth will likely slow during 2025, much in part due to the national economy. However, the tech sector has taken off and is expected to create 56,000 new jobs in the next 10 years. New business developments, such as SIXT USA’s new office, will create 70 new jobs, and the Lufthansa 25,000 square-foot facility expansion at the airport will create 90 jobs.
About the Tulsa Housing Market
In December 2024, Bankrate reported that the Tulsa housing market was a seller’s market. This is likely due to limited inventory, which had 2.6 months of inventory, plus an overall lack of housing, as noted by the city assessment. The median sale price is $228,000, 40% below the national average. Together with Oklahoma City, it boasts a higher percentage of reasonably priced homes than many other places in the country. Even though home prices in the area have risen in line with the general U.S. housing market trends, investors will still find many homes priced under $150k here. Apart from its affordability, Tulsa’s natural beauty, cultural attractions, and growing economy make it one of the best cities to buy rental property.
Tulsa Housing Market Statistics
- Median Household Income: $67,688
- Metro Population: 1.41 Million
- Median Home Price: $227,928
- 1-Year Equity Growth: 4.6%
- Median Rent Per Month: $1,359
- 1-Year Rent Growth: 4.23%
- Job Growth: +12,000 jobs created from October 2023 to October 2024
- 1-Year Job Growth Rate: 2.25% (higher than the national average)
- Unemployment Rate: 2.9% (lower than the national average)
Tulsa Housing Market Quick Facts
- In January 2025, Redfin reported the median sale price at $230,000, up 11.1% since last year.
- The average rent is $1,359, with a year-over-year change of +$59
- The rental vacancy rate is 7.5%, and 48% of households are renter-occupied.
- Between October 2023 and October 2024, 12,000 jobs were added.
- By 2034, the Tulsa metro is projected to reach 1.5 million people.
- The GDP is $67 billion, with an 8.2% increase from 2022 to 2023.
- The FRED market hotness score is 46. The year’s low was 33, and the high was 42.
- Redfin reports the market as “Somewhat Competitive,” with homes going pending in 36 days and hot homes in 9 days.
Top 3 Reasons to Invest in the Tulsa Real Estate Market in 2025
1. Affordable real estate prices
Tulsa’s real estate market is very affordable, which is good news for investors seeking cash flow in one of the best places to buy rental property. Housing expenses are 19% lower than the national average, and the growing population keeps the demand for housing high.
2. High rental demand
Tulsa has a high rental demand, and almost half of the households are renter occupied. Its projected population growth and the need for more housing mean the demand for rentals will remain high. The city is also becoming more popular as a tourist destination, increasing the demand for short-term rentals and giving real estate investors more options.
3. Steady home price appreciation
According to FRED, Tulsa homes have appreciated by 61.81% over the past ten years. In 2025, it will continue to rise by 3-4%. While home prices have not grown as fast as other metros of similar size, appreciation has made a steady upward trajectory. Low inventory, strong demand, and ongoing developments will likely help sustain this momentum.
How To Purchase Investment Property in Tulsa
Tulsa is a growing metro with affordable living, economic growth, and rental demand.
How to Purchase:
- Focus on economic hubs: Look for properties near new developments and neighborhoods that attract your ideal tenants.
- Understand state and local laws: Familiarize yourself with Oklahoma’s landlord-tenant laws, including specifics about security deposits and eviction processes. This knowledge is vital for all property investors.
- Tax incentives: Research state and local programs offering tax breaks for property rehabilitation, especially in districts earmarked for revitalization projects.
- Property management: Consider partnering with a property management company familiar with the Tulsa market to handle day-to-day operations. If you are looking for properties in Oklahoma, connect with the team we work with.
#24 Houston, Texas
Houston, Texas, is the fourth-largest city in the United States. This thriving metropolis has much to offer, including affordability, culture, and family-friendly activities like the NASA Space Center Houston. Its business-friendly climate makes it a hot spot for business. More than 20 Fortune 500 companies, including ExxonMobil, Hewlett Packard, and NRG Energy, are headquartered here.
MSA and the Economy
The Houston-The Woodlands-Sugar Land MSA includes nine counties. Its strategic location, with two international airports and the country’s busiest port in terms of cargo volume, provides significant benefits for economic growth. Booming sectors include energy, aerospace, and healthcare. Companies come and stay here because of the pro-business environment that offers cost-effective tax structures and state-supported incentives. The GDP is $696 billion, earning it a spot as the seventh-largest metro economy in the U.S.
Population Growth
Houston’s expanding population, driven by increased birth rates and resurgent net international migration, fuels a vibrant economy. The city has approximately 7.5 million residents, and its population is expected to grow to 8 million by 2030. Houston’s ongoing population increase will continue to support a vibrant real estate market poised for continued growth.
Job Growth
The Greater Houston Partnership has projected that 75,000 jobs will be created in 2025. The top five sectors to see the most gains will be health care, construction, professional and technical services, government, and hospitality. Large corporations like Walmart, Memorial Hermann Health System, H-E-B, and Houston Methodist provide tens of thousands of jobs, ensuring a steady influx of residents seeking housing. Furthermore, the University of Houston brings substantial economic benefits and employment opportunities, including 46,000 students and 4,900 local jobs.
About the Houston Housing Market
As of early 2025, the Houston, Texas, housing market showed promising signs. Zillow reported that the average home value in Houston is approximately $263,945, reflecting a 0.2% increase over the past year. According to the Houston Association of Realtors, sales volume increased in 2024 by 1.3%, and in December, inventory stood at a 4-month supply, creating a more balanced market. They expect home values to remain steady throughout 2025.
Houston Housing Market Statistics
- Median Household Income: $71,543
- Metro Population: 7.5 Million
- Annual Population Growth: 1.29%
- Median Home Price: $315,000
- 1-Year Equity Growth: 1.6%
- Median Rent Per Month: $1,850
- 1-Year Rent Growth: 2.6%
- Job Growth: +57,800 jobs created in 2024
- 1-Year Job Growth Rate: 1.7% (higher than the national average)
- Unemployment Rate: 4.1% (same as the national average)
Houston Housing Market Quick Facts
- As of January 2025, the median sale price was $315,000, a 1.6% increase from last year.
- In January 2024, the average rental price in Houston was $1,850, with no year-over-year change.
- The rental vacancy rate is 9.2%, and 58% of households are renter-occupied.
- In 2024, 57,800 jobs were created.
- By 2050, the Houston metro area’s project population will be 12 million.
- The GDP is $696 billion, a 7.6% increase from 2022 to 2023.
- FRED market hotness score is 38. The year’s low was 18, and the high was 38.
- Redfin reports the market is “Somewhat Competitive,” with homes going pending in 49 days and hot homes in 16 days.
- In January 2025, the median sale price was $315,000, up 1.6% from last year.
Top 3 Reasons to Invest in the Houston Real Estate Market in 2025
1. Fast population growth
Houston’s metro area is home to approximately 7.5 million people, and the population is rapidly growing, making it one of the fastest-growing cities in the United States. This rapid expansion, fueled by job prospects, a varied economy, and a cheaper cost of living compared to other major metropolitan areas, is attractive to real estate investors.
2. High rental yield potential
Despite its size and economic significance, Houston offers relatively affordable real estate options, providing investors with a lower entry point than other major metros. Houston’s reputable educational institutions and high quality of life also attract students and academic staff, creating strong rental demand in areas near universities and colleges. What distinguishes Houston is its ability to preserve an affordable housing market despite its continuous growth and success.
3. Steady job growth
Houston’s diverse and robust economy, with leading industries like energy, healthcare, and technology, creates steady jobs, attracting professionals and families. The 75,000 projected jobs for the year will attract skilled workers and increase the demand for housing, making Houston a highly sought-after destination as one of the best places to buy rental property.
How To Purchase Investment Property in Houston
Houston’s dynamic real estate market, driven by its strong economy and significant population growth, offers a variety of investment opportunities from single-family homes to multi-unit dwellings.
How to Purchase:
- Understand market segments: Houston’s economy supports various real estate sectors, including commercial, residential, and industrial—research to find the niche that aligns with your investment goals.
- Consider flood zones: Houston has a history of flooding, so it’s crucial to check flood zone maps and consider flood insurance for properties in susceptible areas.
- Leverage economic growth centers: Focus on areas near economic growth centers like the Texas Medical Center, Energy Corridor, and Innovation Districts to capitalize on rental and appreciation potential.
- Networking: Connect with local real estate agents who specialize in investment properties. Join RealWealth to connect with the team we work with in Texas.
Best Neighborhoods to Invest in Houston
1. Katy
Katy is one of the fastest-growing suburbs in Houston, experiencing rapid growth over the past five years. This vibrant community is known for its highly-rated Katy Independent School District, which attracts families seeking excellent education for their children. Katy’s proximity to the Energy Corridor, a central employment hub, adds to its attractiveness for professionals working there. With numerous amenities, such as parks, recreation centers, and shopping centers, Katy offers a high quality of life for people of all ages. The city’s population of 22,826, with a high level of education and an affluent demographic, suggests a market with quality tenants.
2. Willowbrook
Located in the northwest part of Houston, Willowbrook is conveniently situated at State Highway 249 and FM 1960 intersection, providing easy access to the city’s major job centers. Commutes to Downtown Houston and the Energy Corridor take less than 30 minutes and 20 minutes, respectively, making Willowbrook an attractive option for professionals.
With a median home price of just $235,000, Willowbrook offers affordable housing, appealing to buyers and renters. The Cypress-Fairbanks Independent School District serves the area, which can be a draw for families seeking quality education.
Willowbrook’s population of 16,784 consists of a mix of families and young professionals. A significant portion hold bachelor’s degrees and some college or associate degrees, indicating an educated populace that values quality education and could afford higher rents or property values.
3. Downtown Houston
Downtown Houston is a bustling business district, home to over 3,500 companies with over 150,000 employees and over 50 medical and research facilities. Living in this neighborhood provides an excellent commute for anyone working nearby.
Downtown is well-connected to the rest of Houston via the Houston Red Line and Houston Bike Network, and it boasts several amazing parks for recreation. The presence of high-performing schools, such as the Kinder High School for Performing and Visual Arts and Young Scholars Academy Charter School, makes Downtown Houston an attractive option for families.
The neighborhood also hosts numerous cultural, entertainment, and recreational venues, enhancing its appeal to residents and visitors. Ongoing investments in transportation, urban revitalization projects, and commercial developments, including the new 28-story office tower 1550 on the Green, the Moxy by Marriott hotel, and coworking spaces like Industrious at Downtown Houston, are poised to drive property values upward, making it a promising area for real estate investors.
#25 Winston-Salem, North Carolina
Winston-Salem, North Carolina’s mid-sized metro, is known for its historic charm and innovative business-friendly environment. It has culture, arts, history, and affordable living, 9% below the national average. It’s made a name for itself in business growth, having dedicated resources for entrepreneurs and support and incentives for businesses. Its Innovation Quarter houses 170 companies and educational institutions and even has space set aside for new businesses.
MSA and the Economy
The Winston-Salem MSA includes four counties: Forsyth, Davie, Stokes, and Yadkin. It’s easily accessible by five interstates and three rail lines and has a nearby airport. Top industry sectors include health care, manufacturing, transportation, education, government, and professional services.
Economic growth has slowed but remained stable since the pandemic. Programs, tax incentives, and grants are in place to facilitate economic growth, expansion, and retention. The GDP is $44 billion, a 7.1% increase from 2022 to 2023.
Population Growth
The metro area has been growing steadily. According to the Comprehensive Housing Market Analysis: Winston-Salem, North Carolina, published in June 2024, population growth has accelerated because of net in-migration. Since 2020, in-migration has averaged 6,300 people annually. They project the population will reach 717,800 by 2027.
Job Growth
While the area experienced job losses during the pandemic, the metro gained them back. In 2024, there was modest job growth, adding 305 jobs. The Greater Winston-Salem Chamber reported $6.3 billion in potential investments, which would bring approximately 11,000 jobs to the area. In 2025, cybersecurity jobs are expected to grow swiftly, as 72% of companies will actively be looking to hire.
Major employers are Atrium Health Wake Forest Baptist (18,570 employees), Novant Health (11,010 employees), and Truist Financial Corporation (4,000 employees). The area is also home to many top business brands, like John Deere, Collins Aerospace, Caterpillar, Krispy Kreme, and Hanesbrands.
About the Winston-Salem Housing Market
Winston-Salem’s real estate market is exhibiting signs of stabilization, with modest fluctuations in home prices and a balanced outlook across various property sectors. Zillow reported that the median sales price was $248,806, reflecting a 3.0% increase over the past year. Zillow also projects home values to continue increasing with a 4.4% increase by year’s end.
Winston-Salem Housing Market Statistics
- Median Household Income: $64,406
- Metro Population: 695,630
- Median Home Price: $275,00
- 1-Year Equity Growth: 5.75%
- Median Rent Per Month: $1,365
- 1-Year Rent Growth: 16.27%
- Job Growth: +350 jobs created in 2024
- 1-Year Job Growth Rate: .1% (lower than the national average)
- Unemployment Rate: 3.3% (lower than the national average)
Winston-Salem Housing Market Quick Facts
- The average home value is $250,000, and home prices are down 2.9% compared to last year.
- The average rent is $1,365, with a year-over-year change of $40.
- The rental vacancy rate is 9%, and 37% of households are renter-occupied.
- In 2024, 305 jobs were created.
- By 2030, the population is expected to reach 270,000
- The GDP is $44 billion, a 7.1% increase from 2022 to 2023.
- The FRED market hotness score is 58. The year’s low was 52, and the high was 68.
- Redfin reports the market is “Somewhat Competitive.”
- In January 2025, the median sale price was $250,000, down 2.9% from last year. Homes typically go pending in 46 days and hot homes in 25 days.
Top 3 Reasons to Invest in the Winston-Salem Real Estate Market in 2025
1. Affordability
Winston-Salem is still very affordable for the average investor, with homes priced at an average of $250,000. For context, the US average home price is $353,000. This market isn’t just affordable. It also offers appreciation potential. From January 2023 to January 2024, Redfin reports that Winston-Salem home prices grew by 9.2%. Winston-Salem offers the appreciation potential typical of big markets without the high entry costs.
2. Steady population growth
Winston-Salem’s population is growing at a rate of 4.7%, higher than the national average. Its economic opportunities draw people. Winston-Salem is part of the 10-county Piedmont Triad region, which is projected to grow to nearly 1.9 million residents by 2035.
3. High quality of life
Winston-Salem caters to a variety of lifestyles. Architecture lovers will appreciate the historic appeal of the West End. Entrepreneurs will love the innovative vibes of Industry Hill. Winston-Salem was ranked one of the five best cities to start a business by ZenBusiness in 2020. As an educational hub, Winston-Salem is home to some of the best universities in North Carolina – Wake Forest University, Winston-Salem State University and UNC School of the Arts.
How To Purchase Investment Property in Winston-Salem
Winston-Salem’s educational institutions appeal to students, its economic growth appeals to professionals, and the high quality of life draws in families who want a thriving, safe place to raise kids.
How to Purchase:
- University and healthcare sector: Properties near educational institutions and hospitals, such as Wake Forest University, usually offer stable rental demand.
- Historic property potential: Winston-Salem has numerous historical districts, which offer potential tax benefits for restoration and preservation but often have more regulatory hurdles.
- Get legal and tax advice: Learn about North Carolina property laws and local Winston-Salem regulations. You might need to work with a lawyer. Join RealWealth to connect with the Property Teams in RealWealth’s network and view turnkey rental property inventory in a market similar to Winston-Salem.
Best Neighborhoods to Invest in Winston-Salem
1. Admore
This is the largest neighborhood in Winston-Salem, with a population of about 4,300 households. Ardmore appeals to people who want beautiful tree-lined streets and architectural homes in an area close to shopping malls and two top-rated medical centers. It is also close to downtown Winston-Salem. Ardmore is a great place to invest in because it appeals to families. This neighborhood is part of the highly regarded Winston-Salem/Forsyth County School District.
2. Walkertown
Walkertown is located just eight miles from downtown Winston-Salem. It is a rural town in Forsyth County, but its proximity to downtown offers access to amenities and job opportunities. Walkertown has a population of 5,866 people and it is the 146th largest community in North Carolina. Outdoor enthusiasts will love this town’s proximity to Salem Lake and the Yadkin Valley Wine Country.
3. Lewisville
Lewisville is about 11 miles east of downtown Winston-Salem. It is known for its close-knit community and family-friendly atmosphere. The typical household income in this area is $95,571, and residents have a per capita income of $29,999. Families living here have good purchasing power, which bodes well for rents.
Lewisville is located within the Piedmont Triad region and offers easy access to the perks of downtown Winston-Salem. This area also boasts a high quality of life, excellent schools, abundant parks and annual events.
Final Thoughts
I hope this list of the 25 best places to buy rental property helps inform your real estate investment strategy for the coming years. As mentioned in the preliminary notes, we spent several months pulling and analyzing data to complete this article. We take great pride in our content and hope you find it useful.
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