The Best & Cheapest Apartment Options in 2023
Now is the Right Time to Get a Solid Return on Your Investment When You Purchase a Rental Property!
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If you are looking to buy an Apartment or Rental Property in 2023, you should really consider this right now. With prices set to climb as inflation bites and gas and oil reaches new highs, there is always one market that if you get in there quick, could offset all those future hikes and also provide you with some serious medium to long term returns.
The greatest locations to invest in have three characteristics: employment growth, population expansion, and affordability. If you can locate a market that offers all three, you’ll most likely be able to uncover solid investment prospects for not only positive cash flow but also appreciation.
Fortunately there are numerous locations in the United States that benefit from these three crucial pillars, these are areas where you can acquire high cash flow rental property while prices are still extremely reasonable, circa just $150,000-$200,000 in many places. With prices this cheap you shouldn’t have a problem making a tidy future profit, if you play your cards wisely. Look at some of this fantastic Real Estate in the US on offer here.
Purchase a Property in Atlanta and Benefit from High Growth Rates and Great Prices!
Atlanta is the third-largest metropolitan region in the Southeast, after only the Greater Washington and South Florida regions. It is located in the low foothills of the Appalachian Mountains. For decades, the Atlanta metro region enjoyed fast population expansion to meet the need for new employment, many of which were in high-paying industries such as manufacturing.
Atlanta’s population is now rising at a rate that is 122 percent faster than the rest of the country. More than 730,000 individuals have migrated to the Atlanta region since 2010, making it the fourth fastest expanding metropolitan area in the United States.
Market Overview:
- The average rent is $1,875.
- The typical house price in the Atlanta metro area is little more than $330,000, which is somewhat more than the national average.
- Atlanta house prices have grown 17.4 percent in the past year and are set to rise further.
- Atlanta’s population has grown by 13.54 percent over the last decade, which is 129 percent higher than the national average of 6 percent.
- COVID-19 resulted in severe employment losses both nationwide and in Atlanta in 2020. However, during the previous year, Atlanta has added over 134,000 new employment, representing a growth rate of slightly under 5%. This is 10% greater employment growth than the national average, which is encouraging for investors wishing to invest in a region experiencing a robust economic recovery.
In the Market to Buy a New Apartment? Invest in The Beautiful City of Baltimore!
The City of Baltimore is the biggest in the state of Maryland. It is situated comfortably 40 miles from the nation’s capital of Washington, D.C. This picturesque City boasts a big seaport with great transportation links over the Chesapeake Bay. The economy of the Baltimore metropolitan region is broad, including important businesses such as health care, education, finance, and insurance. Baltimore’s employment also includes members of the federal government and the military, with the Federal Social Security Administration based in the city.
Market Overview:
- In 2022, the average price of an apartment in Baltimore was $352,000. This is 11% more than the national value, however it is still cheap in comparison to many other areas around the country.
- The typical monthly rent in Baltimore is $1,774, representing a 0.50 percent price-to-rent ratio.
- Baltimore’s population has grown by 3 percent since 2010, which is 49 percent less than the national average of 6.11 percent. This demonstrates that Baltimore’s population is growing at a slower but consistent rate year after year.
- The pace of employment growth in Baltimore during the past year was 2.41 percent, which is 47 percent lower than the national average.
- Baltimore is expected to radically improve its growth statistics in the next few years.
Invest in Birmingham, The Most Populous City in Alabama and The County Headquarters of Jefferson County.
Another awesome location in the foothills of the Appalachian Mountains. Birmingham is home to about 1.2 million people, and the city’s population is slowly but gradually growing. In fact, Millennials are one of the major populations relocating to Birmingham. You really can’t go wrong her if you want to buy the best and cheapest Apartment and see real cash flow and appreciation in tandem.
Market Overview:
- Typical rent of $1,312.
- The average property price in the metro region is $216,000, which is 32% less than the national average.
- Home prices in the Birmingham metro region have increased by 24 percent in the past year, which is 22 percent greater than the national average.
- Birmingham is steadily expanding.
- Birmingham has witnessed gradual but consistent population and employment growth during the previous six years.
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