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Realtor.com® Unveils the Top Markets for Real Estate Investors

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Realtor.com® has unveiled the top U.S. markets for real estate investment, with Dayton, Ohio leading the list. The top 5 markets are Dayton, Ohio; Rochester, N.Y.; Cleveland, Ohio; Pittsburgh, Pa.; and Knoxville, Tenn. These markets offer strong returns from lower prices and steady demand, with a focus on the Midwest and Northeast regions.

Key findings include:

  • Top markets saw nearly double (1.95x) the average page views per property compared to national trends
  • Home prices in these markets are 21.7% lower than the national average
  • Rental vacancy rates averaged 4.8%, below the national average of 6.6%
  • 13.8% of buyers in these markets were investors in Q1 2024

The report analyzed data from the 75 largest U.S. metros, considering factors such as listing prices, views per property, housing stock, and vacancy rates to identify the most promising investment opportunities.

Realtor.com® ha svelato i principali mercati statunitensi per gli investimenti immobiliari, con Dayton, Ohio al primo posto. I primi 5 mercati sono Dayton, Ohio; Rochester, N.Y.; Cleveland, Ohio; Pittsburgh, Pa.; e Knoxville, Tenn. Questi mercati offrono buoni rendimenti grazie a prezzi più bassi e una domanda costante, con un focus sulle regioni del Midwest e del Nord-est.

Le principali scoperte includono:

  • I mercati top hanno registrato quasi il doppio (1,95x) delle visualizzazioni medie per proprietà rispetto alle tendenze nazionali
  • I prezzi degli immobili in questi mercati sono inferiori del 21,7% rispetto alla media nazionale
  • I tassi di vacanza degli affitti sono stati in media del 4,8%, sotto la media nazionale del 6,6%
  • Il 13,8% degli acquirenti in questi mercati erano investitori nel primo trimestre del 2024

Il rapporto ha analizzato i dati delle 75 maggiori metropoli statunitensi, considerando fattori come i prezzi di listino, le visualizzazioni per proprietà, il patrimonio edilizio e i tassi di vacanza per identificare le opportunità di investimento più promettenti.

Realtor.com® ha revelado los principales mercados de EE. UU. para la inversión inmobiliaria, siendo Dayton, Ohio el líder de la lista. Los 5 principales mercados son Dayton, Ohio; Rochester, N.Y.; Cleveland, Ohio; Pittsburgh, Pa.; y Knoxville, Tenn. Estos mercados ofrecen buenos rendimientos gracias a precios más bajos y una demanda constante, con un enfoque en las regiones del Medio Oeste y del Noreste.

Los hallazgos clave incluyen:

  • Los mercados principales tuvieron casi el doble (1.95x) de visualizaciones promedio por propiedad en comparación con las tendencias nacionales
  • Los precios de las viviendas en estos mercados son un 21.7% más bajos que el promedio nacional
  • Las tasas de vacantes de alquiler promediaron el 4.8%, por debajo del promedio nacional del 6.6%
  • El 13.8% de los compradores en estos mercados eran inversores en el primer trimestre de 2024

El informe analizó datos de las 75 principales áreas metropolitanas de EE. UU., considerando factores como precios de lista, visualizaciones por propiedad, stock de viviendas y tasas de vacantes para identificar las oportunidades de inversión más prometedoras.

Realtor.com®는 미국에서 부동산 투자에 가장 적합한 시장을 공개했으며, 오하이오주 데이튼이 리스트의 선두에 있습니다. 상위 5개 시장은 데이튼, 오하이오; 로체스터, 뉴욕; 클리블랜드, 오하이오; 피츠버그, 펜실베이니아; 그리고 녹스빌, 테네시입니다. 이 시장들은 가격이 낮고 수요가 지속적으로 높아 좋은 수익을 제공합니다. 중서부와 북동부 지역에 집중하고 있습니다.

주요 발견 사항은 다음과 같습니다:

  • 상위 시장은 국가 트렌드에 비해 평균 1.95배의 부동산 페이지 조회수를 기록했습니다.
  • 이 시장의 주택 가격은 국가 평균보다 21.7% 낮습니다.
  • 임대 공실률 평균이 4.8%로, 국가 평균 6.6%보다 낮습니다.
  • 2024년 1분기 동안 이 시장의 13.8% 구매자가 투자자였습니다.

보고서는 미국의 75개 대도시의 데이터를 분석했으며, 상장 가격, 부동산당 조회수, 주택 재고 및 공실률과 같은 요인을 고려하여 가장 유망한 투자 기회를 식별했습니다.

Realtor.com® a dévoilé les meilleurs marchés américains pour l'investissement immobilier, avec Dayton, Ohio en tête de liste. Les 5 principaux marchés sont Dayton, Ohio ; Rochester, N.Y. ; Cleveland, Ohio ; Pittsburgh, Pa. ; et Knoxville, Tenn. Ces marchés offrent de bons rendements grâce à des prix plus bas et à une demande constante, avec un accent sur les régions du Midwest et du Nord-Est.

Les principales conclusions comprennent :

  • Les marchés principaux ont enregistré presque le double (1,95x) des vues moyennes par propriété par rapport aux tendances nationales
  • Les prix des maisons dans ces marchés sont inférieurs de 21,7 % à la moyenne nationale
  • Les taux de vacance locative ont été en moyenne de 4,8 %, en dessous de la moyenne nationale de 6,6 %
  • 13,8 % des acheteurs sur ces marchés étaient des investisseurs au premier trimestre 2024

Le rapport a analysé des données des 75 plus grandes métropoles américaines, en considérant des facteurs tels que les prix de listing, les vues par propriété, le stock de logements et les taux de vacance pour identifier les opportunités d'investissement les plus prometteuses.

Realtor.com® hat die besten US-Märkte für Immobilieninvestitionen präsentiert, wobei Dayton, Ohio an der Spitze steht. Die Top-5-Märkte sind Dayton, Ohio; Rochester, N.Y.; Cleveland, Ohio; Pittsburgh, Pa.; und Knoxville, Tenn. Diese Märkte bieten starke Renditen aufgrund niedrigerer Preise und stabiler Nachfrage, mit einem Fokus auf den Mittleren Westen und den Nordosten.

Wichtige Erkenntnisse sind:

  • Die Top-Märkte verzeichneten fast doppelt so viele (1,95x) durchschnittliche Seitenaufrufe pro Immobilie im Vergleich zu nationalen Trends
  • Die Immobilienpreise in diesen Märkten liegen 21,7% unter dem nationalen Durchschnitt
  • Die Leerstandsquote für Mietwohnungen lag durchschnittlich bei 4,8%, unter dem nationalen Durchschnitt von 6,6%
  • Im ersten Quartal 2024 waren 13,8% der Käufer in diesen Märkten Investoren

Der Bericht analysierte Daten aus den 75 größten US-Metropolen und berücksichtigte Faktoren wie Listungspreise, Aufrufe pro Immobilie, Wohnungsbestand und Leerstandsquoten, um die vielversprechendsten Investitionsmöglichkeiten zu identifizieren.

Positive
  • Dayton, Ohio tops the list with below-average home prices and robust demand
  • Top markets saw 1.95x average page views per property compared to national trends
  • Home prices in top markets are 21.7% lower than the national average
  • Rental vacancy rates in top markets averaged 4.8%, below the national average of 6.6%
  • Investor activity has increased by 4.4 percentage points since 2019 in top markets
Negative
  • Rising home prices and mortgage rates present challenges for investors
  • Only a handful of markets from the South and West made the list due to affordability challenges and rising inventories

Insights

This report highlights significant opportunities for real estate investors, particularly in the Midwest and Northeast regions. The top markets, led by Dayton, Ohio, offer a compelling mix of affordability and growth potential. Key findings include:

  • Average home prices in top markets are 21.7% lower than the national average
  • Rental vacancy rates average 4.8%, well below the national 6.6%
  • Investor activity in these markets has increased by 4.4% since 2019

The shift towards these regions indicates a changing landscape in real estate investment. While traditionally popular Southern and Western markets face affordability challenges, cities like Dayton, Rochester and Cleveland are emerging as hidden gems. This trend could reshape investment strategies, potentially leading to increased demand and property values in these areas over time.

For investors, this data suggests focusing on markets with lower entry costs and steady demand. The combination of affordable prices and low vacancy rates in these top markets presents an opportunity for potentially higher returns on investment compared to more saturated, expensive markets.

Dayton, Ohio; Rochester, N.Y.; Cleveland, Ohio; Pittsburgh, Pa.; and Knoxville, Tenn., markets lead the top 5, offering strong returns from lower prices and steady demand

SANTA CLARA, Calif., Oct. 1, 2024 /PRNewswire/ -- Amid rising home prices and mortgage rates, savvy real estate investors can still find hidden gems in affordable metros across the country, with Dayton, Ohio, standing out as the top destination for property investment this year. Realtor.com® today unveiled a list of the top U.S. markets for real estate investment, showcasing opportunities for would-be investors in less obvious but highly promising markets, with the spotlight shining brightly on the Midwest and Northeast regions.

The top 10 in rank order include: Dayton, Ohio; Rochester, N.Y.; Cleveland-Elyria, Ohio; Pittsburgh, Pa; Knoxville, Tenn.; Albany-Schenectady-Troy, N.Y.; New Haven-Milford, Conn.; Buffalo-Cheektowaga, N.Y.; Grand Rapids-Kentwood, Mich.; and Columbus, Ohio.

"For buyers interested in investing in rental properties or other real estate, it's key to know which areas are both affordable and in high demand to be able to capitalize on any investment opportunities, especially with today's higher prices and rates," said Danielle Hale, chief economist at Realtor.com®. "With low vacancy rates and strong demand, the markets we've highlighted as top markets for investment opportunity offer a great mix of affordability and growth potential. These spots give aspiring investors a chance to tap into long-term growth and set themselves up for solid returns as the market shifts."

The top markets for real estate investment are noted for their affordability, low rental vacancy rates, rising rents and sustained buyer demand, making them prime candidates for investment. Realtor.com® research indicates that these markets saw nearly double (1.95x) the average page views per property compared to the national trends, with home prices an average of 21.7% lower than the national average, offering compelling value for investors.

Rental vacancy rates in these hotspots averaged just 4.8% so far in 2024, well below the national average of 6.6%, signaling a strong rental market with minimal property turnover. Furthermore, 13.8% of buyers in these markets were investors in Q1 2024, 1 percentage point below the national average, but up 4.4 percentage points from 2019 levels, reflecting a growing trend of real estate investment since pre-pandemic levels despite economic challenges.

Dayton, Ohio reigns supreme as the top investment hotspot
Dayton, Ohio topped the list for investment opportunity with its below-average home prices and robust demand, boasting a low 4.7% rental vacancy rate in early 2024. Investor activity has picked up over the past five years, with 13.7% of buyers in the first quarter being investors, just shy of the national average.

Other Midwest metros, such as Cleveland, Ohio; Pittsburgh, Penn.; and Grand Rapids, Mich. also offer strong returns for investors, thanks to their low prices and steady demand. Climbing home prices in these markets reflect sustained buyer interest, while relatively low home prices mean the typical monthly mortgage payment is lower than the U.S. average.

"As the rental market eases in many areas, the Midwest and Northeast stand out for their combination of affordability and stability," said Hannah Jones, Realtor.com® senior economic research analyst. "These regions offer investors a prime chance to secure steady rental income and tap into growing demand, making them attractive for both seasoned and first-time investors alike."

While Midwest and Northeast lead, South and West also hold opportunities
While the South and West have historically been popular regions for investors, recent affordability challenges and rising inventories have shifted focus to the more stable, growth-ready markets in the Midwest and Northeast, and only a handful of markets from the South and West made the list. Knoxville, Tenn., is the sole Southern city to make the list, while Fresno, Calif., and Albuquerque, N.M., stand out in the West as top investment spots for their notable demand and price growth, despite their higher home prices.

Top Investor Markets

Market

Rank

Geo Name

Region

Average
Page
Views
per
Property
vs U.S.

Median
Listing
Price

Median
Listing
Price YoY

Property
Count
YoY

Rental
Vacancy
Rate

2024Q1
investor
share

Typical
housing
payment


USA

USA

1

$427,000

0.4 %

9.7 %

6.6 %

14.8 %

$2,100

1

Dayton, Ohio

Midwest

2.09

$239,000

6.7 %

5.7 %

4.7 %

13.7 %

$1,200

2

Rochester, N.Y.

Northeast

2.93

$265,000

9.5 %

-5.2 %

4.5 %

14.7 %

$1,300

3

Cleveland-Elyria, Ohio

Midwest

1.97

$241,000

12.0 %

-9.4 %

4.3 %

17.4 %

$1,200

4

Pittsburgh, Pa.

Midwest

1.47

$246,000

10.9 %

0.9 %

6.3 %

13.7 %

$1,200

5

Knoxville, Tenn.

South

1.71

$469,000

5.4 %

23.8 %

4.0 %

14.0 %

$2,300

6

Albany-Schenectady-Troy, N.Y.

Northeast

1.47

$424,000

14.2 %

-6.6 %

3.1 %

12.4 %

$2,100

7

New Haven-Milford, Conn.

Northeast

2.60

$408,000

7.8 %

-13.4 %

2.4 %

13.6 %

$2,000

8

Buffalo- Cheektowaga, N.Y.

Northeast

1.62

$266,000

9.0 %

-2.0 %

8.1 %

11.8 %

$1,300

9

Grand Rapids-Kentwood, Mich.

Midwest

1.28

$409,000

6.3 %

-3.0 %

3.8 %

7.1 %

$2,000

10

Columbus, Ohio

Midwest

2.39

$381,000

6.6 %

7.6 %

7.1 %

19.4 %

$1,900

25

Fresno, Calif.

West

1.15

$460,000

5.3 %

-7.7 %

3.9 %

19.5 %

$2,300

33

Albuquerque, N.M.

West

1.04

$409,000

4.3 %

12.5 %

7.7 %

10.7 %

$2,000


Note: Fresno, Calif. and Albuquerque, N.M. included to represent the top-ranking metros in the Western region.

Methodology
The report analyzed Realtor.com® listing data and public data for the 75 largest U.S. metros. It used the 12-month average of listing prices, views per property, and housing stock, along with 2024 Q1 and Q2 vacancy data, to identify the top markets for real estate investment. The best markets were determined by a combination of high listing viewership, low home prices, significant price growth, growing inventory, and low rental vacancy rates.

About Realtor.com®
Realtor.com® is an open real estate marketplace built for everyone. Realtor.com® pioneered the world of digital real estate more than 25 years ago. Today, through its website and mobile apps, Realtor.com® is a trusted guide for consumers, empowering more people to find their way home by breaking down barriers, helping them make the right connections, and creating confidence through expert insights and guidance. For professionals, Realtor.com® is a trusted partner for business growth, offering consumer connections and branding solutions that help them succeed in today's on-demand world. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. For more information, visit Realtor.com®.

Media Contact
Sara Wiskerchen, press@realtor.com

 

Cision View original content:https://www.prnewswire.com/news-releases/realtorcom-unveils-the-top-markets-for-real-estate-investors-302263527.html

SOURCE Realtor.com

FAQ

What is the top market for real estate investment according to Realtor.com®?

According to Realtor.com®'s report, Dayton, Ohio is the top market for real estate investment in 2024.

How do home prices in the top investment markets compare to the national average?

Home prices in the top investment markets are, on average, 21.7% lower than the national average, offering compelling value for investors.

What is the average rental vacancy rate in the top investment markets?

The average rental vacancy rate in the top investment markets is 4.8%, which is well below the national average of 6.6%.

How has investor activity changed in the top markets since 2019?

Investor activity in the top markets has increased by 4.4 percentage points since 2019, despite economic challenges.

Which regions dominate the list of top real estate investment markets?

The Midwest and Northeast regions dominate the list of top real estate investment markets, with only a few markets from the South and West making the list.

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