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Top 10 U.S. Cities for Rental Investment Properties in 2020

Posted By Paul Xumsai on January 20, 2020 in Investments

Looking to invest in some rental properties? New analysis from TurboTenant shows that the Midwest and East Coast have some of the biggest cities to cash in.

The report starts with 150 locations in the United States, then narrowed down to 31 cities with worth investing.  Here is their Top 10:

 1. Reading, Pennsylvania

Increase in home values: 11.1%
Median sales price: $140,000
Average rent (for a two-bedroom): $957

2. District Heights, Maryland

Increase in home values: 0.4%
Median sales price: $252,000
Average rent: $1,408

 3. Allentown, Pennsylvania 

Increase in home values: 19%
Median sales price: $145,000
Average rent: $1,063 

4. East Orange, New Jersey

Increase in home values: 10%
Median sales price: $273,000
Average rent: $1,534

5. Nashua, New Hampshire

Increase in home values: 4.5%
Median sales price: $283,000
Average rent: $1,524

6. Cincinnati, Ohio 

Increase in home values: 3.1%
Median sales price: $163,000
Average rent: $1,048

7. Paterson, New Jersey

Increase in home values: 11.9%
Median sales price: $268,000
Average rent: $1,614 

8. New Castle, Delaware

Increase in home values: 8%
Median sales price: $188,000
Average rent: $1,884

9. Rochester, New York

Increase in home values: 5.6%
Median sales price: $136,000
Average rent: $1,126

10. Hyattsville, Maryland

Increase in home values: 0.4%
Median sales price: $279,000
Average rent: $1,982

 

The Best Places to Buy a Rental Investment Property in 2020

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