A recently completed study has identified the top 10 real estate markets in the nation for investors. Based on national statistics Salt Lake City is ranked 7th in the nation!
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A combination of factors make Salt Lake City an excellent location for investment properties. What makes Salt Lake so good?
- We have a high affordability rate for homes (it is a great time to buy).
- There is a supply of foreclosures which are great deals!
- We have a high population growth which means the projected return on investment is high.
- Our unemployment rate is already below the national average, and it is improving faster than most of the nation.
- Living in Salt Lake City also has a relatively low cost of ownership-to-rent ratio.
Those who have been investing in real estate for a long time, as well as those who are looking to purchase their first investment property, are seeing huge advantage to buying homes right now. If you want to take advantage of the prime conditions, and increasing numbers of renters, Salt Lake City is a great place to be.
About the Author:
Utah Dave - Daybreak Neighboorhood Expert and Local Resident
My friends nicknamed me Utah Dave in high school because they said it didn't matter where we went in Utah, I would know how to get there and who we needed to talk to. The name sticks today as UtahDave has formed into a professional real estate network of Neighborhood Experts all across the state. I live in Daybreak with my wife and 4 amazing children. I enjoy dancing (which is how I met my wife Dawn) as well as traveling, coaching, and learning.
