The real estate market has been known to fluctuate quite a bit from state to state. While it may not seem important to know about how the real estate market acts in different states, it is important for both current of future homebuyers, as well as real estate investors, to know about and understand. As we get ready to wrap up the end of 2018, let’s examine the top states for real estate investing right now.
With an affordable cost of living and a modest population of 6.6 million people, Indiana is a great place to invest in real estate. The homes continue to be the lowest average property prices in the United States and are backed by a strong housing market.
Mississippi is a great state for real estate investing for a couple of reasons. To begin, the state has the lowest cost of living in the United States, making it a lucrative market when looking to purchase properties for investment purposes. According to CNBC, the national median price to purchase a home sits around $275,000. In Mississippi, the average price to purchase a home is approximately $191,000, making it an attractive option for investors who are looking to purchase cheap homes.
In recent years, Idaho has seen significant growth in home values across the state, making it one of the best states to invest in real estate. The prices have remained affordable in Idaho to purchase homes. When combined with increasing home values, the real estate market will likely remain strong moving forward.
Like Mississippi, Missouri’s cost of living is much lower than the national average, which can make the real estate market an appealing option to invest in. According to the Missouri Economic Research and Information Center, the average cost for a home in Missouri stands around $202,000, making it significantly lower than the national average.