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Where Are the Best Cities for Real Estate Investment?

Due to the explosion of real estate prices over the past few years, more are looking to diversify their investments by expanding into real estate. But not all real estate properties are a sound investment; those looking for the best “bang for their buck” must balance real estate prices with taxes, vacancy rates, insurance, and the list goes on. 

As such, Policygenius [1], an online insurance marketplace, has curated a list of the top places investors should seek due to their attractive climates for investors. 

Using data from Zillow and the U.S. Census Bureau, Policygenius analyzed the top-600 metropolitan areas using six metrics to find the most attractive cities to invest in. The categories include: home value, home value appreciation, effective property tax rate, rent to home value ratio, rental vacancy rate, and rent to income ratio. 

The top-10 cities that Policygenius found are as follows:

1. Youngstown, Ohio

2. Detroit, Michigan

3. Spring Hill, Florida

4. Pueblo, Colorado

5. Birmingham, Alabama

6. Cleveland, Ohio

7. Colorado Springs, Colorado

8. Lehigh Acres, Florida

9. Palm Bay, Florida

10. Phoenix, Arizona

To view a comprehensive list of Policygenius’ findings, click here [2].