Some Hot Investment Markets in 2022

Sioux Falls South Carolina

Nicknamed the “Best Little City in America,” Sioux Falls has attracted a spotlight for its low cost of home remodeling and relatively low median home value ($183,500.) Due to the city’s lack of a state corporate income tax, Sioux Falls is home to many notable financial companies and has a robust regional healthcare industry. A great quality of life and an impressive 8.8 percent increase in home values in just one year, making this location one full of promise.

Pittsburgh Pennsylvania

Pennsylvania offers great investment opportunities in general with high house flipping generating high returns on investment, but Pittsburgh is a city that really stands out in this state. Investors can expect to find cheap properties here that will generate great profits. The city is a growing market, making Pittsburgh a top market to flip houses in 2021.

Ocala Florida

Florida served as the centerpiece for flipping houses. As home values in the state rose by 7.5 percent in just one year, Ocala’s values remained 30 percent below peak prices. Ocala, a small city located in Northern Florida, accounted for eight percent of all sales. For real estate investors, Ocala generated a 73.9 percent return on investment (ROI).

Missoula Montana

Missoula is known for the surrounding wilderness and outdoor areas, which has attracted tourists and permanent residents alike. The town is also home to a growing restaurant and music scene, adding to its charm. According to Zillow, the average home price is around $347,838, with a 6.3 percent year-over-year increase. The same report showed the median rent to be around $1,450, which was a promising opportunity for house flippers looking to rent out finished properties.

Rapid City South Dakota

This is the second South Dakotan city to make the list of best house flipping markets in 2020. One of the reasons the city is so attractive to residents is because it is within an hour’s drive of six national parks and monuments. It was so attractive to investors because of the home value and market conditions. Rapid City has a median home value of $212,403, which was expected to rise over the next few years. Investors who can find a fixer-upper at a great price can take advantage of these market increases.

Tampa Florida

Tampa Bay is a hotbed for millennial homebuyers. The area, which saw a 65% surge in homes purchased by millennials since 2014, has become a dreamland for house flippers. Home flips accounted for a whopping 7.4 % of all home sales. The area delivered a 57.2 percent return on their investment for investors.  REaltyTrac ranked Tampa fourth for flipping volume and sixth for flipping returns nationally

Smart Real estate investors are always on the lookout for the best new investment opportunities in the investment real estate markets.  If you are or have been considering  investing in real estate, below are just a few local markets that would be a good starting point to invest in .  It would be wise to engage with local realtors and wholesalers to discuss your investment plans and use them for their local expertise and market information.

While seeking your investment properties, try to locate investment properties that are located near either key business markets, transportation or hot vacation markets.   The larger job markets in the state are typically located in the larger metro markets.  There are also massive opportunities for vacation rentals in areas where people vacation..VRBO and Air BnB  vacation rental strategies.

Kissimmee Investment Opportunities
Kissimmee should top your list as a great place to buy, renovate and sell your rental home.  With more renters in Kissimmee than homeowners it certainly does make sense to add a few rentals to your investment portfolio, especially ifyou can secure a good cape rate.  But, with the average home  prices moving upward year after year, you could also realize nice returns if you should decide to sell.  Either way, the number of people who want to rent or buy in Kissimmee should easily go up in 2020. The number of residence here grew more than 23% between 2010 and 2018 and continue to rise through 2021.