Top Cities for Single-Family Investment Properties

By Heather Taylor0 Comments

A recent report from HomeUnion lists the cities it says are the best for single-family property investment. At the top of the list: Cleveland.

The report measured single-family home value appreciation in the first quarter of 2017, as well as return on investment. Investment properties in Cleveland averaged an 11.5-percent return on investment during that time period.

Rounding out the top 10 cities on the list were:
  • Cincinnati
  • Columbia, SC
  • Memphis, TN
  • Richmond, VA
  • Oklahoma City
  • Indianapolis
  • St. Louis
  • Pittsburgh
  • Philadelphia
Most of the cities are either located in the Midwest or former manufacturing locations and have affordable houses on the market, noted in its analysis of the report.

On the opposite end of the list, these cities were identified as the worst places for single-family home investing in the first quarter of 2017:
  • San Francisco
  • Silicon Valley's San Jose, CA
  • Orange County, CA
  • Los Angeles
  • San Diego
  • Seattle
  • Sacramento, CA
  • Salt Lake City
  • Oakland, CA
  • Portland, OR
A commonality for these cities: they’re on the California coast and/or in the Western United States.

If you’re looking to take advantage of single-family real estate investments, you might consider your retirement account as a funding source. A self-directed retirement account allows you to invest in a variety of assets, including real estate.

Learn more about self-directed accounts by scheduling a free consultation with an Equity Trust Senior Account Executive.