Top Real Estate Markets for Out-of-State IRA Investors

Where have out-of-state purchases increased over the years?

Some states have seen more long-distance purchase activity these past five years compared to the previous five years. Maine’s out-of-state real estate investor activity increased nearly 33 percent over the previous period. As shown above, all of the properties purchased in Equity Trust accounts in Maine in 2022 were purchased by out-of-state investors.

Biggest Increase in Out-of-State Purchases

According to Equity Trust clients’ real estate purchases in their self-directed accounts

State / Growth in out-of-state purchases: 2018-2022 vs. 2013-2017

1. Maine – 32.8%
2. District of Columbia – 22.7%
3. Massachusetts – 22.5%
4. Oklahoma – 21.6%
5. New Hampshire – 19.2%
6. Idaho – 13.7%
7. Vermont – 13.6%
8. Wyoming – 12.1%
9. Mississippi – 11.5%
10. South Carolina – 11%

Where has out-of-state investing activity decreased over the years?

The Self-Directed Real Estate Market Report also reveals where out-of-state investors have decreased their purchasing in the past five years compared to the five years before that.

Biggest Decrease in Out-of-State Purchases

According to Equity Trust clients’ real estate purchases in their self-directed accounts

State  / Decline in out-of-state purchases: 2018-2022 vs. 2013-2017

1. Nebraska –  -57.6%
2. Connecticut –  -53%
3. North Dakota –  -33.3%
4. Colorado –  -22.8%
5. Hawaii –  -22.7%
6. Louisiana –  -19.6%
7. Montana –  -16.4%
8. Iowa –  -14.8%
9. Delaware –  -12.3%
10. Nevada –  -10.2%

See more real estate investing data: 2023 report out now

Access the 2023 Self-Directed Real Estate Market Report to dive into more real estate data, including:

•  States with the highest and lowest purchase prices in 2022
• Hottest markets for out-of-state buyers
• How home prices have trended over the years for Equity Trust investors vs. the national average
• Whether investors prefer rehabs, rentals, or flips as their go-to strategy
• Much more

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Compare data from previous years

See more details on out-of-state investors from a previous year’s report:

2020 

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