Don’t shoot the messenger!
Buying a house is still a relatively safe investment. Even if you don’t make a killing on a property when you sell it, you’ve at least made it a home for a number of years — and you likely won’t lose money from the sale.
Some real estate investments, however, have proven to be far more than safe. If you had invested in these cities 20 years ago — assuming you’ve paid off your home — you’d be sitting on a goldmine.
Using the following data from Zillow, GOBankingRates compiled a list of the 20 best cities to invest in real estate:
- Median home price: Based off of the actual median listing price from the given area as of March 2019.
- Median home value: Based off of Zillow’s estimate of the home values from the given area in March 1999 and March 2019.
- 5-year rental income: An average of Zillow’s median rent prices per month from March 2014 to March 2019.
If you could go back in time, these cities would have been the best places to buy a house. Find out where you could have made a killing in the real estate market if only you had known better.
Thank you GoBankingRates – Click here for the complete article