MARKET & TRENDS
LOCAL MARKET MONITOR
HEALTHCARE JOBS
HOME PRICES (12 MONTHS)
HOME PRICE (THOUSANDS)
MONTHLY RENT
LOCAL MARKET MONITOR
PCT OF TOTAL
GROWTH (12 MOS)
Spokane, WA
19%
4.1%
12%
$266
$887
Lancaster, PA
18%
3.6%
5%
$218
$1,024
Milwaukee, WI
18%
3.4%
6%
$235
$901
North Port-Bradenton, FL
18%
3.3%
6%
$328
$1,258
Fort Wayne, IN
18%
3.1%
10%
$169
$769
New Haven, CT
28%
2.7%
2%
$236
$1,153
Providence, RI
21%
2.7%
5%
$294
$942
Asheville, NC
19%
2.6%
6%
$284
$929
Syracuse, NY
20%
2.5%
3%
$164
$852
Springfield, MA
21%
2.4%
5%
$231
$938
Deltona-Daytona Beach, FL
20%
2.0%
6%
$229
$1,096
Provo, UT
21%
1.8%
10%
$300
$1,067
Winston-Salem, NC
22%
1.8%
6%
$202
$756
Springfield, MO
19%
1.3%
6%
$166
$755
Healthy Returns HOW REGIONAL SERVICE MODELS ARE AFFECTING REAL ESTATE.
Hartford, CT
18%
1.3%
3%
$223
$1,102
Source :: Local Market Monitor, 2019
percent of all local jobs, and the number of those jobs grew at a fast clip in the past year. The good increase in home prices in these markets in the past year (except in Hartford, Syracuse and New Haven) also means that demand for housing (single-family and rental) is strong.
With a few exceptions, these aren't sexy investment locales, but they're likely to give you healthy investment returns for many years. "Our Investors Metro Mon- itor shows you the risks and opportunities in 200 mar- kets across the country, at www.LocalMarketMonitor.com." •
Ingo Winzer is president of Local Market Monitor, which analyzes conditions in 300 U.S. markets, using such economic data as home values and growth in em- ployment and population. Winzer, who
by Ingo Winzer
he U.S. economy keeps evolv- ing toward a regional ser-
isn't otherwise compelling. You'll want to locate properties that are close to hospitals, medical offices, or (sometimes) a medical school. Look at these 15 markets. Healthcare provides around 20
cially true with healthcare, which is increasingly complex and is most efficient when clustered together. Regional healthcare centers there- fore are an attractive place to invest in rentals, even if the local economy
T
has analyzed real estate markets for more than 20 years, was a founder and executive vice president of First Research, an industry research company that was acquired by Dun & Bradstreet in March 2007. He is a graduate of MIT and holds an MBA in finance from Boston University. Winzer resides in Cambridge, Mass.
vice model, where urban centers concentrate certain specialized services that are available to a wide regional population. This is espe-
78 | think realty housing news report :: october / november 2019
thinkrealty . com | 79
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