BYTHE NUMBERS
LOCAL MARKET MONITOR
Healthy,Wise—andWealthy DEVELOPERS STAND TO PROFIT FROM THE IMPACT OF HEALTH CARE AND EDUCATION-COST REFORM.
by Ingo Winzer
he policies of the incoming ad- ministration are certain to result in some type of health care insurance reform and some type of action on col- T
they’re likely to prosper under new poli- cies. Big Health Care and Big Education will get bigger, a development investors can profit from. •
private universities will paradoxically have even higher standing as the qual- ity of public universities degrades, as happened in California. And any health care re-
lege costs. You might think, therefore, that local markets with lots of jobs in health care and education will be poor risks for investments in rental properties. But the opposite is probably true. Pressure on college costs will be felt mainly by public
form will most likely affect small health care provid- ers more than the large, urban institutions that already serve as regional health care centers. Our Top 10 list shows markets with a high percent-
IngoWinzer is president of Local Market Monitor, which analyzes conditions in 300 U.S. markets, using such economic data as home values and growth in employment and population. Winzer, who 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 Univer- sity. Winzer resides in Cambridge, Mass.
age of jobs in health care and private education. Not only are they safe bets for investments in rental properties,
universities and by small schools with little name recognition. Well-known
www.localmarketmonitor.com
3-YEAR POPULATION GROWTH (%)
LATEST JOB GROWTH (%)
JOBS IN HEALTH- CARE/PRIVATE EDUCATION (%)
2014 POPULATION
AVG. HOME PRICE (000)
AVG. MONTHLY RENT
LATEST HOME PRICES (%)
LOCAL MARKET MONITOR
930,473
$252
1
$1,059
2.1
4
24
Worcester, MA
1,966,530
$371
3
$1,422
2.0
6
22
Boston, MA
571,460
$237
6
$1,112
3.3
8
21
Provo, UT
542,710
$257
5
$958
2.6
5
21
Durham, NC
609,939
$180
5
$1,074
4.9
9
20
Deltona-Daytona Beach, FL
523,552
$266
2
$1,020
1.7
6
19
Portland, ME
2,785,874
$272
2
$1,282
2.0
3
19
Baltimore, MD
1,004,516
$192
2
$904
2.0
5
17
Tucson, AZ
1,027,703
$166
3
$913
2.6
8
17
Grand Rapids, MI
719,876
$241
1
$1,194
2.1
3
17
Wilmington, DE
Source :: Local Market Monitor
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