BYTHE NUMBERS
LOCAL MARKET MONITOR
Flexible Flyers THERE’S NO MARKET YOU CAN’T INVEST IN SUCCESSFULLY IF YOU USE THE RIGHT STRATEGY.
by Ingo Winzer
T
he period of easy investing in low- cost rental properties is
markets, so you can still find good opportunities in these markets without having to risk your shirt.” •
decide to do so in a few years.
Our Top 10 markets are of medi- um size - small enough to offer low-priced opportunities but big enough to provide exit liquidity. A key attraction is that all have a growing healthcare sector, which these days is like an anchor tenant that produces renters directly and indirectly. Big investors overlook smaller
over, but the underlying forces that have encouraged more people to rent are still in operation. This means you can make an investment in markets that on the surface have higher risk - and therefore offer higher returns - but retain the flexibil- ity to exit with no equity loss if you
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 employ- ment 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 University. Winzer resides in Cambridge, Mass. www.localmarketmonitor.com
LATEST ANNUAL JOB GROWTH (%)
2017 POPULATION
UNDERPRICED VS INCOME
3-YEAR HOME PRICE FORECAST
AVG. HOME PRICE (THOUSANDS)
AVERAGE MONTHLY RENT
LOCAL MARKET MONITOR
312,409
-32%
13%
$167
$801
1.3
Green Bay, WI
454,143
-27%
19%
$192
$1,034
2.2
Visalia-Porterville, CA
741,065
-23%
19%
$172
$820
2.1
Greensboro-High Point, NC
243,513
-22%
20%
$185
$849
3.6
Sioux Falls, SD
580,270
-22%
14%
$173
$862
1.8
Augusta, GA
216,080
-21%
14%
$181
$1,030
1.5
Tyler, TX
599,789
-20%
14%
$187
$886
1.3
Des Moines, IA
211,853
-13%
21%
$195
$841
2.7
Rochester, MN
271,124
-13%
23%
$188
$872
1.9
Kennewick-Richland, WA
819,743
-9%
27%
$281
$1,226
2.7
Tacoma, WA
Source :: Local Market Monitor
108 | think realty magazine july :: august 2017
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