The Best College Towns to Buy an Investment Property Revealed
Investing in a property near to a good school or college has many advantages, including good and stable rental prices and a constant source of tenants. Below are some of the best college towns to invest in property as well as the facts and figures of most interest to potential investors.
Cleveland, Ohio
Properties surrounding Case Western Reserve University (tuition and fees of $46,006 per semester) have a median list price of $216,000. Over the last few years Cleveland has earned a reputation as a comeback city with billions invested in its infrastructure and investment making it a perfect investment location, particularly in the area immediately around the university.
Pittsburgh, Pennsylvania
With average property prices of $165,000, Pittsburgh is an ideal investment area for those who have the beginnings of an investment portfolio, but are not ready to commit to a more expensive market. The University of Pittsburgh serves as a central hub, around which there are endless opportunities for property investment.
photo Alina Ku-Ku via Shutterstock
Rochester, New York
At the lower end of the price spectrum is Rochester. New York is home to the greatest range of property values in the United States, from upmarket Manhattan to downtown Harlem. However, the city is never short of investment and conditions are improving just about everywhere, Rochester represents the middle of the diverse New York market with the University of Rochester at its heart.
Houston, Texas
With median price properties of $239,900 in the area around Rice University, Houston is an ideal location for those looking for 1031 investment properties. Rice University is internationally renowned, drawing students from across the globe. This creates a rich and diverse marketplace ripe for a safe investment.
Atlanta, Georgia
The Georgia Institute of Technology is another world renowned institution and the local house prices reflect this, averaging $235,000. Owing to Atlanta’s reputation as a liberal bastion in an otherwise largely red state, it has a thriving student population and is perfect for investors seeking a young and energetic marketplace.
Baltimore, Maryland
John Hopkins University is not only highly regarded, it is also among the US universities with the most history behind it. Baltimore is an area which has seen significant investment and improvements in the last decade. While property prices still remain low at an average of $154,900, they are on the rise, giving Baltimore everything an investor could hope for.
Columbus, Ohio
Properties in the vicinity of Ohio State University command an average price of $155,000 and with tuition costs of $28,229 per annum Columbus is a perfect investment opportunity for new investors. Get in quick, however, as Columbus is already attracting significant investment and prices are set to rise.
>All across the United States, there are bargains to be had. For investors, new and old alike, college towns represent a unique and safe market. First time investors should particularly consider college towns at the lower end of the price spectrum as these represent the lowest risk in all regards.
Author: Carol Trehearn
