Best States to Buy Rental Investment Property 2024<\/p><\/div>\n
We assessed over 50 metrics across US cities and states to determine 2024\u2019s optimal rental housing markets. Key selection criteria included:<\/p>\n
\n- Low Unemployment<\/strong>\u00a0– Employed tenants more likely to pay rents consistently<\/li>\n
- ** Rising Wages** – Higher incomes support elevated rents to tenants and investors<\/li>\n
- Affordable Pricing<\/strong>\u00a0– Reasonable property values relative to rents in market<\/li>\n
- Millennial Driven<\/strong>\u00a0– America\u2019s largest adult cohort needs apartments and first homes<\/li>\n
- Business Friendliness<\/strong>\u00a0– Employer and taxpayer friendly climates attract residents<\/li>\n
- Future Growth<\/strong>\u00a0– Economists predict above average expansion ahead<\/li>\n<\/ul>\n
Markets excelling across these demand drivers should sustain smooth occupancy and cash flows for landlords. We also favored state income tax friendly locales for higher net yields.<\/p>\n
<\/span>Top 10 States to Buy Rental Properties 2024<\/strong><\/span><\/h2>\nBased on extensive market analytics, we predict these 10 states providing investors the best prospects to procure and profit from rental properties in 2024:<\/p>\n
<\/span>1. Tennessee<\/strong><\/span><\/h3>\nMajor cities like Nashville and Memphis and smaller ones like Knoxville and Chattanooga feature prominent education and healthcare sector job creators. A popular southern destination for corporate expansions promises more growth ahead. Reasonable property valuations compared to rents persist, especially targeting Class B\/C apartments and single family rentals.<\/p>