The Midwest, or America’s Heartland, is a patchwork of big city centers of commerce and small-town farming sectors. With the area—comprised of Indiana, Illinois, Iowa, Ohio, Missouri, Minnesota, Wisconsin and Michigan—falling on the low end of average housing prices by state, buying here offers a strong return on investment. You won’t find a better place to invest in whether you’re just starting to build your portfolio or looking to expand. The Midwest’s real estate market is one to consider for some of the best investment opportunities around. Here’s just a look at six of the hot spots.
Indianapolis, IN
Indianapolis is Indiana’s largest and wealthiest city. With so much to offer, this market is ripe for picking. Properties here have low prices and high rental rates making it a strong contender for acquiring profitable investments. Indianapolis is a buyer’s market with the overall housing inventory in the city large. Now is the time to invest with the potential of home values increasing by 7% by the end of the year. This is a market opportunity you shouldn’t miss out on. It’s even better for As an added bonus, Airbnb investors are protected from any state-wide regulations or bans due to a short-term rental operators bill passed in 2018.
Cleveland, OH
The city, situated on the shores of Lake Erie has experienced a renaissance in the last decade including a consistent yearly increase of home sales. In addition, more than half of the cities real estate is occupied by renters. Currently it has made its mark as one of the strongest real estate markets in the area. It has been rated as the #1 City to Buy and for Best Rental Return and the #4 City Where Your Paycheck Will Go the Furthest. Forbes has rated it #5 on its list of hottest markets nationwide. But the city is competitive, sometimes
new listings only lasting a few hours on the market, so you have to move fast in order to take advantage of the great opportunities here.
Kansas City, MO
Kansas City, names as one of the Top 10 housing markets, it makes the list due to its passive income potential and many equity growth opportunities. Although rental prices are going up here, more affordable listings are still available, some even below the median property price found in the city. Being the largest city in the state and spanning the Missouri and Kansas state lines, the real estate market in the city is defined by growth and demand.
Columbus, OH
Don’t think twice about investing in Columbus, OH you might just miss out on some of the best deals you’ll run across. Ohio’s capital city is an emerging market and heading toward becoming the most profitable market not only in the Midwest, but in the entire country. To give you an idea of how strong the housing demand is here, despite a constant increase in construction, inventory remains low. According to Forbes, Columbus is a “rare Midwest success story that has begun to grow again.” As a real estate investor you want to be a part of that regrowth. Don’t miss out.
Minneapolis, MN
Minneapolis can be considered of a gem for new real estate investors as it often goes unnoticed despite having great return on investment potential. One of the greatest perks of investing in Minneapolis is its low vacancy rates, touting some of the lowest in the nation. Investing here continues to be stable and a reliable market.
St Louis, MO
The best reason to invest in St. Louis is that the real estate is affordable. And because the market is stable, more and more real estate investors are turning their attention to the city that has been nicknamed “the Gateway to the West.” The reason: Because the renters amount to about 32% of the housing market—a figure which is only expected to increase over time. Like Indianapolis, St. Louis is another great place for Airbnbs. The city has strong roots in the industry after undergoing a resurgence that saw scores of new cultural, recreational and entertainment options that are sure to draw in a plethora of visitors.