In a Buying Mood for Property? Look to the West

NEW YORK, Oct. 17, 2017 /PRNewswire/ -- So, you've got some cash lying around, and you're thinking of investing in property. Where can you score the best deal - and the best return on your investment?

Colorado tops the list for a variety of reasons: Homes there typically sell in fewer than 30 days; its property taxes are one of the lowest in the country; and the state ranks second in median income growth over the last five years – to name a few. Colorado is followed by Utah, Idaho and other western states, as well as Tennessee, Texas and North Dakota. Surprised?

You'll find the complete list here:

The U.S. housing market has significantly recovered from the infamous 2008 crash. Median sales price of new homes has skyrocketed over 50 percent (according to U.S. Census Bureau Data), climbing as high as $310,800 -- just eight years after dipping as low as $205,100.

If you're looking to invest, now may be the time to go all in as the housing market continues to reward long-term investors with handsome profits. 

Fit Small Business, an online publication serving small business owners, compiled publicly available data from heavyweight sources such as the Bureau of Labor Statistics, Census Bureau and the National Association of Realtors, and analyzed it in order to give you a definitive and comprehensive ranking of the best states to buy an investment property.

"If you're looking to invest in the housing market, Horace Greeley said it best many years ago: 'Go West, young man'," says David Waring, Editor-in-Chief, Fit Small Business. He adds: "Statistics on the housing market abound, however, like all of our analyses, we base our methodology on numerous metrics across ten solid categories, then we analyzed that data, and determined what became the most comprehensive list available to people looking to find the best states to buy an investment property."

Rounding out the Top 10 States to Buy an Investment Property:

1. Colorado
2.  Utah
3. Idaho
4. Oregon
5. Tennessee
6. Texas
7. Arizona
8. Nevada
9. North Dakota
10. Washington

In ranking each state, Fit Small Business selected ten categories that influence a state's housing market and the returns that an investor is likely to get.  These categories include:

1. Median days on the market
2. Job growth
3. Price to rent ratio
4. Median income growth
5. Labor costs
6. Appreciation in home prices
7. Property taxes
8. Average listing price
9. Population growth
10. Premium on homeowner's insurance policy

About FitSmallBusiness.com:

With a rapidly growing monthly readership of 800,000. Fit Small Business is an online publication devoted to helping small business owners.  Its full-time staff of writers spends hours of research, data analysis, and interviews with industry experts to answer the questions that owners want in order to run a successful small business.com

For more information, please contact:

Sarah Johnson

Public Relations, Fit Small Business

Email: [email protected]

Phone: 917-864-6355

SOURCE FitSmallBusiness.com

Related Links

http://FitSmallBusiness.com

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