Real estate investing is a tricky business. Not only do you need to get the timing right, but you also need to invest in the right location. This includes knowing whether the neighborhood is thriving, on the verge of a massive revitalization, or if its properties have reached their peak. While savvy investors can make money in all three scenarios, for most people the best pick is the sure thing. With that in mind, here is our list of the ten best neighborhoods in the country to look for solid returns in real estate.
10. Windsor Park Austin, Texas
At the heart of red state, Texas is a deep-blue city, Austin. The state capital is also a booming town for tech companies and has a great food scene among other things. While there are several great neighborhoods in this town, the best of the best is Windsor Park. Located to the northeast of the University of Texas campus, this neighborhood outshines all other neighborhoods when it comes to returns and this is a big plus if you are an investor.
9. Altamonte Springs Orlando, Florida
While metro-Miami tends to steal most of the headlines when it comes to real estate in Florida, the truth is that Orlando is one of the better places to invest. Not only is the economy booming in the Orlando area, but the demographics of the town are changing. One of the best neighborhoods in the area is Altamonte Springs. This suburban city combines the best of a small town while being close to the big city. By the way, the returns are quite attractive as well.
8. Grant Park Atlanta, Georgia
Atlanta is an amazing city and one of the best neighborhoods in the city is Grant Park. While other neighborhoods in the city are getting near peak valuation, investors believe properties in this neighborhood can deliver solid returns. Grant Park homes offer a touch of history and convenient location at the heart of Atlanta. If you are looking to purchase and sell your home, finding an experienced property management company will help you increase your chances of choosing the right home.
7. The Art District Las Vegas, Nevada
While it is hard to win big in the casinos, Las Vegas real estate is close to a sure thing. The city is not just The Strip; there are several other neighborhoods with outstanding returns. One such neighborhood is The Art District. This neighborhood offers a mix of eclectic coffee shops, art galleries, and some tremendous loft spaces. So, if you are an investor, you should check it out.
6. East Salem Salem, Oregon
Forget Stumptownsmart investors are setting their sights on Salem. While it is very hard to pick the best neighborhood in this city, East Salem probably offers the best bang for the buck.
5. Mahncke Park San Antonio, Texas
Halfway through the list, and the profits keep rolling in when it comes to real estate investing in Mahncke Park. Granted Alamo Park and Government Hill tend to get most of the press, but this tight-knit neighborhood offers great values, which will serve you well in the long-term.
4. Ivywild Colorado Springs
Colorado is so much more than Denver and if you are an investor, then you need to consider the Ivywild neighborhood of Colorado Springs. While this neighborhood was in decline for a long time, it is making a comeback and if you are looking for real estate returns in Colorado Springs, then this is the neighborhood for you.
3. Eastmark Mesa, Arizona
One string which ties many of these neighborhoods together is a vibrant tech community. The Eastmark neighborhood of Mesa, Arizona is no different. Apple is moving much of their operations close by and there are several other high-tech and research jobs to be had. What does this mean? Real estate values are set to skyrocket.
2. Arlington Jacksonville, Florida
This city in Floridas northeast is thriving. It is fast becoming a logistics center for the entire Southeastern U.S. and a number of specialty manufacturing companies are moving into the area. The military also has a big presence in the city as well. When looking for the best neighborhoods, you should consider Arlington. The area is one of the first places settled by Europeans in the country and today it offers a great mix of history, suburban charm, and proximity to downtown Jacksonville.
1. Sugar House Salt Lake City, Utah
Located to the southeast of downtown SLC, Sugar House features a large park and a trolley which runs into the city center. While the neighborhood had been run-down, it is making a comeback in a big way. This has brought families back into the neighborhood and with them the real estate returnsdont take our word for it, check it out for yourself.