RealWealth, which describes itself as an education company that identifies markets worth investing in, recently published a list of the best U.S. cities to buy rental property.
“The best cities to invest in have three factors in common: job growth, population growth and affordability,” Kathy Fettke, RealWealth’s co-founder and co-chief executive, wrote in a blog post.
“When you find a market that has all three, you’ll probably be able to find good investment opportunities for both cash flow and appreciation.”
Fettke noted that these factors exist in several cities, where a purchaser can buy high-cash-flow rental property at prices that are relatively low — in many cases, in the $150,000-to-$200,000 range.
To identify the top cities for its 2022 list, RealWealth’s data source team tapped the U.S. Census Bureau, Zillow and the Department of Numbers. From the cities they identified, we’ve ranked the top 15 based on average monthly rent.
See the gallery for the best cities in the U.S. to buy rental property this year, according to RealWealth.