Markets & Properties
Baltimore
Why invest in Baltimore?
- Baltimore is one of only a few real estate markets that can produce an 8%+ cap rate on a quality 100K+ single family rental property.
- Baltimore rents have been increasing year on year. (Realtor.com)
- Home prices are still below the pre-recession peak (FHFA.com) meaning you can still buy low and rent high to achieve optimal price to rent ratio.
- Over 50% of residents in the city of Baltimore rent compared to the national average of 36%.
- Baltimore was named one of the ‘Top 5 Best US Cities to find work’ (Careerist.com).
- Unemployment below the national average (BLS.gov) combined with high rental demand produces a substantial pool of qualified tenants.
- Baltimore has experienced an 8.3 percent increase in home sales prices since 2018 (Redfin) and there is room for continued growth.
- Median household income in Baltimore MSA is 30% higher than national average (Census.gov).
The impact of Washington, D.C. on Baltimore’s housing boom:
- In 2016 Washington DC joined the list of the 20 most expensive major metro markets in the United States. (Trulia)
- Large pool of government employees working in Washington and the surrounding area creates rental demand.
- Baltimore is conveniently 40 miles away from D.C. (45 minutes by train) and is significantly less expensive.
Harrisburg
Why invest in Harrisburg?
- Harrisburg is the capital of Pennsylvania with a metro-area population of 574,700 and sits on the Susquehanna River.
- Just east of the city, Hersheypark is a chocolate-themed park offering rides and entertainment.
- Top Industries in Harrisburg include Health care, Technology and Education and is home to major corporations including Tyco Electronics Corp., IBM, Hershey Foods, Harsco Corp. and Rite Aid Corp.
- Harrisburg’s unemployment rate is 3.4% (2019) vs the national rate of 4.7% (pre-pandemic data) and has steady annual job growth of 1.2%.
- Harrisburg is ranked #7 in the top 10 housing markets for 2021 (Realtor.com). Median home price is $262,000, Projected home price increase: 3.8%, Projected increased sales: 14.4%, Projected combined sales and price growth: 18.2%.
- Harrisburg’s Cost of living is 9% below the national average (Forbes). This leads to market stability, making it attractive for investors.
- The State is one of Harrisburg’s largest employers further adding to the region’s stability.
Indianapolis
Why invest in Indianapolis?
- Indianapolis, known as “Indy” is the capital of Indiana with a population of 876,862 (2018).
- Major industries include Pharmaceuticals, Insurance, Aerospace and Aviation. Indy is also home to major corporations including Cummins, Anthem, Eli Lily and State Farm Insurance.
- Indy’s unemployment rate is 3.6% (2019) vs the national rate of 4.7% (pre-pandemic data) and has steady job growth adding nearly 23,000 jobs in 2018.
- Home prices rose 7.4% in 2019 ranking Indy #8 out of the top 100 MSA’s in America (FHFA House Price Index).
- Indy’s cost of living index is below the national average and 33% below New York City. This leads to market stability, making it attractive for investors.
- Home to the Indianapolis Colts (NFL) and Indiana Pacers (NBA) and Indiana Fever (WNBA). It is also home to the world renowned “Indy 500” motor race held each May.
Kansas City
Why invest in Kansas City?
- Largest City in Missouri.
- Population Metro KC: 2,176,440 and has grown 9.88% since 2010 (source: World Population Review).
- Significant economic growth: Cerner Corporation and Warren Buffet’s BNSF Rail investing $5+billion and attracting 15,000+ new employees.
- KC exceeds the national average of renters to owners – 45% vs the national average of 36%.
- KC’s unemployment rate is 4.6% vs the national rate of 4.7% (pre-pandemic data).
- KC job growth increasing at 1.5% per year.
- Average annual home price appreciation is 4.3%.
- Missouri has the fourth-lowest cost of living index in the US. The housing cost index is the second-lowest in the US (source: World Population Review).
- Home to the World Champion NFL KC Chiefs football team and former World Champion MLB KC Royals baseball team.
- World renowned for its BBQ and Steaks, direct from the Kansas City Stockyards.
Philadelphia
Why invest in Philadelphia?
- Largest City in Pennsylvania.
- Population Philly: 1,579,000 and is the sixth most populated city in the US.
- The region has deep ties to the education, healthcare, and food industries, and its many historical sites and landmarks (hello, Liberty Bell and Independence Hall!) deliver a steady stream of tourist activity as well.
- The city is also home to dozens of colleges, universities, and institutes of higher education — including renowned ones like the University of Pennsylvania, Temple, Bryn Mawr, and Villanova.
- As is the case with most U.S. cities, Philadelphia is experiencing a run-up in home prices. The metro’s median price currently sits at $238,000. And while that’s well below the national median of $330,000, it’s still a shocking 14% jump for Philly over the year.
- Also famous for its Philly Cheese Steaks!
- Rent prices are also up over the year, with a 2.5% jump between December 2019 and December 2020. Currently, the median rent comes in at $1,589 — a $38 annual increase for the city, but still well below the nation’s average of $1,740.
- Philadelphia’s unemployment rate was one of the worst in the country when the pandemic first hit, topping out at over 14%. While employment recovered in the back half of 2020, that rate has started to rise once again. It currently sits at 7.7% — up 3.1% from January of last year and more than a full percentage point higher than the national average.
- Rental vacancies stand at 5.9% and are down slightly (-0.2%) annually, despite a steep incline since mid-last year. They’re also well below the vacancy rates seen in years past and are quite a bit under national numbers, too. In short? Rentals are in demand, and units are filling up.
- Home to the Philadelphia Eagles football team, Philadelphia Phillies baseball team, Philadelphia Flyers hockey team and Philadelphia 76ers basketball team.
St. Louis
Why invest in St. Louis?
- St. Louis, known for its iconic 635-foot Gateway Arch, is situated on the western bank of the Mississippi River (which forms the state line between Missouri and Illinois).
- Population Metro St. Louis: 2,807,338 (US: 20th).
- St Louis’ cost of living is 6% lower than the national average. Missouri has the fourth-lowest cost of living index in the US.
- The housing cost index is the second-lowest in the US.
- Average annual home price appreciation is 5.17%.
- St Louis gained nearly 13,000 jobs from Jan 2019 – Jan 2020.
- St Louis’ pre-pandemic unemployment rate was a remarkable 3.1% vs the national rate of 4.7%.
- Home to 9 Fortune 500 Companies including Monsanto, Express Scripts and Edward Jones Investments as well as Anheuser-Busch.
- Home to the St Louis Cardinals baseball team and the St Louis Blues hockey team.
Chicago
Why invest in Chicago?
Coming Soon!
Coming Soon!
Dallas
Why invest in Dallas?
Coming Soon!
Coming Soon!
Trenton
Why invest in Trenton?
Coming Soon!
Coming Soon!