1113 ET - Amid rising home prices and mortgage rates, real estate investors can still find hidden gems in affordable metros across the country, with Dayton, Ohio, standing out as the top destination for property investment this year, Realtor.com says. Other top U.S. markets for real estate investment are located the Midwest and Northeast regions, including Rochester, N.Y.; Cleveland-Elyria, Ohio; and Pittsburgh. With low vacancy rates and strong demand, these markets offer a great mix of affordability and growth potential for rentals. The top markets for real estate investment are noted for their affordability, low rental vacancy rates, rising rents and sustained buyer demand, making them prime candidates for investment. Rental vacancy rates in these hotspots averaged just 4.8% so far in 2024, well below the national average of 6.6%, signaling a strong rental market with minimal property turnover. (chris.wack@wsj.com)
(END) Dow Jones Newswires
October 01, 2024 11:13 ET (15:13 GMT)
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