The
Midwest
and
Northeast
regions
seem
to
be
the
new
hot
spots
for

real
estate
investors.
This
week,


Realtor.com
named
markets
in

Ohio,

Michigan,

Pennsylvania,
New
York
and
Connecticut
among
the
top
markets
for
real
estate
investment
opportunities
in
2024.

The
list
was
compiled
through
an
analysis
of
the
75
largest
metro
areas
in
the
country.
The
metrics
used
include
affordability,
vacancy
rates,
rent
increases
and
buyer
demand
based
on
12
months
of
listing
information
and
other
public
data.

Dayton,
Ohio,
holds
the
No.
1
spot
among
the
best
destinations
for
real
estate
investors
this
year.
It
was
followed
by
Rochester,
New
York;

Cleveland;

Pittsburgh;
Knoxville,
Tennessee;
Albany,
New
York;
New
Haven,
Connecticut;
Buffalo,
New
York;
Grand
Rapids,
Michigan;
and
Columbus,
Ohio.

With
three
cities
on
the
list,
Ohio
demonstrated
a
positive
trend
for
investing
in
the
Buckeye
State.
Midwest
and
Northeast
markets
dominated
the
list
compared
to
those
in
the
South
and
West
regions,
which
have
become
more
expensive
and
volatile.

Each
market
on
the
list
saw
nearly
twice
the
number
of
page
views
on
Realtor.com
compared
to
non-ranked
areas.
These
cities
also
offer
housing
prices
that
are,
on
average,
21.7%
below
that
of
the
U.S.
as
a
whole.
Dayton,
for
example,
has
an
average
home
price
of
$239,000
—
nearly
$200,000
below
the
national
average
of
$427,000.

Rental
vacancies
also
played
a
huge
factor
in
market
affordability.
The
top
markets
had
an
average
vacancy
rate
of
4.8%
compared
to
the
national
average
of
6.6%.
This
trend
signified
a
strong
market
for
investors
with
little
to
no
turnover
among
tenants.
New
Haven,
Connecticut,
had
the
lowest
vacancy
rate
at
2.4%.

These
markets
also
have
smaller
shares
of
investor-driven
home
purchases,
typically
in
the
range
of
10%
to
15%
as
of
first-quarter
2024.
This
compares
favorably
to
recent

CoreLogic
data
showing
that
investors
accounted
for

23%
of
all
homes
sold
in
June.

Hannah
Jones,
senior
economic
research
analyst
for
Realtor.com,
highlighted
the
Midwest
and
Northeast
as
prime
areas
of
opportunity
for
all
investors,
regardless
of
their
experience.

“These
regions
offer
investors
a
prime
chance
to
secure
steady
rental
income
and
tap
into
growing
demand,
making
them
attractive
for
both
seasoned
and
first-time
investors
alike,”
Jones
said
in
a
statement.

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