Where To Invest

Cities Where Your Dollar Goes Furthest

Yesterday there was an article in the Daily Real Estate News about a recent study to determine where you get the most value for your real estate investment dollar.

Housing, in particular, has remained most affordable in the South and the Midwest. That’s because of less stringent building, an abundance of land and growing populations in the South, says Daniel McCue, a research analyst at Harvard’s Joint Center for Housing Studies.

To determine the cities that offer the best quality of life for the least amount of money, Forbes magazine calculated the ratios between a city’s median home price and its median household income. It also factored in projected job growth. And it compared median income to Moody’s Economy.com’s cost of living index.

Here are the 10 cities that it found to offer the best value, and the cities that it believes offers the worst value.

Cities Where Residents Get the Most for Their Money

1. Austin, Texas
2. San Antonio, Texas
3. Indianapolis, Ind.
4. Houston, Texas
5. Charlotte, N.C.
6. Columbus, Ohio
7. Dallas
8. Minneapolis/St. Paul
9. Denver
10. Portland, Ore.

Cities Where Residents Get the Least for Their Money

1. Los Angeles
2. Providence, R.I.
3. New Orleans
4. Philadelphia
5. Cleveland
6. New York
7. Milwaukee, Wisc.
8. St. Louis, Mo.
9. Washington, D.C.
10. Sacramento, Calif.

I must caution you about one very important factor. ALWAYS CHECK YOUR OWN NUMBERS AND ALWAYS FOCUS ON A NICHE. Although this study is credible and for the most part accurate, Philadelphia is #4 on the Least Value section, and I am still working on projects with fellow investors in Philly that are offering tremendous cash flow and tremendous capital growth.

If you have questions about the article or you would like more info about Philadelphia projects we can put you in touch with, just send us an email: Click Here To Email Us!

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