{"id":93119,"date":"2017-10-18T15:00:33","date_gmt":"2017-10-18T21:00:33","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=93119"},"modified":"2021-03-16T13:41:52","modified_gmt":"2021-03-16T19:41:52","slug":"cities-rental-investingdata","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/cities-rental-investingdata","title":{"rendered":"The Data is In: These Are the Best Cities for Rental Investing"},"content":{"rendered":"

How\u2019s the economy in your city? Is it in a growth spurt? Or is it just puttering along?<\/p>\n

And how does your city\u2019s economy compare to that of other cities?<\/p>\n

A week or two ago, WalletHub released a comprehensive analysis<\/a> of the economic growth of more than 500 U.S. cities. Experts broke down 15 metrics, weighted them, then ranked cities on their growth.<\/p>\n

Pretty useful information for a real estate investor, right?<\/p>\n

But if you\u2019re a long-term investor (like me), you\u2019re not just looking for potential appreciation. You’re also looking for cash flow, which means your returns rely on more than just economic growth.\u00a0After all, it doesn’t make sense to buy a $500,000 property that only rents for $1,000\/month, right?<\/p>\n

So I decided to take WalletHub\u2019s list and add a few more numbers, to build our own rental-investing crystal ball.<\/p>\n

\"\"<\/p>\n

First, WalletHub\u2019s Numbers (And Where They Came From)<\/h2>\n

WalletHub examined cities based on 15 metrics, which they split into two categories: Sociodemographics and Jobs & Economy. Each category was given a 50 percent weighting.<\/p>\n

Yet the Sociodemographic category only has three metrics, while Jobs & Economy has 12.<\/p>\n

Sociodemographics \u2013 Total Points: 50<\/h3>\n