Market Research: Comparing Municipalities
Can anyone tell me what are some good ratios to consider when one wants to compare the markets in different municipalities?
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Todd Dexheimer
#2 Multi-Family and Apartment Investing Contributor
#2 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- St. Paul, MN
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Todd Dexheimer#2 Multi-Family and Apartment Investing Contributor
#2 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- St. Paul, MN
Not sure what you mean by ratios to compare. To identify markets to buy in check this article out: https://www.biggerpockets.com/blogs/10145/66160-ho....
When I am comparing markets, I look at what the industries are. Ideally the city would have less than 20% in one industry. I also look at rental affordability. I would like to see the average rent compared to the average income at 30%. Also having owner occupied loans less affordable than rent is great.