What are some good sources you use to pull market data? Below are specific information I am interested in. Thanks!
- Income level
- Communities with HOA
I always recommend clients look at sites like city-data or other sources that provide census data. For communities with HOAs you can pull some info from the MLS or your agent can. I always recommend if buying in a neighborhood with an HOA make sure you look at the financials, rules/regulations, and covenants so you understand the full picture.
Hi Haley, I've been buying rentals in Atlanta area for a while now. I've never found "demographics" to be useful or important. What is the algorithm/decission process that will take age, income, etc info into account?
Price = zillow.com, rental amount = zillow.com
Days on market look at the redfin.com days on market filter. They are unique in having at the end of their filter choices; >60 days on market, >90 days on market. LOL yes there are houses on the market that long. Worth looking at. But not in hot areas I agree.
Price change up or down per month or year; propstream.com $99/mo. I have this. Don't use it to find deals to buy. Propstream can be used as a direct marketing platform and very very usefully to dig into the mortgage, liens of a particular address yoiu are interested in. IE driving for dollars and you want to know more info about the address. Yes you could find deals on propstream but I didn't, I used zillow/realtor max price filters. If you are new to an area them maybe finding where prices jumped 5% lats 3 mo is useful. Propstream.com also has filters for mapping age of home, length of home ownership and many more.
I bought all my rentals just using realtor.com and zillow.com max price filter email alerts. I would set the area and max price to be the price range that "fixers" are offered at.
If you are buying rentals; you might read my paper a file I linked off my BP profile 1st paragraph; how to buy a bullet proof rental portfolio.
I also suggest you join the local REIAs, where experienced folks hang. I've joined them all, you might too, I then settled on GaREIA.com where more helpful folks hang in my view.
Glad to help via PM or my email.
Thanks both for the information! I am actually looking at RV storage.
For Price and HOA I generally look at Zillow.com, Redfin.com, etc. For rental estimates I use rentometer.com. For demographics/income I use scopeout.io. If you're looking for general market data on metro level, redfin.com has a great dashboard in their data center.
Checkout VestMap, it’s got more of what matters than city data. Also has rentometer and great schools data.
Thanks Tammy and Lee. I'll check out those sites.