Louisville is a Top 10 City To Invest in Real Estate

[Rob Bergeron]

https://www.biggerpockets.com/renewsblog/biggerpockets-2017-investment-market-index/?utm_source=newsletter

No surprise here. 

[Erik Hitzelberger]

@Jay Leisten  - The big dogs are here.  Private Equity / REITs have been buying homes at an accelerated pace here for over almost 2 years now.  In addition, national players are picking up buildings and land in the commercial and development arenas. 

Below the median price (~$155), inventory continues to be low. For properties with an overall return like the one mentioned in the article ($90-140 ARV), there is 1-3 months of inventory in key zip codes. Despite the recent price increases, in-filling is barely profitable. Further, Louisville continues to be one of the most affordable cities on this list.

In addition, we continue to have population growth both within the city limits and throughout the MSA.  The workforce is well-diversified (Healthcare, Food and Bev, Military, Distribution, Manufacturing) and backed by several Fortune 500 companies.  The city is certainly making a play for Amazon HQ2, but Louisville has lower odds than several other cities. 

For these reasons and others, expect existing home prices in this range to continue to increase.