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Updated over 2 years ago on . Most recent reply

User Stats

235
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Mary Ainsworth
  • Lender
  • San Diego, CA
94
Votes |
235
Posts

How do you find median wage growth and population growth? (deciding on a market)

Mary Ainsworth
  • Lender
  • San Diego, CA
Posted

Hello!

I'm starting to look out of state I'm currently picking my market. I've heard on BP to look for:

- median wage growth

- population growth 

- employment growth

What are trustworthy resources I can use to find these numbers for any given market? I'm not sure where to look. 

Besides these metrics, are there any other general metrics I should consider when deciding my long-distance market?

Any help is much appreciated, thanks!!

  • Mary Ainsworth
  • Most Popular Reply

    User Stats

    826
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    Noah Bacon
    • Property Manager
    • Lansdale, PA
    1,054
    Votes |
    826
    Posts
    Noah Bacon
    • Property Manager
    • Lansdale, PA
    ModeratorReplied

    Hey Mary!

    I would check out both of these resources:

    1. These Are The Top 20 Up-And-Coming Real Estate Markets This Spring - This article was posted 3 days ago, and might give you some markets to dive into further.
    2. Spring 2023 Update: Rental Market Data Author: Dave Meyer - This report will give you a very in depth analysis of Rental Market Data in various markets.

    I hope these are a step in the right direction for picking your market!

    I'm also very interested to hear what market you end up investing in, please keep me in the loop!

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