Where to find online data for regional analysis?

Question

Hey folks,

I'm researching OOS regions for multi-family buy-and-hold. Some of the data points I'm evaluating are:

• Population growth rate
• Unemployment rate
• Job growth rate
• Wage growth rate
• Median housing price
• Median rent
•

I'm wondering where to find the best online data sources. I know that a lot of this information is publicly available, but when I go to a place like the Census Bureau website, I don't even know where to start, it's so huge.

I would be surprised if there aren't a few online tools that aggregate this kind of data?

Thanks!

Lee Ripma · Answer

@Norman Berman

I’m building one. It’s more about filtering for an MSA that meets your criteria then doing a deep dive into the submarkets and then evaluating each property as it comes. It’s taken me a long time to develop my own geospatial data tools to look at this.

If you’re looking for affordable growing MSAs with plenty of B class housing stock try:

San Antonio, TX

Columbus, OH

Orlando and Jacksonville, FL

Charlotte, NC

Corby Goade · Answer

The best source for accurate and real-time rental data is NARPM. Any property manager worth partnering with will be a member- I'd call some PMs in the cities you are looking at and ask if they are NARPM members, if so, ask if they'll share the latest vacancy and rent datasheets, they're gold for deal analysis.

Jack Bobeck · Answer

ESRI has great data about zip codes and the wealth of each.

Daniel Judge · Answer

Yeah, I just found it a couple weeks ago and have some fun with it. I'm not sure how they weight the different metrics to come up with their grades, but it's still a lot easier to use when compared to city-date.com or other sites like it.

Zeke Liston · Answer

@Daniel Judge, I'm going to check those out myself as well!

Brian Hansen · Answer

That site is a pretty cool tool. I don't know exactly where they get their data (i.e. how subjective is it?), but it's an interesting gut-check tool.

Daniel Judge · Answer

Try wiserei.com. It's compiles the data from city-data.com and makes it much easier to search/narrow the data based off your metrics of interest.

Where to find online data for regional analysis?

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