HSV market has seen some cool down in the past 6-12 months one due to macro events (interest rates etc) and secondly due to the city banning STR/AirBnBs which resulted in huge increase in rental supply resulting in much longer vacancies.Also agree with @Michael S. that new builds will not cash flow but most likely that is the case almost in every other market...I have seen builder getting little anxious to get rid of their inventory and you might get some deals in there but you will have to hold it long term.I feel in the long term HSV will be a solid investment.

It’s one of the few cities where you can still buy in the $120–180K range, hit the 1% rule, and cash flow, plus the macro story is really strong—Intel’s $26B chip plant, Amazon, Google, Facebook, Honda, Microsoft, LG, etc. all growing here.

It's still incredibly noisy and manual to find exactly what you're looking for, by specific market, with relevant commentary.

Plus, the macro picture here is strong with big job growth and companies like Intel, Amazon, Google, Honda, Microsoft, and more expanding here.

I am going to give you some thoughts on a macro level, and it is important to understand that distinction:  In all of STR history, and that's going back many decades, there was really only one time frame that one could buy a property for 20 percent down and actually turn a positive monthly cashflow immediately. 

I lived about 1/2 a mile from Seattle International Raceway and even with all the trees in the way, it was noisy as hell some days.

I moved here from Portland in 2020 to invest and now own 10+ rentals, and what drew me here was the strong macro story—population and job growth, major companies like Intel, Amazon, Google, Honda, and Facebook investing heavily, and properties that still hit the 1% rule in the $120K–180K range.

It’s one of those markets where the macro factors are really strong—population growth, job growth, and huge companies moving and expanding here like Intel, Amazon, Facebook, Google, Microsoft, Honda, and LG.

It’s one of the few markets where you can still find solid rental properties in the $120K–180K range that hit the 1% rule and cash flow from day one, while also benefiting from huge macro growth drivers like Intel’s $26B development, Amazon, Google, Microsoft, Honda, LG, Anduril, Nationwide, and more moving in or expanding here.

The macro picture here is really strong—steady population and job growth, and huge companies like Intel, Amazon, Google, Honda, Microsoft, LG, and Facebook investing heavily.