Top 6 Rental Markets to Follow in 2020

The real estate market in 2019 was full of ups and downs to say the least. New opportunities were always popping up left and right. Growth factors and sector shifts, always keeping us on our toes. 

Nobody knows what 2020 will bring. But we are here to help give a little sneak peak into what this year’s real estate market has in store. 

Here are the top 6 rental markets to follow in 2020:

       1. Jacksonville Florida

Florida is one of the key locations in any real estate market. Not only does it offer one of the top economies in the U.S., but its stable opportunity for employment, and booming economy make it a great opportunity for any investor looking for new ground to cover. We are optimistic and smiling as the rental and home prices soar. Be sure to keep an eye out on Florida’s historic cities.

However, competition will be fierce. Jacksonville ensures low inventory that will make it difficult for buyers to break into the real estate market. No matter! The slow growth rate can’t keep the investors out. It is still one of the most sought after locations. 

2. Cedar Rapids, Iowa

Iowa is ranked as one of the safest places to live in the United States. Thanks to its low taxes and utilities cost, business flock from all around the U.S. This has allowed Iowa to hold a steady growth rate year after year. For real estate investors, Iowa holds real promise. Builders cannot keep up with the growth and rise of demand. 

The steady growth rate ensures a steady and strong economy. Affordable housing, and job opportunities are some of the things expected to follow. Anyone would be a fool to pass up this opportunity. 

3. Austin, Texas

For the second year in a row Austin has been named best place to live in the country by the U.S. News and World Report. The growth rate for Austin, Texas is a soaring 32% and is not expected to slow down anytime soon. Experts are estimating for around 3 million by the year 2030.

Lots of talent is expected to move to Austin, bringing a lot of rental possibilities. Prices have slowed down over the past couple years, yet investors are still purchasing.  

4. Pittsburgh, Pennsylvania

Pittsburgh is a city worth your while if you’re looking to invest. This east coast city has seen home values double, even quadruple in some parts. As most people rent their homes, this is the perfect rental market. This city holds about 600,000 properties with more than 35,000 sales each year. 

Affordable stunners? You’ll find them inside and outside the city. But, buyers beware. The assessed value shouldn’t be associated with the current market value. 

5. Oklahoma City, Oklahoma  

Oklahoma has been given the nickname ‘silicone prairie’ for it’s influx of businesses and management services. The city has seen nothing but growth ever since. If you’re an investor looking for affordability, you’ve come to the right spot, topping cities like Jacksonville for top spot. 

However, investors should be ready for the migration of talent and tech as these massive companies begin to set up camp. Oklahoma’s market relies on it’s growth trends and strong economy, and it looks like it’s only getting better from here on out. 

6. Atlanta, Georgia

Atlanta, Georgia is known for many things. It is one of the main markets MMRE Solutions, LLC invests in. From its diverse musical heritage to its southern hospitality. 2020 is projected to be a massive real estate boon for Atlanta, Georgia. The city has announced the start of two residential projects in Midtown.

Updated construction features are sure to appear such as, renovated bathrooms and solar. However, many are skeptical and believe many of the cities older properties will remain empty, creating the perfect opportunity for investors looking for renovation opportunities. 

By: Mike Pugliese