Benefits of buying an investment property in Portland, Oregon

Starting an Airbnb business in Portland or nearby cities in Oregon is a great way of achieving financial freedom because it offers fruitful opportunities for real estate investors. 

As a place with breathtaking natural surroundings and a great cultural scene, Portland surely sounds like a dreamy city, right? Yet, you may be wondering what are the perks offered by this location in Oregon to real estate investors. Check out some of the major benefits that Portland offers:

• Portland’s real estate market

Portland’s overall economy and job market are growing rather quickly, and thanks to this, more people are immigrating to this city. For that reason, the demand for housing is steadily increasing. The average property price is currently $525K while the median sold price is $467K as confirmed by Realtor.

Based on Norada Real Estate report, Portland’s housing prices faced a sudden increment during the past few years, yet, it still offers one of the cheapest markets among all the cities located on the West Coast.

• Strong economy with a booming job market

Portland enjoys a strong and diversified economy in which the tech and tourism sectors greatly contribute to the city’s economic situation. In fact, many major companies have placed their HQs in Portland, such as Intel, IBM, Nike and Daimler. Thanks to this, the city’s employment market grows rather quickly as it offers a plethora of job opportunities that attract many professionals. 

• International tourist destination 

Did you know that Portland welcomes nearly 11M tourist arrivals every year? This surely sounds interesting to real estate investors looking to cater to tourist accommodations. Portland is one of the greenest cities in the country that offers plenty of natural options as well as an outstanding cultural scene, thus, it is easy to understand why people are eager to visit this city.

Why invest in a rental property in San Jose, California?

It’s a given fact that San Jose is a great sunny destination with breathtaking landscapes and a financial & tech hub! Yet, the housing market may make real estate investors interested in California take a step back. This is because the average property value is $1,242,406, which is higher than the national average.

But don’t worry too much because there are also good reasons why investing in San Jose, California real estate is still a profitable idea:

• Great tourist market 

Aside from its business environment, San Jose has plenty of places to visit and enjoy. This includes museums, water parks, great restaurants, and bars. Thanks to that, it attracts around 2.8M visitors annually and the number of people who come to the city continues to increase! 

Thus, the tourism industry and business traveler revenue contribute significantly to San Jose’s economy. This also means that the demand for tourist accommodations is consistent.

• Booming job market

San Jose is widely known as the home to major tech and financial companies that offer great job opportunities to young professionals. To name a few, the main headquarters of big companies like PayPal, Netflix, and Adobe are located here. Hence, it’s understandable that this city owns a bustling job market. In fact, the unemployment rate in San Jose is 2.1%, which is lower than the US average.

• Prime location

San Jose’s location in California is great since it’s close to major cities such as Santa Clara, San Francisco and Sacramento. In addition to this, we can find Silicon Valley’s airport and San Jose International Airport which are just 3.9 miles away from downtown.

Why should you consider buying a rental property in Austin, Texas?

Investing in real estate in Austin is an amazing way of earning a passive income since it offers a good return on investment to property investors. Austin offers great climate conditions and hosts lively art & music festivals weekly. Thanks to this, it attracts a great number of visitors each month. But what advantages can  Austin offer to real estate investors? Check out some of the reasons why buying Airbnb investment properties in Austin is an excellent idea:

• Attractive real estate market

While Austin’s real estate market is competitive, its prices still are 23% lower compared to the national average as confirmed by Norada Real Estate. The median housing value is $540K. But we should point out that the housing market here is the second most expensive in Texas, yet it is still cheaper than in other major cities.

• Fastest-growing US city

Austin is a technology hub and also offers a variety of cultural activities to visitors and locals alike. Did you know that Austin is in the top 10 fastest-growing cities in the US? According to the “American Growth Project”, Austin is ranked as  2nd fastest-growing city. 

In addition to this, Austin is home to many larger businesses and startups. This opens the doors to many young professionals as it has a booming job market with a variety of opportunities. In fact, Austin ranks as the top job market in the country!

• Bustling tourist market

The tourism industry also plays an important role in Austin since it contributes significantly to the city’s economy. According to Visit Austin Portal, the city of Austin welcomes around 30M tourist arrivals every year. This will surely catch the attention of investors who are aiming to cater to tourist accommodations.