Perks of investing in real estate in Fort Worth, Texas

Starting an Airbnb business in Fort Worth is a fantastic way of achieving financial freedom since it offers a good return on investment to investors. Fort Worth is a modern city with a cowboy charm that’s truly enchanting. But what advantages does this city offer to Airbnb hosts? 

Check out some of the reasons why buying a rental property in Fort Worth is a magnificent idea:

• Real estate value

While the housing value in North Texas has increased considerably as demand for properties has increased, Fort Worth’s real estate market remains quite affordable compared to major cities in the state. The median property price is $305K, trending up 9.1% year-over-year according to Zillow Index.

• Plethora of job opportunities

Aside from Dallas and Houston, Forth Worth’s job market is one of the strongest in the US with many major corporations and startups. Professionals are naturally attracted to the variety of employment opportunities that the city offers. Currently, the unemployment rate in the city is 3.2%, which is slightly lower than the US average.

• Plenty of things to do

Fort Worth offers much more than one first meets the eye! You will never run out of interesting things to do in this city. Whether you prefer visiting a historical site or having an exciting day in a water park, Forth Worth will surely have something for you. 

There are plenty of museums, parks, shopping options and restaurants, so it’s clear why so many tourists come here each year. In fact, the city welcomes more than 9M visitors per year as confirmed by Visit Forth Worth website.

Why should you consider buying an investment property in Jacksonville, Florida?

Investing in Airbnb in Jacksonville can be a great way to earn a passive income because it offers good investment opportunities to real estate investors. Living or investing in this city means that you will enjoy its beautiful beaches & parks and its fascinating cultural scene. 

But what benefits does this location offer to property investors? Check out some of the reasons why doing real estate investment in Jacksonville is a good choice:

• Affordable housing and cost of living

One of the top advantages of investing in Jacksonville is that its real estate market is affordable. In fact, the average property value is 24% lower than the US average and is also cheaper than other major cities in the state. According to Zillow Index, the median housing price is $291K, trending up 15.3% year over year. 

As if the housing market prices weren’t enough, let me add another great aspect of Jacksonville’s livability, it has a low cost of living! Overall, it’s 8% less expensive than the national average and 7% lower than other cities in Florida.

• Booming tourist spot

With more than 270 sunny days, 22 miles of sandy beaches, and the largest urban park system in the nation, Jacksonville surely draws the attention of travelers. 

As a matter of fact, the city welcomes more than 22M visitors per year as confirmed by Visit Jacksonville portal. Hence, the tourist flow is quite consistent in the city, which is great if you’re considering catering to tourist accommodations.

• Fastest-growing city in the southern US

The River City’s economy is consistently growing and is a hub for a plethora of varying job opportunities! Its economy is driven by the healthcare, education, tourism financial sectors. Thus, Jacksonville enjoys a steady economic expansion with an unemployment rate of 2.1%.

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.