10 states where you can earn good money from real estate investments

Investing in real estate is not as easy as investing in stocks. But some wealthy investors love real estate because of the big profits.

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Invest in real estate in several ways. You can become a landlord or buy property, or you can invest in a real estate investment fund or real estate investment groups.

If you want to truly invest your dollars in real estate, check out this list of the best states 10 created by GoBankingRates ,.

The personal finance site made its calculations using data from Zillow: the average price for selling a home in the three largest real estate markets of each state and the annual increase in average housing values ​​for these markets. GOBankingRates also takes into account local purchasing power parity based on the value of 100 dollars in each state.

1. Indiana

The state has the cheapest average property prices, good local purchasing power and home value estimation. In a recent ranking, Indiana's affordable cost of living received high marks.

2. Mississippi

Mississippi has the lowest cost of living and the best purchasing power. Mississippi's three largest real estate markets—Jackson, Gulfport and Hattiesburg—have a median home price of $191. The median price for the country as a whole is $633, according to GOBankingRates.

3. Idaho

The cost of a house in Boise, Cour-d'Alene and Idaho-Falls increased by 13,5%, 15,6% and 8,6%, respectively. Fortunately for property owners, rental rates are rising, especially in the Boise area, where in September 2018, rental prices rose to $ 1400 from $ 1, 150 in September, 2016.

4. Alabama

Alabama is also among the low cost of living states. But local purchasing power is pretty close to Mississippi, where the relative value of $ 100 is equivalent to $ 115,47 in Alabama.

5. Missouri

According to the Center for Economic Research? the state had the fourth-highest cost of living in the country in the third quarter of 2018. The three largest real estate markets—St. Louis, Kansas City and Springfield—are seeing a median home price of $202,900 and home value growth of 8,1%.

6. Tennessee

In Nashville, Memphis and Knoxville, the three largest real estate markets in the state, the average price of housing is $ 251 133, and the cost of housing is 9,1 percent more than a year ago, which is one of the biggest in the study. The cost of living in Tennessee is relatively cheap.

7. Arkansas

Arkansas, like many other southern states, is growing economically. According to the latest Census Bureau data, the state’s population is just over 3 million people. According to the Bureau of Economic Analysis, over the past three years its GDP has grown by 8,3 percent, from the second quarter of the year to 2015.

8. Ohio

Ohio has shown that it can diversify its economy due to the contraction of industry in the area. The main real estate markets, Cincinnati, Cleveland and Columbus, offer affordable prices and reliable housing value growth. The cost of living is below the national average.

9. Michigan

The auto industry was a major player in Michigan’s economy in the 2008-09 years. Since then, the state has been forced to diversify the economy and there have been some improvements. Grand Rapids, a manufacturing city, now has a more even distribution of employment in manufacturing, health care and social assistance, retail and education.

10. Georgia

Some southern states are seeing recent economic growth. There are low taxes and skilled labor. Potential investment property owners can find affordable residences for buying and renting, especially in a city such as Atlanta, where the average rental price increased from $ 1 180 in September 2015 to $ 1725 in September 2018, according to Zillow.

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