Best State to Buy Rental Property

1. Best State to Buy Rental Property The primary class or component that financial backers base their choice on with regards to where to put resources into real estate is property costs. Regardless of whether you're purchasing your first rental property or need to add another rental to your portfolio, you most certainly have a spending plan that you're adhering to. That is a smart thing to do because it assists you with sifting through states and urban communities where properties are costs above what you can bear. Along these lines, here's a rundown of the 10 least expensive states to purchase a house in the US at present. These are the Best State to Buy Rental Property where costs are beneath the public middle in 2020. #1 Iowa Median Property Price: $229,561 ● Price Per Square Foot: $148 ● Traditional Rental Income: $1,118 ● Airbnb Rental Income: $2,238 ● Airbnb Occupancy Rate: 47% ● Average Airbnb Daily Rate: $155 ● Price to Rent Ratio: 17 ● Average Days on Market: 106

2. #2 West Virginia Median Property Price: $233,210 ● Price Per Square Foot: $189 ● Traditional Rental Income: $1,098 ● Airbnb Rental Income: $2,123 ● Airbnb Occupancy Rate: 50% ● Average Airbnb Daily Rate: $177 ● Price to Rent Ratio: 18 ● Average Days on Market: 125 #3 North Dakota Median Property Price: $241,311 ● Price Per Square Foot: $121 ● Traditional Rental Income: $1,272 ● Airbnb Rental Income: $1,897 ● Airbnb Occupancy Rate: 56% ● Average Airbnb Daily Rate: $107 ● Price to Rent Ratio: 16 ● Average Days on Market: 80 #4 Ohio Median Property Price: $246,031 ● Price Per Square Foot: $132 ● Traditional Rental Income: $1,204 ● Airbnb Rental Income: $2,245 ● Airbnb Occupancy Rate: 54% ● Average Airbnb Daily Rate: $138 ● Price to Rent Ratio: 17 ● Average Days on Market: 68

3. #5 Indiana Median Property Price: $252,683 ● Price Per Square Foot: $118 ● Traditional Rental Income: $1,128 ● Airbnb Rental Income: $2,195 ● Airbnb Occupancy Rate: 55% ● Average Airbnb Daily Rate: $140 ● Price to Rent Ratio: 18 ● Average Days on Market: 81 #6 Mississippi Median Property Price: $267,413 ● Price Per Square Foot: $124 ● Traditional Rental Income: $1,212 ● Airbnb Rental Income: $1,856 ● Airbnb Occupancy Rate: 52% ● Average Airbnb Daily Rate: $128 ● Price to Rent Ratio: 18 ● Average Days on Market: 120 #7 Kentucky Median Property Price: $269,246 ● Price Per Square Foot: $203 ● Traditional Rental Income: $1,142 ● Airbnb Rental Income: $2,013 ● Airbnb Occupancy Rate: 48% ● Average Airbnb Daily Rate: $160 ● Price to Rent Ratio: 19 ● Average Days on Market: 99

4. #8 Arkansas Median Property Price: $269,944 ● Price Per Square Foot: $144 ● Traditional Rental Income: $1,117 ● Airbnb Rental Income: $2,108 ● Airbnb Occupancy Rate: 53% ● Average Airbnb Daily Rate: $130 ● Price to Rent Ratio: 20 ● Average Days on Market: 114 #9 Missouri Median Property Price: $275,194 ● Price Per Square Foot: $715 ● Traditional Rental Income: $1,200 ● Airbnb Rental Income: $2,064 ● Airbnb Occupancy Rate: 50% ● Average Airbnb Daily Rate: $125 ● Price to Rent Ratio: 19 ● Average Days on Market: 107 #10 Nebraska Median Property Price: $278,955 ● Price Per Square Foot: $139 ● Traditional Rental Income: $1,144 ● Airbnb Rental Income: $2,470 ● Airbnb Occupancy Rate: 56% ● Average Airbnb Daily Rate: $121 ● Price to Rent Ratio: 20 ● Average Days on Market: 76

5. Conclusion In the US real estate market, middle property costs, lease costs, and interest for rentals vary from one state to another. In this manner, the benefit you'll procure as a financial backer will likewise vary depending upon which expression your investment property is found. That is the reason to realize the Best State to Buy Rental Property where you should concentrate your property search.