Charleston, S.C., is the nation’s top residential housing investment market, according to a study made by real estate firm OwnAmerica. But the next four cities all are in Texas.
Gregory Rand, CEO, said selection of the company’s top 25 markets to invest in comes from “time-tested metrics and local expertise on the ground in each community.”
The metrics include housing demand fundamentals, long-term housing price performance (at least 15 years), locally verified net yield and economic development.
Based on the above, Charleston has an index value of 26.70. It is followed by Houston at 26.42, San Antonio at 26.32, Corpus Christi at 25.74 and Austin at 25.44.
The whole top 25 list, the company said, “represents an ideal mix of markets that are best aggregated together” for investment property purchases.