Why Real Estate in Iowa is a Place to Invest
Iowa may not be the first place that comes to mind when you think of real estate investments, but it should be. The state has a number of advantages that make it a great place to invest in property. In this blog post, we will discuss some of the reasons why Iowa is a great place for real estate investors. Stay tuned to learn more!
One of the reasons Iowa is a great place to invest in real estate is that it is an affordable market. The median home price in Iowa is $145,000, which is significantly lower than the national median home price of $219,700. This means that investors can purchase more property for their money in Iowa than they could in other markets.
In addition to being an affordable market, Iowa also has a low cost of living. The cost of living index in Iowa is 91.0, which means that it is nearly nine percent cheaper to live in Iowa than in the average U.S. state. This can be attributed to a number of factors, including low housing costs and low taxes. For investors who are looking to rent out their properties, this means that they will be able to charge lower rents and still make a profit.
Another reason Iowa is a great place to invest in real estate is that it has a strong economy. Iowa’s unemployment rate is just three percent, which is significantly lower than the national average of four percent. Additionally, Iowa’s job growth rate is two percent, which is higher than the national average of one percent. This means that there are plenty of people looking for housing in Iowa, which can provide investors with a steady stream of rental income.
If you’re looking for a great place to invest in real estate, Iowa should definitely be on your radar. With its affordable housing market and strong economy, Iowa is a great place to invest in property. Contact us today to learn more about the market and to find properties that fit your investment goals.
What are some other reasons you think Iowa is a great place to invest in real estate? Let us know in the comments below!