As a real estate investor, it’s important to purchase your rental properties in landlord friendly states. When you look at the data, there’s a clear difference between how red states and blue states handle landlord laws.
On this episode of Investing in Real Estate, you’re going to hear which states performed best in the study, and what their political affiliation is. Before you dive into a rental market, it’s important to be as informed as possible, and hopefully this episode will help you do your due dilligence!
On this episode you’ll learn:
- The data on appreciation in red states vs. blue states.
- How outmigration affects housing market data.
- The bottom five states in terms of housing markets.
- The top five states in terms of housing markets.
The Data on Appreciation in Red States vs. Blue States
The standard appreciation rate in the US hovers around 3%. Certain red states across the country are seeing appreciation at an entire percentage rate higher—over 4%.
How Outmigration Affects Housing Market Data
Many high tax blue states such as California, New York, and New Jersey are seeing high rates of outmigration. Due to the $10,000 cap on state and local property tax deductions, many residents are choosing to move to lower taxed states.
The Bottom Five States in Terms of Housing Data
Vermont, Hawaii, New York, Connecticut, and Illinois.
The Top States in Terms of Housing Data
Nebraska, Wyoming, Utah, Arizona, and Idaho.
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