Massachusetts real estate is all about location. Hirav Shah strongly advises investing in Boston, Cambridge, Newton, Brockton and Lynn cities which can give better returns in Massachusetts Real Estate.

The real estate industry creates jobs, income and tax revenue for a state. In addition, the sector impacts other sectors including manufacturing, wholesaling, warehousing, transportation, and rental and leasing services. Therefore, real estate trends are important indicators of the health of a state’s economy.

Now, let’s quickly dig into the Massachusetts real estate market. The real estate market in Massachusetts has grown steadily and shows no signs of a slowdown. The prices are not only rising, but the predictions for the future are very encouraging as well- Forecasts Renowned Real Estate Business Astrologer™, Strategist & Advisor, Hirav Shah.
In other words, Housing prices in Massachusetts are on the rise and have been for the past few years, but some neighborhoods are doing better than others- Opines Hirav Shah, Real Estate Guru.

If you’re looking into buying a new home and want to make a smart investment in a neighborhood with consistently rising home values, the below mentioned cities are the perfect places to start your search.

Here are the list of 5 cities which can give better returns of your investment in Massachusetts Real Estate :

1.Boston Real Estate

Boston investment properties are a solid source of income for many real estate investors around the world. With the constant influx of students and young professionals, there is a virtually never ending demand for rental living in Boston.

With a little bit of capital, Boston investment properties can be purchased and immediately rented out to cover the financing. While this is true of most any property, in very few places is it as easily, and reliably, done.

The key to investing in Boston real estate is knowing what sort of return you’ll get on the property you buy. The Boston rental market is very dynamic and a few blocks can mean a few hundred dollars a month in rent.

2.Cambridge Real Estate

Cambridge is well known as a university city, but there’s much more to Cambridge than that.

Little wonder then that Cambridge has a buoyant property market with huge demand both for property to buy and property to rent, making it a truly exciting city for property investors.

If you’re searching for a developed city to invest in, Cambridge should be the one for you, Opines Hirav Shah.

The city has excellent infrastructure, all the facilities one might ever need, and it also houses prominent education centers like Harvard University and the Massachusetts Institute of Technology (MIT).

Currently, the population of Cambridge stands at 120,000 and it’s only going to grow. That means that the real estate industry thrives well here. Many residents are purchasing and renting homes in the city.

With an unemployment rate of 2.0% — which is well below the US average — Cambridge has seen excellent economic growth. Steady economic growth is always a good sign if you’re planning on investing in real estate.

The city also has an active job market which has grown at 4.3% last year. This is an encouraging sign too.

The current median value of homes in Cambridge is $804,100. The prices have gone up by 4.1% in the last year. Thanks to this growth, home prices are set to go up another 4.3% this year.

If you’re a cautious investor and don’t mind slightly lower return on investments, Cambridge is the place to invest in. Real estate prices in Cambridge just don’t go down.

3.Newton Real Estate

If you are planning to build or buy a house for rentals, you can do it in Newton, Opines Hirav Shah.

Before investing in Newton, it’s essential to understand the current market prices. The city’s median home value is currently $1,079,100 after increasing by 5.5% from last year. It is speculated that the prices may rise by 4.3% this year.

With a population of about a lakh, the city is among the fastest growing real estate markets in Massachusetts. With such a large population, it won’t be difficult to find tenants at all.

Thanks to a promising job market, many people are moving into Newton in search of jobs. As a result, the demand for houses is steadily growing which makes the city ideal for real estate investments. Additionally, Newton has a steady economic growth that favors investments.

What more do you need !!

4.Brockton Real Estate

If there is one city with a super amazing economic growth, it is Brockton, Says Hirav Shah.

Not just that, in the last few years, Brockton has been listed among the fastest growing cities in the US with a record of steady economic growth.

Meanwhile, Brockton’s real estate market is on the rise, and any real estate investment bears little to no risk.

If you are building homes and rentals that average people can afford, Brockton city is the perfect choice for you. The median value of homes in Brockton is currently $294,600 and the median rent price is $1,600.

The value of homes in Brockton have risen by 6.4% in the last year and investors are anticipating an increase of 5.4% this year. The advantage of investing in Brockton is that you won’t have to hold properties for a long time before you sell or rent it out.

Sounds Good !

5.Lynn Real Estate

Lynn is a beautiful city. It has top-performing corporations like Bent Water Brewing Company and the Walsh’s Oil Company which provide many job opportunities to people. And, obviously employees of these companies need places to stay.

So, real estate has to grow…
It’s that logical- Explains Real Estate Strategist Hirav Shah.

And, the prices of real estate are still relatively low. However, the value of homes in the city has increased by 6.5% in comparison to last year. Lynn’s housing market is highly competitive, and house prices are expected to rise by 5.5% over the next year.

On average, a home in Lynn sells for $353,200 with a median listing price of about $339,700. Irrespective of the relatively low home median value, the city has witnessed massive home sales and it continues to witness the same in this year and beyond. All this is because of its relatively large population which stands at about a lakh.

All in all, for real estate investors, Lynn could be a wonderful yet profitable choice.

Final Thoughts to invest in Massachusetts Real Estate

House prices in Massachusetts will continue to increase as there is high demand. Interest rates are as low as they will ever be. Buy now if you want to buy in Mass, it’s only going to become more expensive, Suggests Hirav Shah, Eminent Real Estate Business Strategist, Astrologer and Advisor.