Investment in 5 Cities can give better returns In Maryland Real Estate
Real Estate investment in Maryland is a profitable investment – Opines Hirav Shah, The Most Sought After Real Estate Business Astrologer™, Advisor and Strategist.
Common financial metrics used to measure how profitable a real estate investment includes cash flow, yield, and property appreciation. Moreover, Maryland is one with strong job growth, increasing populations, and rising rents, that attract rental property investors.
Hence, Maryland is a wonderful and profitable choice for real estate investment especially in the below mentioned cities, outlined by Real Estate Guru Hirav Shah.
Baltimore Real Estate
Investors are loving the Baltimore real estate market in 2021, all the more.
Nicknamed the “City of Neighborhoods,” Baltimore is home to literally hundreds of different districts providing plenty of options for real estate investors.
The real estate market in Baltimore is thriving, with days on market reaching an all-time low. The suburban areas around Baltimore such as Joppa and Laurel are seeing homes sell in as little as six days.
Gentrifying neighborhoods including Federal Hill/Locust Point and Woodberry/Hampden are named as some of the hottest ‘hoods where homes are selling like hotcakes. The good news for investors is that real estate prices in many parts of the city are lower than the surrounding counties and nearby Washington, DC.
Frederick Real Estate
The second-largest city in Maryland is home to over 3,500 companies and has a great, livable infrastructure. It has a growing economy and booming job market, making it very desirable for those looking to rent or buy a home.
In July 2021, Frederick home prices were up 12.2% compared to last year, selling for a median price of $365K. On average, homes in Frederick sell after 7 days on the market compared to 29 days last year. There were 326 homes sold in July this year, up from 262 last year.
The population is fairly evenly split between owning and renting their homes. As a result, you can do well as an investor in Frederick but yes, you have to keep a little bit of patience.
Columbia Real Estate
By and large East Columbia is dominated by commercial real estate—office, retail, and wholesale. It is a good spot to consider investing.
The median home value is $367,600 and the median rent is $1,630. 67% of residents own their home, so you might consider flipping here instead of renting. The median income is $103,707, so residents here are well able to afford the housing.
People love that there are so many places to eat, play, and has one of the best public school systems in the state. It is an excellent city that’s rated highly for schools, housing, nightlife, and diversity.
You won’t have any trouble attracting folks to your Columbia investment property!
Towson Real Estate
Towson is one of Maryland’s top places to live. Many residents do own their own homes, and the average income is higher than nearby Baltimore City. That said, Towson draws many young professionals and students to the area who need housing.
Investors can capitalize on Towson’s lifestyle with its many unique restaurants, organic grocery stores, gyms, entertainment, and endless shopping opportunities. Also, as a bonus, public schools are highly rated in the area.
Meanwhile, in July 2021, Towson home prices were down 7.7% compared to last year, selling for a median price of $355K. On average, homes in Towson sell after 8 days on the market compared to 38 days last year. There were 99 homes sold in July this year, up from 89 last year.
So, Towson’s real estate market looks really hot now and it will continue this year and beyond.
Germantown Real Estate
Germantown is the third most populous place in Maryland.
While technically listed as a suburb of Washington, D.C., Germantown is one of the best places to live in Maryland and is much more affordable than the suburb designation would indicate.
The median income here is $89,720, while the median home value is $326,600 and the median rent is $1,664. 65% of residents own their homes.
The area is excellent for families, has great public schools, and is ranked highly for diversity as well. You can definitely do well as an investor here. If you are looking for homes for sale with good flipping profit, Germantown can be a profitable property investment option.
Final Thoughts to invest in Maryland Real Estate
The bottom line is this…2021-2022 are another great years to invest in these above mentioned cities in Maryland. Not just 2021/2022, even beyond.
If you’ve been thinking about it, start to act. Don’t just think… Advice Hirav Shah, The Most Prominent Real Estate Business Advisor, Strategist, Guide and Astrologer.