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San Diego, California
San Diego is the second-largest city in California and the eighth-largest city in the U.S., with a population of over 3.3 million people in the metropolitan area. It is also one of the most desirable cities to live in, with a mild climate, a beautiful coastline, a diverse culture, and a strong economy. San Diego has sectors such as biotechnology, defense, tourism, and education.
San Diego’s real estate market is expensive, but also resilient, with a housing price index growth of 49.6% from 2015 to 2020. The median home sold price in San Diego was $700,000 in 2020, which is higher than the U.S. average of $430,300. The gross rental yield in San Diego was 5.1% in 2020, which is below the ideal threshold of 7%. The vacancy rate in San Diego was 4.4% in 2020, which is below the healthy range of 5% to 10%.
For investors who are interested in buying and flipping, San Diego offers some opportunities to find properties that are in high demand, have a low inventory, and have a high appreciation rate. However, the high cost of entry, the low rental yield, and the high competition may make it challenging to find profitable deals. Some of the best neighborhoods for buying and flipping in San Diego are:
Pacific Beach: This is a popular and lively neighborhood that is located about 8 miles northwest of downtown San Diego. It has a lot of condos, townhouses, and single-family homes, as well as some beachfront and ocean view properties. The median home sold price in Pacific Beach was $900,000 in 2020, which is higher than the city average. However, there are still some properties that can be purchased at a bargain, renovated, and sold for a profit, especially in the areas of Crown Point, North Pacific Beach, and Mission Bay, where the median home sold price was $800,000, $750,000, and $700,000, respectively.
La Mesa: This is a suburban and affordable neighborhood that is located about 10 miles east of downtown San Diego. It has a mix of old and new homes, from ranches and bungalows to modern and contemporary. The median home sold price in La Mesa was $600,000 in 2020, which is lower than the city average. There are many properties that can be upgraded and improved, as well as some new developments that can be purchased at a discount.
Chula Vista: This is an emerging and diverse neighborhood that is located about 15 miles south of downtown San Diego. It has a lot of single-family and multi-family homes, as well as some condos and townhouses, that are close to many amenities such as schools, parks, and shopping centers. The median home sold price in Chula Vista was $550,000 in 2020, which is lower than the city average. There are many properties that can be renovated and sold for a profit, especially in the areas of Eastlake, Otay Ranch, and Rancho Del Rey, where the median home sold price was $600,000, $550,000, and $500,000, respectively.
For investors who are interested in buying and holding, San Diego offers some opportunities to find properties that have a high rental demand, a low vacancy rate, and a stable income. However, the high cost of entry, the low rental yield, and the high competition may make it difficult to find positive cash flow deals. Some of the best neighborhoods for buying and holding in San Diego are:
Downtown San Diego: This is the business and cultural center of the city, where the Gaslamp Quarter, the Little Italy, and the Petco Park are located. It has a lot of high-rise and mid-rise condos, lofts, and apartments, as well as some historic and modern homes. The median home sold price in downtown San Diego was $650,000 in 2020, which is lower than the city average. The rental demand is also high, especially for short-term rentals that cater to professionals, tourists, and students. The average rent in downtown San Diego was $2,500 per month in 2020, which translates to a gross rental yield of 4.6%.
North Park: This is a trendy and hip neighborhood that is located about 4 miles northeast of downtown San Diego. It has a lot of bungalows, cottages, and craftsman homes, as well as some condos and townhouses, that are close to many amenities such as restaurants, bars, and shops. The median home sold price in North Park was $700,000 in 2020, which is the same as the city average. The rental demand is also high, especially for long-term rentals that attract young professionals, artists, and musicians. The average rent in North Park was $2,000 per month in 2020, which translates to a gross rental yield of 3.4%.
Oceanside: This is a coastal and family-friendly neighborhood that is located about 40 miles north of downtown San Diego. It has a lot of single-family and multi-family homes, as well as some condos and townhouses, that are close to many amenities such as beaches, piers, and marinas. The median home sold price in Oceanside was $600,000 in 2020, which is lower than the city average. The rental demand is also high, especially for long-term rentals that attract families, retirees, and military personnel. The average rent in Oceanside was $2,000 per month in 2020, which translates to a gross rental yield of 4%.
Boston, Massachusetts
Boston is the capital and largest city of Massachusetts, with a population of over 4.8 million people in the metropolitan area. It is also one of the oldest and most historic cities in the U.S., with a rich culture, a prestigious education, and a robust economy. Boston has sectors such as biotechnology, finance, health care, and education.
Boston’s real estate market is expensive, but also stable, with a housing price index growth of 38.9% from 2015 to 2020. The median home sold price in Boston was $650,000 in 2020, which is higher than the U.S. average of $430,300. The gross rental yield in Boston was 5.5% in 2020, which is below the ideal threshold of 7%. The vacancy rate in Boston was 5.9% in 2020, which is within the healthy range of 5% to 10%.
For investors who are interested in buying and flipping, Boston offers some opportunities to find properties that are in high demand, have a low inventory, and have a high appreciation rate. However, the high cost of entry, the low rental yield, and the high competition may make it challenging to find profitable deals. Some of the best neighborhoods for buying and flipping in Boston are:
South Boston: This is a popular and lively neighborhood that is located about 2 miles south of downtown Boston. It has a lot of condos, townhouses, and single-family homes, as well as some waterfront and harbor view properties. The median home sold price in South Boston was $750,000 in 2020, which is higher than the city average. However, there are still some properties that can be purchased at a bargain, renovated, and sold for a profit, especially in the areas of City Point, Andrew Square, and Dorchester Heights, where the median home sold price was $700,000, $650,000, and $600,000, respectively.
Dorchester: This is a large and diverse neighborhood that is located about 4 miles south of downtown Boston. It has a mix of old and new homes, from Victorians and colonials to modern and contemporary. The median home sold price in Dorchester was $550,000 in 2020, which is lower than the city average. There are many properties that can be upgraded and improved, as well as some new developments that can be purchased at a discount.
Somerville: This is a suburban and trendy neighborhood that is located about 4 miles northwest of downtown Boston. It has a lot of multi-family and single-family homes, as well as some condos and townhouses, that are close to many amenities such as restaurants, bars, and shops. The median home sold price in Somerville was $800,000 in 2020, which is higher than the city average. There are some properties that can be renovated and sold for a premium, especially in the areas of Davis Square, Union Square, and Winter Hill, where the median home sold price was $850,000, $800,000, and $750,000, respectively.
For investors who are interested in buying and holding, Boston offers some opportunities to find properties that have a high rental demand, a low vacancy rate, and a stable income. However, the high cost of entry, the low rental yield, and the high competition may make it difficult to find positive cash flow deals. Some of the best neighborhoods for buying and holding in Boston are:
Back Bay: This is the most upscale and elegant neighborhood in Boston, where the Newbury Street, the Copley Square, and the Boston Public Garden are located. It has a lot of luxury and historic homes, as well as some high-rise and mid-rise condos, lofts, and apartments. The median home sold price in Back Bay was $1,200,000 in 2020, which is higher than the city average. However, the rental demand is also high, especially for short-term rentals that cater to executives, tourists, and students. The average rent in Back Bay was $3,500 per month in 2020, which translates to a gross rental yield of 3.5%.
Cambridge: This is a suburban and academic neighborhood that is located across the Charles River from downtown Boston. It is home to the Harvard University, the Massachusetts Institute of Technology, and the Kendall Square. It has a lot of single-family and multi-family homes, as well as some condos and townhouses, that are close to many amenities such as schools, parks, and shops. The median home sold price in Cambridge was $900,000 in 2020, which is higher than the city average. The rental demand is also high, especially for long-term rentals that attract professors, researchers, and students. The average rent in Cambridge was $2,500 per month in 2020, which translates to a gross rental yield of 3.3%.
Quincy: This is a coastal and historic neighborhood that is located about 10 miles south of downtown Boston. It is known as the “City of Presidents”, as it is the birthplace of John Adams and John Quincy Adams. It has a lot of colonial and Victorian homes, as well as some condos and townhouses, that are close to many amenities such as beaches, piers, and museums. The median home sold price in Quincy was $500,000 in 2020, which is lower than the city average. The rental demand is also high, especially for long-term rentals that attract families, retirees, and workers. The average rent in Quincy was $1,800 per month in 2020, which translates to a gross rental yield of 4.3%.
Burlington, Vermont
Burlington is the largest city in Vermont, with a population of over 200,000 people in the metropolitan area. It is also one of the most livable and progressive cities in the U.S., with a mild climate, a scenic location, a diverse culture, and a green policy. Burlington has sectors such as education, health care, technology, and tourism.
Burlington’s real estate market is affordable, but also competitive, with a housing price index growth of 32.4% from 2015 to 2020. The median home sold price in Burlington was $350,000 in 2020, which is below the U.S. average of $430,300. The gross rental yield in Burlington was 6.9% in 2020, which is above the ideal threshold of 7%. The vacancy rate in Burlington was 3.1% in 2020, which is below the healthy range of 5% to 10%.
For investors who are interested in buying and flipping, Burlington offers some opportunities to find properties that are in high demand, have a low inventory, and have a moderate appreciation rate. However, the low vacancy rate, the high competition, and the strict zoning regulations may make it challenging to find profitable deals. Some of the best neighborhoods for buying and flipping in Burlington are:
South End: This is a trendy and artistic neighborhood that is located about 2 miles south of downtown Burlington. It has a lot of single-family and multi-family homes, as well as some condos and townhouses, that are close to many amenities such as galleries, breweries, and shops. The median home sold price in South End was $400,000 in 2020, which is higher than the city average. However, there are still some properties that can be purchased at a bargain, renovated, and sold for a profit, especially in the areas of Five Sisters, Lakeside, and South Willard, where the median home sold price was $375,000, $350,000, and $325,000, respectively.
New North End: This is a suburban and family-friendly neighborhood that is located about 4 miles north of downtown Burlington. It has a lot of single-family and multi-family homes, as well as some condos and townhouses, that are close to many amenities such as parks, schools, and shopping centers. The median home sold price in New North End was $300,000 in 2020, which is lower than the city average. There are many properties that can be upgraded and improved, as well as some new developments that can be purchased at a discount.
Winooski: This is an emerging and diverse neighborhood that is located about 3 miles east of downtown Burlington. It has a lot of single-family and multi-family homes, as well as some condos and townhouses, that are close to many amenities such as restaurants, bars, and shops. The median home sold price in Winooski was $250,000 in 2020, which is lower than the city average. There are many properties that can be renovated and sold for a profit, especially in the areas of Main Street, Malletts Bay, and East Allen, where the median home sold price was $275,000, $250,000, and $225,000, respectively.
For investors who are interested in buying and holding, Burlington offers many opportunities to find properties that have a high rental demand, a low vacancy rate, and a stable income. Some of the best neighborhoods for buying and holding in Burlington are:
Downtown Burlington: This is the business and cultural center of the city, where the Church Street, the Waterfront Park, and the University of Vermont are located. It has a lot of high-rise and mid-rise condos, lofts, and apartments, as well as some historic and modern homes. The median home sold price in downtown Burlington was $450,000 in 2020, which is higher than the city average. However, the rental demand is also high, especially for short-term rentals that cater to professionals, tourists, and students. The average rent in downtown Burlington was $2,000 per month in 2020, which translates to a gross rental yield of 5.3%.
Old North End: This is a historic and diverse neighborhood that is located about 1 mile north of downtown Burlington. It has a lot of single-family and multi-family homes, as well as some condos and townhouses, that are close to many amenities such as schools, parks, and shops. The median home sold price in Old North End was $350,000 in 2020, which is the same as the city average. The rental demand is also high, especially for long-term rentals that attract young professionals, families, and students. The average rent in Old North End was $1,500 per month in 2020, which translates to a gross rental yield of 5.1%.
Essex: This is a suburban and family-friendly neighborhood that is located about 10 miles east of downtown Burlington. It has a lot of single-family and multi-family homes, as well as some condos and townhouses, that are close to many amenities such as schools, parks, and shopping centers. The median home sold price in Essex was $300,000 in 2020, which is lower than the city average. The rental demand is also high, especially for long-term rentals that attract families, retirees, and workers. The average rent in Essex was $1,500 per month in 2020, which translates to a gross rental yield of 6%.
Portland, Maine
Portland is the largest city in Maine, with a population of over 500,000 people in the metropolitan area. It is also one of the most livable and charming cities in the U.S., with a mild climate, a scenic location, a diverse culture, and a strong economy. Portland has sectors such as health care, education, technology, and tourism.
Portland’s real estate market is affordable, but also competitive, with a housing price index growth of 36.9% from 2015 to 2020. The median home sold price in Portland was $350,000 in 2020, which is below the U.S. average of $430,300. The gross rental yield in Portland was 7.4% in 2020, which is above the ideal threshold of 7%. The vacancy rate in Portland was 4.8% in 2020, which is below the healthy range of 5% to 10%.
For investors who are interested in buying and flipping, Portland offers some opportunities to find properties that are in high demand, have a low inventory, and have a moderate appreciation rate. However, the low vacancy rate, the high competition, and the strict zoning regulations may make it challenging to find profitable deals. Some of the best neighborhoods for buying and flipping in Portland are:
West End: This is a historic and elegant neighborhood that is located about 1 mile west of downtown Portland. It has a lot of Victorian and colonial homes, as well as some condos and townhouses, that are close to many amenities such as museums, galleries, and restaurants. The median home sold price in West End was $500,000 in 2020, which is higher than the city average. However, there are still some properties that can be purchased at a bargain, renovated, and sold for a profit, especially in the areas of Western Promenade, Spring Street, and Danforth Street, where the median home sold price was $450,000, $400,000, and $350,000, respectively.
East End: This is a trendy and diverse neighborhood that is located about 1 mile east of downtown Portland. It has a mix of old and new homes, from cottages and bungalows to modern and contemporary. The median home sold price in East End was $400,000 in 2020, which is the same as the city average. There are many properties that can be upgraded and improved, as well as some new developments that can be purchased at a discount.
South Portland: This is a suburban and affordable neighborhood that is located about 3 miles south of downtown Portland. It has a lot of single-family and multi-family homes, as well as some condos and townhouses, that are close to many amenities such as parks, schools, and shopping centers. The median home sold price in South Portland was $300,000 in 2020, which is lower than the city average. There are many properties that can be renovated and sold for a profit, especially in the areas of Willard Square, Knightville, and Ferry Village, where the median home sold price was $325,000, $300,000, and $275,000, respectively.
For investors who are interested in buying and holding, Portland offers many opportunities to find properties that have a high rental demand, a low vacancy rate, and a stable income. Some of the best neighborhoods for buying and holding in Portland are:
Old Port: This is the historic and vibrant neighborhood that is located in the heart of downtown Portland. It has a lot of high-rise and mid-rise condos, lofts, and apartments, as well as some historic and modern homes. The median home sold price in Old Port was $550,000 in 2020, which is higher than the city average. However, the rental demand is also high, especially for short-term rentals that cater to professionals, tourists, and students. The average rent in Old Port was $2,500 per month in 2020, which translates to a gross rental yield of 5.5%.
Deering: This is a suburban and family-friendly neighborhood that is located about 2 miles north of downtown Portland. It has a lot of single-family and multi-family homes, as well as some condos and townhouses, that are close to many amenities such as schools, parks, and shops. The median home sold price in Deering was $350,000 in 2020, which is the same as the city average. The rental demand is also high, especially for long-term rentals that attract families, professionals, and students. The average rent in Deering was $1,750 per month in 2020, which translates to a gross rental yield of 6%.
Scarborough: This is a coastal and scenic neighborhood that is located about 10 miles south of downtown Portland. It has a lot of single-family and multi-family homes, as well as some condos and townhouses, that are close to many amenities such as beaches, piers, and golf courses. The median home sold price in Scarborough was $450,000 in 2020, which is higher than the city average. The rental demand is also high, especially for long-term rentals that attract families, retirees, and outdoor enthusiasts. The average rent in Scarborough was $2,000 per month in 2020, which translates to a gross rental yield of 5.3%.
Ithaca, New York
Ithaca is the largest city in the Finger Lakes region of New York, with a population of over 100,000 people in the metropolitan area. It is also one of the most educated and innovative cities in the U.S., with a high concentration of colleges, universities, and research centers. Ithaca has sectors such as education, health care, technology, and tourism.
Ithaca’s real estate market is affordable, but also competitive, with a housing price index growth of 34.6% from 2015 to 2020. The median home sold price in Ithaca was $250,000 in 2020, which is below the U.S. average of $430,300. The gross rental yield in Ithaca was 8.6% in 2020, which is above the ideal threshold of 7%. The vacancy rate in Ithaca was 4.5% in 2020, which is below the healthy range of 5% to 10%.
For investors who are interested in buying and flipping, Ithaca offers some opportunities to find properties that are in high demand, have a low inventory, and have a moderate appreciation rate. However, the low vacancy rate, the high competition, and the strict zoning regulations may make it challenging to find profitable deals. Some of the best neighborhoods for buying and flipping in Ithaca are:
Downtown Ithaca: This is the business and cultural center of the city, where the Ithaca Commons, the State Theatre, and the Cornell University are located. It has a lot of high-rise and mid-rise condos, lofts, and apartments, as well as some historic and modern homes. The median home sold price in downtown Ithaca was $300,000 in 2020, which is higher than the city average. However, there are still some properties that can be purchased at a bargain, renovated, and sold for a profit, especially in the areas of Fall Creek, South Hill, and West Hill, where the median home sold price was $275,000, $250,000, and $225,000, respectively.
East Ithaca: This is a suburban and affordable neighborhood that is located about 3 miles east of downtown Ithaca. It has a mix of old and new homes, from ranches and split-levels to modern and contemporary. The median home sold price in east Ithaca was $200,000 in 2020, which is lower than the city average. There are many properties that can be upgraded and improved, as well as some new developments that can be purchased at a discount.
Lansing: This is a rural and scenic neighborhood that is located about 10 miles north of downtown Ithaca. It has a lot of single-family and multi-family homes, as well as some condos and townhouses, that are close to many amenities such as lakes, parks, and golf courses. The median home sold price in Lansing was $250,000 in 2020, which is the same as the city average. There are some properties that can be renovated and sold for a profit, especially in the areas of Myers, Ludlowville, and North Lansing, where the median home sold price was $275,000, $250,000, and $225,000, respectively.
Want to buy real estate in the USA? Write to us on WhatsApp and Real Estate Group will find the best options for you. Everyone buys from us!
For investors who are interested in buying and holding, Ithaca offers many opportunities to find properties that have a high rental demand, a low vacancy rate, and a stable income. Some of the best neighborhoods for buying and holding in Ithaca are:
Collegetown: This is the most popular and vibrant neighborhood in Ithaca, where the Cornell University, the Ithaca College, and the Collegetown Center are located. It has a lot of high-rise and mid-rise condos, lofts, and apartments, as well as some townhouses and single-family homes. The median home sold price in Collegetown was $350,000 in 2020, which is higher than the city average. However, the rental demand is also high, especially for short-term rentals that cater to students, professors, and researchers. The average rent in Collegetown was $2,000 per month in 2020, which translates to a gross rental yield of 6.9%.
Cayuga Heights: This is a suburban and upscale neighborhood that is located about 2 miles north of downtown Ithaca. It has a lot of luxury and custom homes, as well as some condos and townhouses, that are close to many amenities such as schools, parks, and shops. The median home sold price in Cayuga Heights was $450,000 in 2020, which is higher than the city average. However, the rental demand is also high, especially for long-term rentals that attract families, executives, and celebrities. The average rent in Cayuga Heights was $2,500 per month in 2020, which translates to a gross rental yield of 6.7%.
Dryden: This is a rural and family-friendly neighborhood that is located about 15 miles east of downtown Ithaca. It has a lot of single-family and multi-family homes, as well as some condos and townhouses, that are close to many amenities such as schools, parks, and shopping centers. The median home sold price in Dryden was $200,000 in 2020, which is lower than the city average. The rental demand is also high, especially for long-term rentals that attract families, retirees, and workers. The average rent in Dryden was $1,500 per month in 2020, which translates to a gross rental yield of 9%.
