Top 12 Markets for 2020

By Christopher Levarek

“FIND OUT WHERE THE PEOPLE ARE GOING AND BUY THE LAND BEFORE THEY GET THERE.”

- WILLIAM PENN ADAIR

As we near a upcoming peak in the real estate cycle, it is now more important then ever to buy real estate in great markets. Buying right in the right market will allow an investor to be better shielded from the effects of a possible recession while increasing the profitability of the overall investment.

In real estate, a great market is defined by a number of market metrics or indicators. As discussed in a previous article in more depth, the following are some of these metrics and criteria determining a “great market” to invest for this top 12 list:

Note: “Average” is comparing to the National Average across the United States.

Landlord and business friendly state
Below average unemployment 3.6%
Above average population growth 1.2%
Above average affordability gap $239/month
Above average rent growth 2.5%
Above average employment growth 1.4%
Above average cap rate 5.4%
Below average price per unit $170,000

Based on the data collected and according to Brad Sumrok, the “Apartment King”, recognized as one of the top apartment investor/syndicator and educator in the real estate apartment space, the following top 12 markets to target for 2020 are:

Texas Triangle (Austin, Houston, Dallas, San Antonio)

2. Phoenix/Tuscon, Arizona

3. Tampa/Orlando/Jacksonville, Florida

4. Las Vegas, Nevada

5. Atlanta, Georgia

6. Columbus, Ohio

7. Denver, Colorado

8. Charleston, South Carolina

9. Nashville, Tennessee

10. Charlotte, North Carolina

11. Indianapolis, Indiana

12. Salt Lake City, Utah

In Final

The data used to determine these top 12 were pulled from quality real estate sources such as CBRE, Marcus & Millichap, Costar and Berkadia. We encourage readers to perform their own due diligence and invest in a market that works for their business plan or numbers. Invest Smart!