Best Places in California to Invest in Real Estate

In this article, we are going to be discussing the Best Places in California to Invest in Real Estate. The real estate markets in most large metros in California are described as expensive, with very few homes for sale.

Best Places in California to Invest in Real Estate

Best Places in California to Invest in Real Estate

California is an enormous state with millions of residents. Such real estate markets will vary a great deal, depending on location. naturally, proximity to big metros like LA and San Francisco comes with higher price tags.

The best places in California to invest in real estate will have affordability, job growth, and population growth. People always ask, is there anywhere in California where there is still affordability, Job growth, and population growth?

Best Places in California to Invest in Real Estate

The following are areas around that offer solid housing markets for investors in California:

Beaumont

The city has grown over 38% in population since 2010 and is the second-fastest-growing city in the state. The Beaumont is a city that is placed in the Riverside country between two of the tallest mountains in Southern California.

The housing market is competitive in Beaumont, most likely because it’s more affordable than surrounding Riverside and San Bernardino metros.

Coalinga

Coalinga is a city that is placed in Fresno Country, it is a small but one of the fastest-growing cities in California. There are three affordable colleges and universities close by home. Last month’s average home sale price was $194,00, which is a 1.6% increase from the last year.

Riverside County

The Riverside is a housing market that is similar to San Bernardino’s, but generally a bit more expensive. Average home prices In Riverside Country.

Sacramento Roseville

Sacramento is the capital of California, it has areas with good affordability, and strong job and population growth. Arden and Arcade are both located in Sacramento Country and Roseville is one of the largest cities in the metro.

This is another place to invest in real estate. The median home price in these areas is $327,073. Home values around Sacramento and Roseville are expected to grow as much as 33 percent over the next three years.

Douglas City

Douglas city is in California and it is one of the best places to invest in real estate. This city is just 45 minutes west of Redding in Trinity country, the Douglas City area is a mountain town settled during the California Gold Rush.

The county’s population is smaller than most, but growing with its proximity to large metros.

Los Angeles County-San Pedro

It was said according to Redfin, the average price of homes sold last month in San Pedro was $620,000 a 2.2 percent increase year-over-year. More than half of its residents rent instead of own.

However, Zillow predicts that homes priced in the San Pedro area will start to go down in the next few months. San Pedro is still a bit pricey, with average rents of $2,500.

Conclusion

With this article, I hope you pick one of the best places to invest in California. Don’t forget that it’s totally possible to buy somewhat affordable property in parts of California with high rental demand and strong appreciation potential.

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