The Austin metro area is number 10 on the list of best places for residential development. That’s according to a study released today by BiggerPockets, a online hub for real estate investors.
The 2016 BiggerPockets Real Estate Investment Market Index analyzed the country’s 50 largest Metropolitan Statistical Areas to determine those that were most likely to produce provided strong returns for residential real estate investors between early 2015 and early 2016. The index measures both appreciation and gross rents as a percentage of average purchase prices.
Three Texas cities made the list, with Dallas taking the number one spot for the second year in a row.
Top 10 Cities Offering the Most Opportunity for Real Estate Investors, 2016
- Dallas, TX
- Portland, OR
- Denver, CO
- Miami, FL
- Tampa, FL
- Seattle, WA
- Nashville, TN
- Atlanta, GA
- Houston, TX
- Austin, TX
Austin also ranked ninth in the index’s list of top markets for residential property appreciation.
The study aggregated numbers from the federal department of Housing and Urban development’s determination of fair market value of a home, Zillow rent data, and Zillow sales data to determine reasonable estimates of those data.