Top Locations The 15 Best Places to Buy a Condo for Investment in the US by Eman Hamed December 11, 2018January 24, 2022 by Eman Hamed December 11, 2018January 24, 2022 No one can deny that investing in real estate is a great way to make money. And one of the best things about the industry is that it offers different types of properties that you can capitalize on. One of these property types is condominiums (condos for short). Renting out a condo is a viable investment choice for property investors living in economically healthy housing markets who are interested in investing in real estate. How come? And where exactly are the best places to buy a condo for investment in the US? Keep reading to find out. 3 Reasons to Consider Investing in a Condo in 2019 1) Buying a Condo Costs Less The last thing you want as a real estate investor is to invest in a property that you can’t afford to pay for. This will increase the risks of facing foreclosure or short-sale and basically losing your investment property. If you’re a beginner investor and you don’t have a big budget, finding an affordable property is essential. This is why buying a condo real estate investment is a good option for you, as condos generally cost less than single-family homes and townhouses in most housing markets across the country. Related: The Real Estate Investor’s Guide to Buying Condos for Sale 2) Owning a Condo Can Be a Passive Investment While investing in a rental property is definitely hard work, owning a condo real estate investment is easier than owning other types of properties. This is because condos come with a wide range of amenities and services that take away a lot of the responsibilities that property investors have to tackle. If you own a condo, you don’t have to worry about cleaning the pool, mowing the lawn, improving the curb appeal, etc. As a result, renting out a condo is a great passive income investment strategy! What’s best is that, because a condo comes with more amenities, a real estate investor can charge higher for rent than for another property in the same location. Meaning, investing in a condo can yield higher rental income and total return on investment. That’s, of course, if you’re investing in the best places to buy a condo for investment. You can start searching for and analyzing condos for sale on Mashvisor. Click here to get started. 3) Condos Attract High Demand According to the PwC’s Emerging Trends in Real Estate 2019 Report, the “condominium market is getting a lift from baby boomers who are downsizing and moving into the city core.” Millennials (university students, young families, and young professionals) are also creating demand in the condo market. There are two main reasons for this. First, condos are located in the center of hot real estate markets, while single-family houses are typically found in the suburbs. The second reason is that these tenants want to enjoy the many amenities that condos offer at a reasonable price. This higher demand means higher rents, a positive cash flow, and higher profits for property investors. Related: Real Estate Investing 101: How to Find Positive Cash Flow Properties in the US Housing Market The Best Places to Buy a Condo for Investment These are the main reasons that make buying a condo for investment a smart decision. As you can tell, location is key for the success of a condo real estate investment. So, if you’re wondering where to buy a condo, here’s a list of the 15 best places to buy a condo for investment in terms of cash on cash return according to Mashvisor’s Rental Property Calculator. Related: Best Places to Invest in Real Estate 2018 for High Traditional CoC Return Note: All data is based on Mashvisor’s predictive analytics and projections expect for Walk Scores which are provided by walkscore.com. To learn more about our product, click here. Fort Stewart, GA Median Property Price: $210,000 Price Per Sq/Ft: $123 Rental Income: $1,710 Price-to-Rent Ratio: 10 Cash on Cash Return: 13% Walk Score: 6 Londonderry, VT Median Property Price: $129,900 Price Per Sq/Ft: $141 Rental Income: $7,120 Price-to-Rent Ratio: 2 Cash on Cash Return: 12% Walk Score: 4 Waterville Valley, NH Median Property Price: $131,833 Price Per Sq/Ft: $130 Rental Income: $7,202 Price-to-Rent Ratio: 2 Cash on Cash Return: 11% Walk Score: 21 Westhampton Beach, NY Median Property Price: $986,167 Price Per Sq/Ft: $1,031 Rental Income: $19,992 Price-to-Rent Ratio: 4 Cash on Cash Return: 10% Walk Score: 60 East Massapequa, NY Median Property Price: $559,000 Price Per Sq/Ft: $269 Rental Income: $3,684 Price-to-Rent Ratio: 13 Cash on Cash Return: 10% Walk Score: 50 Eagle Creek, IN Median Property Price: $212,600 Price Per Sq/Ft: $90 Rental Income: $1,940 Price-to-Rent Ratio: 9 Cash on Cash Return: 9% Walk Score: 51 Windham, NY Median Property Price: $546,000 Price Per Sq/Ft: $404 Rental Income: $9,260 Price-to-Rent Ratio: 5 Cash on Cash Return: 8% Walk Score: 44 Brian Head, UT Median Property Price: $150,380 Price Per Sq/Ft: $152 Rental Income: $3,107 Price-to-Rent Ratio: 4 Cash on Cash Return: 8% Walk Score: 8 Harlan, IA Median Property Price: $177,000 Price Per Sq/Ft: $152 Rental Income: $1,150 Price-to-Rent Ratio: 13 Cash on Cash Return: 8% Walk Score: 52 Tioga, ND Median Property Price: $119,500 Price Per Sq/Ft: $83 Rental Income: $1,095 Price-to-Rent Ratio: 9 Cash on Cash Return: 8% Walk Score: 46 West Palm Beach, FL Median Property Price: $261,886 Price Per Sq/Ft: $220 Rental Income: $1,500 Price-to-Rent Ratio: 15 Cash on Cash Return: 8% Walk Score: 42 Huntington, WV Median Property Price: $270,112 Price Per Sq/Ft: $165 Rental Income: $940 Price-to-Rent Ratio: 24 Cash on Cash Return: 8% Walk Score: 45 The Villages, FL Median Property Price: $348,117 Price Per Sq/Ft: $26,817 Rental Income: $3,061 Price-to-Rent Ratio: 9 Cash on Cash Return: 8% Walk Score: 7 Littleton, NC Median Property Price: $405,000 Price Per Sq/Ft: $124 Rental Income: $1,261 Price-to-Rent Ratio: 27 Cash on Cash Return: 7% Walk Score: 34 Clarksville, NH Median Property Price: $130,000 Price Per Sq/Ft: $70 Rental Income: $1,000 Price-to-Rent Ratio: 11 Cash on Cash Return: 7% Walk Score: 18 Start your 14-day free trial with Mashvisor now to get access to our rental property calculator and other tools to help you find the best condo for investment anywhere in the US housing market. The Bottom Line To sum up, owning and renting out a condo is, indeed, a profitable real estate investment opportunity. As data from Mashvisor shows, property investors can find affordable condos that achieve a high return on investment in terms of cash on cash return. Of course, location matters when it comes to investing in a condo. So, consider the above-mentioned best places to buy a condo for investment in the US and use our tools to analyze and compare properties to find the one that best meets your criteria and goals as a real estate investor. Grab the best available Residential Investment Condos for Sale: Investment condos for sale in Lake Investment condos for sale in Nevada Investment condos for sale in San Diego Investment condos for sale in Los Angeles Start Your Investment Property Search! START FREE TRIAL CondoThe Villages FLWest Palm Beach FL 0 FacebookTwitterGoogle +PinterestLinkedin Eman Hamed Eman is a Content Writer at Mashvisor. With a focus on market reports, she enjoys researching the state of the real estate market in different cities across the US. Eman also writes about trends, forecasts, and tips for beginner investors to gain the confidence and knowledge they need to make wise decisions. Previous Post The Miami Housing Market Forecast for 2019 Next Post Should You Invest in the Scottsdale Real Estate Market in 2019? Related Posts The 2018 Las Vegas Real Estate Market Is Turning Up the Heat – Here’s Why The Figures You Need to Know to Invest in Nashville Real Estate Sacramento Housing Market 2019: Why and Where to Invest Best places to buy vacation rental property San Antonio Real Estate Market 2019: Why and Where to Invest San Diego Housing Market 2019: 6 Current Trends You Need to Know Here Are the Top 10 Real Estate Markets for 2017 What’s the Deal With Miami Beach Real Estate Investing? 10 Best Places to Invest in Real Estate in 2019 The Boston Housing Market 2019: How’s It Looking for Investors? 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