Top LocationsThe 15 Best Places to Buy a Condo for Investment in the US by Eman Hamed December 11, 2018February 20, 2019 by Eman Hamed December 11, 2018February 20, 2019No 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 20191) 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 Sale2) 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 MarketThe 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 ReturnNote: 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, GAMedian Property Price: $210,000Price Per Sq/Ft: $123Rental Income: $1,710Price-to-Rent Ratio: 10Cash on Cash Return: 13%Walk Score: 6Londonderry, VTMedian Property Price: $129,900Price Per Sq/Ft: $141Rental Income: $7,120Price-to-Rent Ratio: 2Cash on Cash Return: 12%Walk Score: 4Waterville Valley, NHMedian Property Price: $131,833Price Per Sq/Ft: $130Rental Income: $7,202Price-to-Rent Ratio: 2Cash on Cash Return: 11%Walk Score: 21Westhampton Beach, NYMedian Property Price: $986,167Price Per Sq/Ft: $1,031Rental Income: $19,992Price-to-Rent Ratio: 4Cash on Cash Return: 10%Walk Score: 60East Massapequa, NYMedian Property Price: $559,000Price Per Sq/Ft: $269Rental Income: $3,684Price-to-Rent Ratio: 13Cash on Cash Return: 10%Walk Score: 50Eagle Creek, INMedian Property Price: $212,600Price Per Sq/Ft: $90Rental Income: $1,940Price-to-Rent Ratio: 9Cash on Cash Return: 9%Walk Score: 51Windham, NYMedian Property Price: $546,000Price Per Sq/Ft: $404Rental Income: $9,260Price-to-Rent Ratio: 5Cash on Cash Return: 8%Walk Score: 44Brian Head, UTMedian Property Price: $150,380Price Per Sq/Ft: $152Rental Income: $3,107Price-to-Rent Ratio: 4Cash on Cash Return: 8%Walk Score: 8Harlan, IAMedian Property Price: $177,000Price Per Sq/Ft: $152Rental Income: $1,150Price-to-Rent Ratio: 13Cash on Cash Return: 8%Walk Score: 52Tioga, ND Median Property Price: $119,500Price Per Sq/Ft: $83Rental Income: $1,095Price-to-Rent Ratio: 9Cash on Cash Return: 8%Walk Score: 46West Palm Beach, FLMedian Property Price: $261,886Price Per Sq/Ft: $220Rental Income: $1,500Price-to-Rent Ratio: 15Cash on Cash Return: 8%Walk Score: 42Huntington, WVMedian Property Price: $270,112Price Per Sq/Ft: $165Rental Income: $940Price-to-Rent Ratio: 24Cash on Cash Return: 8%Walk Score: 45The Villages, FLMedian Property Price: $348,117Price Per Sq/Ft: $26,817Rental Income: $3,061Price-to-Rent Ratio: 9Cash on Cash Return: 8%Walk Score: 7Littleton, NCMedian Property Price: $405,000Price Per Sq/Ft: $124Rental Income: $1,261Price-to-Rent Ratio: 27Cash on Cash Return: 7%Walk Score: 34Clarksville, NHMedian Property Price: $130,000Price Per Sq/Ft: $70Rental Income: $1,000Price-to-Rent Ratio: 11Cash on Cash Return: 7%Walk Score: 18Start 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 LineTo 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. Start Your Investment Property Search! START FREE TRIAL CondoThe Villages FLWest Palm Beach FL 0FacebookTwitterGoogle +PinterestLinkedin Eman HamedEman 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. 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