Top LocationsTop 15 Cities for a Senior Housing Investment in 2019 by Eman Hamed December 7, 2018February 20, 2019 by Eman Hamed December 7, 2018February 20, 2019The senior housing real estate sector in the US has experienced some positive changes (and continues to). Today, this asset class is no longer under the radar, but rather an investment opportunity that’s getting the attention of real estate investors. According to the 40th annual Emerging Trends in Real Estate Report from PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI), a senior housing investment is one of the best options for investors in 2019.In the report, which surveyed US investors and real estate professionals, the senior housing sector was found to be the top prospect for both investment and development of residential property types. It also ranked 2nd for investment and 3rd for development prospects in the commercial and multifamily subsectors for the year ahead.In this blog post, we highlight some of the benefits of investing in senior housing investment properties and provide a list of the 15 best cities in the US housing market to consider for such an investment.Great news! Some of these cities made the list of 10 Best Places to Invest in Real Estate in 2019.Benefits of a Senior Housing Investment#1 Demographic TrendsAccording to Haven Senior Investments, the 85+ population in the US is projected to double from 7.2 million in 2018 to 14.4 million in 2040. As a result, developers of senior housing properties will be forced to meet this increasing demand and expectations in terms of quality and options available. A savvy real estate investor looking for stable, long-term profits will capitalize on this demographic trend through a senior housing investment.#2 Investment PerformanceThe senior housing real estate sector has steadily outpaced other investment property types in terms of income stream, appreciation and total return on investment. According to the National Council of Real Estate Investment Fiduciaries (NCREIF), over the last 10 years, senior housing generated:Total return on investment of 10.52% versus 6.10% for apartmentsTotal income returns of 6.61% versus 5.20% for apartmentsTotal appreciation returns of 3.73% versus 1.03% for apartmentsAs you can see, a senior housing investment is an incredibly promising one.#3 Downside ProtectionAnother benefit of investing in senior housing real estate is that it has proven to be recession-resilient. While occupancy rates declined during the Great Recession, rent growth and annual net absorption remained positive in this sector throughout the downturn. This is very different than the other types of real estate rental properties where rent decline was massive and cash flow was severely affected. Not to mention, a senior housing investment will create diversification in your real estate portfolio, which is needed to reduce risks.For more details on why to jump into the senior housing market, read: Investing in Senior Housing Is the Next Big Thing for 2019. Where to Consider Buying a Senior Housing InvestmentIf you’re seriously considering to invest in the senior housing market, you must be wondering which cities are best for this type of real estate investing. To help you out, we did our research and found that the following 15 cities are the ones that you should keep your eye on. These cities were listed as the best places to retire in 2019 by U.S News & World Report as they provide the type of life that seniors age 65 and older look for.Related: Buying an Investment Property in the Best Places to RetireNote: The provided data is as projected using Mashvisor’s investment property calculator – the ultimate tool for any real estate investor to find the best properties in the best locations in a matter of minutes. To learn more about our product, click here. The Villages, FloridaMedian Property Price: $305,805Price Per Sq/Ft: $1,300Rental Income: $3,059Cash on Cash Return: 7%Roanoke, VirginiaMedian Property Price: $204,788Price Per Sq/Ft: $100Rental Income: $1,079Cash on Cash Return: 2%Venice, Florida Median Property Price: $352,325Price Per Sq/Ft: $200Rental Income: $1,921Cash on Cash Return: 3%Washington, D.C.Median Property Price: $649,732Price Per Sq/Ft: $542Rental Income: $2,636Cash on Cash Return: 2%Charleston, South CarolinaMedian Property Price: $215,176Price Per Sq/Ft: $103Rental Income: $1,023Cash on Cash Return: 2%Bella Vista, ArkansasMedian Property Price: $222,714Price Per Sq/Ft: $103Rental Income: $1,132Cash on Cash Return: 2%Pittsburgh, PennsylvaniaMedian Property Price: $301,603Price Per Sq/Ft: $243Rental Income: $1,215Cash on Cash Return: 2%To learn more about the Pennsylvania housing market trends from 10 real estate experts, read this article on FitSmallBusiness.Colorado Springs, Colorado Median Property Price: $387,207Price Per Sq/Ft: $157Rental Income: $1,443Cash on Cash Return: 2%Lakeland, FloridaMedian Property Price: $251,485Price Per Sq/Ft: $122Rental Income: $1,166Cash on Cash Return: 1%Daytona Beach, FloridaMedian Property Price: $253,282Price Per Sq/Ft: $172Rental Income: $1,008Cash on Cash Return: 1%Lexington, KentuckyMedian Property Price: $344,620Price Per Sq/Ft: $409Rental Income: $1,327Cash on Cash Return: 1%San Diego, California Median Property Price: $791,487Price Per Sq/Ft: $503Rental Income: $2,741Cash on Cash Return: 1%Jacksonville, FloridaMedian Property Price: $303,877Price Per Sq/Ft: $153Rental Income: $1,294Cash on Cash Return: 1%Raleigh, North CarolinaMedian Property Price: $425,912Price Per Sq/Ft: $1,076Rental Income: $1,505Cash on Cash Return: 1%Melbourne, FloridaMedian Property Price: $325,640Price Per Sq/Ft: $167Rental Income: $1,261Cash on Cash Return: 1%To start looking for and analyzing the best investment properties in your city and neighborhood of choice, click here.The Bottom LineTo sum up, there are a fair amount of reasons to start investing in senior housing real estate in the US. Driven by positive demographic trends and other factors, a senior housing investment is a very attractive option for real estate investors. In addition, the demand for senior housing properties is increasing across the country as Baby Boomers continue to age. In effect, this makes an intermediate to long-term investment in the senior housing market even more practical and appealing.Keep the above-mentioned cities in mind as you search for your next investment property. We also advise you not to pick just one city – smart real estate investors understand that diversification is key to success. Our Property Finder Tool allows you to search for and find the best investment properties that are currently listed for sale in up to 5 cities at once!Click here to start your 14-day free trial with Mashvisor and subscribe to our services with a 20% discount after. Start Your Investment Property Search! START FREE TRIAL Colorado Springs COJacksonville FLPittsburgh PASan Diego CASenior HousingWashington DC 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. Previous Post The New York City Real Estate Market Forecast for 2019 Next Post Investing in Senior Housing Is the Next Big Thing for 2019 Related Posts How can you be making money in real estate in expensive cities? Where to Buy California Multifamily Properties for Sale in 2019 What Are the Best Performing Cash on Cash Return Markets in the US? What’s the Top Commercial Real Estate Market in the US Right Now? 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