Top LocationsHere Are the 10 Most Affordable Real Estate Markets for 2019 by Heba Baker April 2, 2019April 2, 2019 by Heba Baker April 2, 2019April 2, 2019Buying an investment property in the US real estate market 2019 could be difficult if you don’t know where to look for deals. So, here are the most affordable real estate markets to start your search in.It’s not the easiest task to find affordable investment properties which also perform well. Yes, investors are always looking for the highest return on investment, but sometimes you have a tight budget and don’t have the liberty to take a risk on expensive real estate. However, this doesn’t mean you need to sacrifice the opportunity for a good investment.It’s possible to make the best real estate investments with affordable housing! You just need to know where the profitable opportunities lie in the most affordable real estate markets. This is especially important for the first-time real estate investor who doesn’t have the capital to spend. Let’s get straight to the point- here are the most affordable real estate markets for 2019.Related: What Is a Good Return on Real Estate Investment?Where to Invest for Cheap Real EstateIncreased home prices throughout the country’s markets shouldn’t stop investors from buying rental property. There are many markets out there with cheap homes for sale. If you use the right resources and manage the property well, you can expect high returns. So if you’re looking to land some great real estate deals in 2019, check out the country’s most affordable real estate markets that promise a good cash on cash return.Note: Based solely on real estate data, some markets perform better with Airbnb rentals, some with traditional rentals. However, before investing in short term rentals, be sure to check on regulations in the city.All data is provided by Mashvisor’s investment property calculator. 1. Camden, NJMedian Property Price: $101,550Price per Square Foot: $75Average Days on Market: 275Price to Rent Ratio: 6.82Monthly Traditional Rental Income: $1,241Traditional Cash on Cash Return: 5.36%Traditional Cap Rate: 5.36%Best Investment Rental Strategy: Traditional Rentals2. Trenton, NJMedian Property Price: $140,947Price per Square Foot: $103Average Days on Market: 117Price to Rent Ratio: 7.78Monthly Traditional Rental Income: $1,510Traditional Cash on Cash Return: 4.11%Traditional Cap Rate: 4.11%Best Investment Rental Strategy: Traditional Rentals3. Waterloo, IAMedian Property Price: $132,088Price per Square Foot: $86Average Days on Market: 80Price to Rent Ratio: 9.62Monthly Traditional Rental Income: $1,144Traditional Cash on Cash Return: 4.05%Traditional Cap Rate: 4.05%Best Investment Rental Strategy: Traditional Rentals4. Davenport, IAMedian Property Price: $147,815Price per Square Foot: $111Average Days on Market: 50Price to Rent Ratio: 9.69Monthly Airbnb Rental Income: $1,871Airbnb Cash on Cash Return: 5.07%Airbnb Cap Rate: 5.07%Monthly Traditional Rental Income: $1,271Traditional Cash on Cash Return: 3.96%Traditional Cap Rate: 3.96%Best Investment Rental Strategy: Airbnb Rentals5. Lancaster, SCMedian Property Price: $187,221Price per Square Foot: $98Average Days on Market: 169Price to Rent Ratio: 13.09Monthly Traditional Rental Income: $1,192Traditional Cash on Cash Return: 3.89%Traditional Cap Rate: 3.89%Best Investment Rental Strategy: Traditional Rentals6. Sinton, TXMedian Property Price: $128,775Price per Square Foot: $87Average Days on Market: 110Price to Rent Ratio: 9.53Monthly Traditional Rental Income: $1,126Traditional Cash on Cash Return: 3.74%Traditional Cap Rate: 3.74%Best Investment Rental Strategy: Traditional Rentals7. Marion, INMedian Property Price: $96,315Price per Square Foot: $63Average Days on Market: 145Price to Rent Ratio: 10.25Monthly Traditional Rental Income: $783Traditional Cash on Cash Return: 3.41%Traditional Cap Rate: 3.41%Best Investment Rental Strategy: Traditional Rentals8. Cedar Rapids, IAMedian Property Price: $151,845Price per Square Foot: $99Average Days on Market: 73Price to Rent Ratio: 10.74Monthly Traditional Rental Income: $1,178Traditional Cash on Cash Return: 3.12%Traditional Cap Rate: 3.12%Best Investment Rental Strategy: Traditional Rentals9. Dayton, OHMedian Property Price: $106,669Price per Square Foot: $77Average Days on Market: 79Price to Rent Ratio: 10.21Monthly Airbnb Rental Income: $1,554Airbnb Cash on Cash Return: 6.49%Airbnb Cap Rate: 6.49%Monthly Traditional Rental Income: $871Traditional Cash on Cash Return: 3.1%Traditional Cap Rate: 3.1%Best Investment Rental Strategy: Airbnb Rentals10. Saint Cloud, MNMedian Property Price: $188,459Price per Square Foot: $109Average Days on Market: 73Price to Rent Ratio: 12.09Monthly Traditional Rental Income: $1,299Traditional Cash on Cash Return: 3.09%Traditional Cap Rate: 3.09%Best Investment Rental Strategy: Traditional RentalsTo start searching for investment properties in the most affordable real estate markets, click here.Related: Top 7 Cheapest Cities for Buy-and-Hold Investment PropertiesNow that you know what the most affordable real estate markets for 2019 are, there are a few more things to keep in mind.Some Quick Trends to Keep in MindWhy are some cities considered the most affordable real estate markets, and others not? You need to understand how the house price trends are affecting other factors of the real estate market.For example, it’s expected that the 30-year fixed mortgage rate will increase from 4.53% (current) to 5% in 2019. An increase in investment property mortgage rates, however, will not slow down home sales because of the strength of the economy. What do these real estate market trends mean for affordability? Well, there wouldn’t be any increases in rates if there wasn’t higher inflation. This inflation is caused by a boost in wage growth. Ultimately, you will have to keep an eye on household incomes and mortgage rates which define the affordability of a market.Related: The 2019 US Housing Market: A Seller’s Market or Buyer’s Market?Learn More About the Most Affordable Real Estate MarketsTo get the best real estate deals, you need to find the best investment properties in those markets first. And if you’re wondering how to do that, there’s no need to worry. Sign up with Mashvisor and find all the real estate investment tools you’d possibly need to make the best investments.For example, our heatmap analysis will narrow down your property search in the most affordable real estate markets from city, to neighborhood, and ultimately, to the exact rental property you’re looking for. With the heatmap, you can prioritize property price as the key search filter, and the map will highlight the most affordable housing areas. To start your 14-day free trial with Mashvisor and subscribe to our services with a 20% discount after, click here.Which of the most affordable real estate markets will you choose to invest in?Related: Find the Best Investment Properties Using Heat Map Analysis Start Your Investment Property Search! START FREE TRIAL Affordable MarketsCamden NJDavenport IALancaster SCTrenton NJWaterloo IA 0FacebookTwitterGoogle +PinterestLinkedin Heba BakerHeba is Content Writer at Mashvisor with a BA in Business Administration. Most of all, she enjoys writing about the constantly changing markets in the US real estate industry. If not writing, Heba is exploring and learning. Previous Post 6 Easy Ways to Start Investing in Real Estate Property Next Post Budget-Friendly Decorating Ideas for Your Rental Property Related Posts Airbnb San Diego 2018: Why and Where to Invest Best Places to Invest In Real Estate Short-Term Vacation Rentals in 2018 Where to Look for Cleveland Houses for Sale to Invest In Should You Go for Chicago Real Estate Investing? 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