Top Locations The Top Southern Cities to Invest In by Yasmeen Mjalli March 18, 2017January 31, 2019 by Yasmeen Mjalli March 18, 2017January 31, 2019 IT’S ABOUT TIME YOU INVESTED IN SOME SOUTHERN SENSIBILITY . There is something about the South that keeps us coming back. Between the friendliness and the charm, the rich food, the music scene, and everything from the mountains to the beach, it’s a jewel within American culture. We’ve all left the South having indulged in a few too many fried foods (deep-fried Oreos, am I right?), a suit-case full of antiques we never knew we needed, and an accent that we swear we had before. As rich as the south is, it’s no surprise that it’s also ripe for real estate investing. With many cities growing in popularity, tourism, and capital, it’s time to consider looking into some properties. Here are the top Southern cities to invest in: DALLAS Dallas is a real estate market with strong price appreciation. The city features an average home price of $439,095. That number has increased considerably across the last few years ago and is underpriced by 3% compared to the city’s historic average and local incomes. It is estimated that prices will increase 31% by 2020 partially due to a steady level of job growth and and to a 6.2% population growth. Investors can potentially earn nearly 20% return before expenses. Dallas is easily one of the top Southern cities to invest in. THE NUMBERS: City Average Traditional CoC Return: 2.15% City Average Airbnb CoC Return: 2.52% Median Home Price: $439,095 Average Traditional Monthly Income: $1,838 Average Airbnb Monthly Income: $1,754 DALLAS NEIGHBORHOOD #1: City Center District Median property sale price: $399,000 Average Airbnb Rental Income: $2,364 Average Traditional Rental Income $1,845 DALLAS NEIGHBORHOOD #2: Farmer’s Market District Median property sale price: $250,000 Average Airbnb Rental Income: $3,119 Average Traditional Rental Income $1,845 Related: The Ultimate Guide To The Airbnb Investment Property TAMPA In Tampa, both home prices and population have increased greatly over the last few years. Job growth is about 2.6%. The city’s investors are walking away with approximately 16.4% return thanks to cash flow. As one of the top Southern cities to invest in, Tampa is full of opportunity. THE NUMBERS: City Average Traditional CoC Return: 3.36% City Average Airbnb CoC Return: 3.07% Median Home Price: $355, 015 Average Traditional Monthly Income: $1,550 Average Airbnb Monthly Income: $1,159 TAMPA NEIGHBORHOOD #1: North Hyde Park Median property sale price: $637,500 Average Airbnb Rental Income: $2,167 Average Traditional Rental Income $1,438 TAMPA NEIGHBORHOOD #2: Historic Ybor Median property sale price: $165,000 Average Airbnb Rental Income: $2,654 Average Traditional Rental Income $1,098 Related: Top 5 Alternative Ways to Find An Investment Property NASHVILLE Nashville enjoys 9% annual home price growth and 2.7% annual job growth. With 6% three-year population growth it was among the fastest growing cities on the list. As demand grows, homes here are under priced by With these numbers, Nashville is easily one of the top Southern cities to invest in. THE NUMBERS: City Average Traditional CoC Return: 2.35% City Average Airbnb CoC Return: 5.68% Median Home Price: $535,000 Average Traditional Monthly Income: $1,81.5 Average Airbnb Monthly Income: $2,857.48 NASHVILLE NEIGHBORHOOD #1: Acklen Avenue Alliance Median property sale price: $659,900 Average Airbnb Rental Income: $7,292.70 Average Traditional Rental Income $1,490 NASHVILLE NEIGHBORHOOD #2: West End Park Median property sale price: $499,000 Average Airbnb Rental Income: $3,270.16 Average Traditional Rental Income $2,493.69 Related: https://www.mashvisor.com/blog/airbnb-traditional-investment/ CHARLOTTE Charlotte has 8% annual home price growth, 2.1% annual job growth and 5.7% three-year population growth. The city’s property prices are undervalued by 11%. A 2015 study by Home Union revealed the top 10 investment markets for single-family rentals with Charlotte landing itself in first place. Charlotte is also one of the nation’s a major financial city: you might be surprised to know that Charlotte is now the second largest banking city in the country after New York City. On top of all that, home prices are relatively low and Charlotte is home to more than 8 colleges and universities – making it easy to find tenants. It’s easily one of the top Southern cities to invest in. City Average Traditional CoC Return: 6.58% City Average Airbnb CoC Return: 10.04% Median Home Price: $265,606 Average Traditional Monthly Income: $1,663 Average Airbnb Monthly Income: $2,606 CHARLOTTE NEIGHBORHOOD #1: First Ward Median property sale price: $372,700 Average Airbnb Rental Income: $1,829.88 Average Traditional Rental Income $2,268.96 CHARLOTTE NEIGHBORHOOD #2: Dilworth Median property sale price: $450,000 Average Airbnb Rental Income: $1,695.62 Average Traditional Rental Income $2,066.96 ATLANTA With a population of 5.6 million people, Atlanta is a large city that is projected to keep growing in the coming years, making it one of the top Southern cities to invest in. It has also seen an appreciation in job growth and while home prices increased 8% in 2016, they are still undervalued by about 17%. Investors in the Atlanta market saw a 16.4% return over the past year thanks to nearly even gains in cash flow and price appreciation. City Average Traditional CoC Return: 6.58% City Average Airbnb CoC Return: 10.04% Median Home Price: $422,172 Average Traditional Monthly Income: $1,855 Average Airbnb Monthly Income: $1,554 ATLANTA NEIGHBORHOOD #1: Virginia Highland Median property sale price: $750,000 Average Airbnb Rental Income: $2,060 Average Traditional Rental Income $1,633 ATLANTA NEIGHBORHOOD #2: Midtown Median property sale price: $349,900 Average Airbnb Rental Income: $1,567 Average Traditional Rental Income $3,954 Related: Top 5 Major Cities for Buy-and-Hold Investment Properties Start Your Investment Property Search! START FREE TRIAL Start Your Investment Property Search! START FREE TRIAL Atlanta GACharlotte NCDallas TXNashville TNTampa FL 0 FacebookTwitterGoogle +PinterestLinkedin Yasmeen Mjalli Yasmeen is an experienced content writer who enjoys writing about real estate tools and resources and helping you find the most profitable locations for property investments. 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