In this article we discuss the 5 best places to invest in rental property in 2021. If you want to read our detailed analysis of the rental property industry, go directly to the 20 Best Places to Invest in Rental Property in 2021.
5. San Diego, California, US
San Diego is one of the largest cities in the state of California. The city has a population of 3.2 million in 2021 with a growth rate of 0.65% from the previous year. Where San Diego lacks in population growth, it makes up in the real estate growth rate, which is at an impressive 4.2% as of 2021. The average home costs around $729K in the city.
Real estate affordability in San Diego is practically a fiction due to staggering housing rates. This has led to an extremely high Price to Rent ratio which stands at a whopping 30.