5 Best Places to Invest in Rental Property in 2021

4. Los Angeles, California, US

Los Angeles is the largest city in the state of California and is home to the United State’s entertainment industry including Hollywood and theatre. The population growth rate has somewhat slowed down with only a 0.1% growth in 2021 from the previous year. However, the city has a whopping population of 12 million people so there’s plenty of reasons for it to have a lucrative real estate market, especially due to new people moving in the city for economic opportunities.

The price to rent ratio in the city is insanely high at 37, meaning that most people favor renting property over buying it and that has to do with an equally insane real estate value rise that is growing at a rate of 4.4% annually with an average home costing around $615K.

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