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Best Cities to Invest in Real Estate By Zip Codes
Real estate investors and home buyers alike are becoming a little more savvy about searching for good investments and properties in the best cities. While you can search by State, County, City, neighbourhood or suburb, you might need to look at other indicators. More of us are seaching via zip codes.
Zip codes might give us additional cues or signals about homes for sale and home price trends in the areas we’d like to invest. In this previous post, I discussed the top 80 best cities to invest in income properties. Great info for investors, and in this post, we’re hunting for the best zip codes across the US. There are over 32,000 zip codes in the country, and according to research from realtor.com, there are hot zip codes to pay attention to.
Any sharp real estate investor knows to look beyond their own city or town to look outward to other cities where property values are rising, where the local economies are strong, and where further positive growth factors exist.
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7 Factors that make the Best Zip Codes so Attractive for Investors
1. home prices are projected to rise faster than other areas
2. positive outlook for employment
3. local economy is predicted to be better than other areas
4. more of the right properties are available
5. there is a strong housing shortage in that area
6. there is a strong commitment to neighborhood improvement
7. there are good schools nearby
Best Real Estate Investment – By Zip Codes
Realtor.com conducted some research recently to find the best zip codes in the country. They chose a stat you might think is insufficient as a guide to invest — solely on demand. Their list is based on a) the time it took properties to sell, and b) how frequently homes are viewed in each ZIP code. There are other factors that go beyond current demand such as overall housing forecasts, specific features, crime rates, commuting time, types of properties, and more which will impact whoever rents your property or buys it.
Here’s a cool graphic from homesnacks.net that you’ve probably never seen before. It maps out all the zip codes according to these factors:
- Population Density
- College Degree Holders
- Unemployment Rates
- Household Incomes
- Short Commute Times
- Home Values
Looks like the give the thumbs up to Seattle, So Cal, Wisconsin, New England, and the core of Texas.
That’s a different ranking of zip codes, and it may help decide on, or avoid investing in properties in specific regions.
Here’s Realtor.com’s top 50 real estate zip codes:
|Rank||ZIP Code||Community, State|
|2||94523||Pleasant Hill, CA|
|4||80916||Colorado Springs, CO|
|5||78247||San Antonio, TX|
|10||92104||North Park, CA|
|12||66204||Overland Park, KS|
|14||95123||San Jose, CA|
|17||94585||Suisun City, CA|
|21||46804||Fort Wayne, IN|
|29||90230||Culver City, CA|
|35||95062||Santa Cruz, CA|
|42||30269||Peachtree City, GA|
|47||75495||Van Alstyne, TX|
Zip Codes with the Lowest DOM
According to Realtor.com, it takes 53 days less to sell a home in the top 20 markets. That means these zip codes are in much greater demand. Will this demand continue through the next 10 years? The answer to that tough question might be found in state and region migration trends, demographics, types of industries, and other economic data, such as I discussed in the San Diego and Los Angeles and San Francisco real estate forecasts.
Investors might be very focused on where millennial aged buyers/renters might be living and where they’re likely to move to. Places like Longmont, Colorado might be head scratchers, however these might be very attractive locations for younger buyers.
For example, the migration away from Silicon Valley in California is one such trend that could last 10 years. The San Francisco, San Jose, Santa Clara region has all the earmarks of overheating such as in-migration, positive economic outlook, and a lack of residential land. Any towns such as Pleasant Hill (#2) and Petaluma (#6) and others in between Sacramento and San Francisco could have huge potential for price growth.
For those interested in sunny California, take a look at Realtor.com’s hottest markets index in this graphic below. Look deeper for specific zip codes and neighborhoods that have the best potential. Think 5 years ahead.
California’s Best Zip Codes
Once you’ve found the best zip codes to buy real estate in, you’ll need some guidance in how to actually carry out that investment. You might want to look for property investment experts who have the insight into all the nitty gritty stuff you’ll be encountering.
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