Dayton, Ohio, was named the top market for residential real estate investment, according to a new report published by Realtor.com.
Dayton was cited for what Realtor.com dubbed “below-average home prices and robust demand, boasting a low 4.7% rental vacancy rate in early 2024.” Investor activity in the market increased over the past five years, with 13.7% of buyers in the first quarter identified as investors.
Rounding out the top five markets for investors were Rochester, New York; Cleveland; Pittsburgh; and Knoxville, Tennessee. Realtor.com determined these markets recorded nearly double the average page views per property compared to the national trends, with home prices an average of 21.7% lower than the national average.
Hannah Jones, Realtor.com senior economic research analyst, observed, “As the rental market eases in many areas, the Midwest and Northeast stand out for their combination of affordability and stability. These regions offer investors a prime chance to secure steady rental income and tap into growing demand, making them attractive for both seasoned and first-time investors alike.”
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