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Birmingham is the fifth-most popular market for investors according to PolicyGenius, ahead of traditional hot spots such as Tampa, Las Vegas, and Phoenix. But what exactly is it that makes Birmingham such a great market for real estate investors? Birmingham’s solid economic base and outstanding real estate opportunities are perfect for both short-term investing and for rental property investors holding for the long term.
One of the biggest reasons investors buy rental property is because people always need a place to live. Even though some homeowners in the area may be struggling, the demand for rental property in Jackson remains strong. In fact, Jackson was recently listed as one of the smaller cities in the U.S. where rents are rising the most.
The Rocket City is exploding when it comes to rental properties, according to a recent report from WAFF. Huntsville is one of the most in-demand renter hubs in the South, with tenants attracted by the city’s affordability, slower living, and growing job opportunities. Healthy housing markets like these that are stable, affordable, fluid, and have a minimal risk of loss. Those factors are important for homeowners, tenants, and rental property investors.
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