3 Hot Rental Property Markets in California

Did you know that in 2016, their was 1.5 million fewer homeowners? Many people, especially in states with a higher cost of living like California, are choosing to rent instead of buying real estate. Below are some of the best places to buy rental property in the Golden State if you're an investor:

  • Saturday, July 29, 2017

  California   General   

1. Irvine

Irvine is a great location to buy rental properties since the city always experiences a large demand for housing from incoming university students. Irvine also has a historically low crime rate and high performing schools. The city holds lots of potential for investors and property managers.

2. Oakland

Oakland is the largest city in the East Bay and the entire Alameda County. Due to the skyrocketing rental prices in San Francisco, people are flocking across the Bay Bridge to Oakland as a refuge. The city is very diverse and has a growing community of people who work in technology and other STEM related fields. Rental prices in Oakland have dramatically increased over the years, making it an ideal choice for investors who want a great return on their investment. 

3. Victor Valley

Victor Valley is another hot rental property market for investors who want to purchase rental property in California. The city has experienced a surge in rental growth within the past decade from people leaving San Bernardino. This is a great way to start if you want to invest in one of the most affordable housing markets in the western United States with access to many parks and recreational activities.

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