Best Place To Buy Home In California | Petaluma | Nicasio

home in california


California holds many house hunters’ hearts because of its beaches, beautiful landscape, and ocean views, its perfect weather or just the state’s resilience, thriving and diverse communities, a hub for many of the biggest US corporations, home to world-renowned Silicon Valley, the existence of a wide range of industries like entertainment, tourism, agriculture, biotechnology, natural resources, and much more. 

Note: We are authorized, and experienced realtors in California, Petaluma real estate for sale. Our service is to provide the right solution related to buy property or real estate investment. 

The Golden State is most rewarding in both short-term and long-term property investments due to its strong job market, low property taxes, high rental demand, increasing home values. We have curated data from studies by our real estate experts and researchers and based on our analysis following seven towns of California made our list when it comes to the best places to buy an investment property in California. We used the following five metrics to determine the strength of the rentals market in California : 

(a) Livability (measuring factors such as amenities, employment, and education); 

(b) Median home listing price; 

(c) Median home value;

(d) Home value forecast (gauging the “return you can expect on your money”); and 

(e) Buyer-seller index (a score that determines “whether the current market favors people looking for housing or looking to sell” relative to other towns in that same metro area), amongst other factors:

 

Hawthrone :

It is conveniently situated close to Los Angeles and is also available at a much lower average rent. Now you can find your Home Values in Petaluma ca.

Median Property Price: $1,330,000 

Price per Square Foot: $592

Price to Rent Ratio:18

Monthly Traditional Rental Income: $4,746

Traditional Cash on Cash Return: 4.49%

 

2.     Los Angeles:

This popular cultural hub has a steady population and employment growth with rental properties a must in LA and with home values increasing by 2.1%, rent can follow suit.

Median Property Price:$950 K

Price per Square Foot:$616

Price to Rent Ratio:26

Monthly Traditional Rental Income: $3,373

Traditional Cash on Cash Return: 1.90%

 

3.      San Diego:

This town is a great place to invest in property as it has a steady increase in home values and population growth with the large influx of college students and local workers from a wide number of industries.

Median Property Price: $843,901

Price per Square Foot:$560

Price to Rent Ratio:27

Monthly Traditional Rental Income: $2,635

Traditional Cash on Cash Return: 1.91%

 

4.      San Jose: 

Home to Silicon Valley, booming tech industries, employment growth makes it a solid location in terms of the high average number of leads in the rental market.

Median Property Price: $889,721

Price per Square Foot: $679

Price to Rent Ratio: 23

Monthly Traditional Rental Income: $3,130

Traditional Cash on Cash Return: 3.19%

 

5.      Long Beach:

Rental properties are thriving in Long Beach as renters include a wide variety of people including multi-generational families, college students, and young singles with an average of 57 leads per property and less than two weeks on the market.

Median Property Price: $827,550

Price per Square Foot: $453

Price to Rent Ratio:36.37

Monthly Traditional Rental Income:  $3,052

Traditional Cash on Cash Return: 1.12%

                                         

6.      Bakersfield: 

This town is a treasure trove for both renters and property investors with an increase in population, employment, and home values, landlords receive an average of 65 leads per property as renters are attracted by the extremely low and reasonable average rent.

Median Property Price: $380,973

Price per Square Foot: $139

Price to Rent Ratio:20 

Monthly Traditional Rental Income: $1,580

Traditional Cash on Cash Return: 2.86% 

 

7.      Santa Maria:

Agriculture, government and many business owners make up the economy for this small, but a unique town in Santa Barbara County. Property investors will see extreme success in Santa Maria as it claims the highest leads per property.

Median Property Price: $385,300

Price per Square Foot: $243

Price to Rent Ratio:21

Monthly Traditional Rental Income: $1854

 

Location: California, USA

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