As a real estate investor, one of the most important things to figure out early on is location. Once you know what the best states are, then you can start looking for rental properties to invest in there.

When I’m looking to buy real estate, I follow the people.

Look at where massive migration is happening. Recent reports from the United States Census Bureau and confirm that people are moving towards urban areas with great weather and great taxes.

As a result, the average rent price has boomed in all of these places, which makes them perfect for long-term real estate investing.

10X Miami River

So, what are some of the best states for investing in rental properties?


A bunch of tech companies have been expanding or moving their headquarters to Atlanta, from Airbnb to Calendly. By 2040, government authorities expect that more than 1.9 million jobs will be created because of this.

Population Growth Percentage0.8%
Numeric Population Growth73,766
Average Rent Price$1,459
Year-over-Year Rent Change36.66%

No wonder more than 73K people moved to Georgia last year alone, resulting in a a 36% increase in rent prices.


I moved my family and businesses from California years ago, and a lot of people seem to be doing the same these days.

For those who want to stay close by, Nevada’s their go-to hot spot.

Population Growth Percentage1.0%
Numeric Population Growth29,920
Average Rent Price$1,689
Year-over-Year Rent Change19.98%

And for investors, the good news is that Nevada’s housing market is projected to keep on growing.


Look, Houston and Austin are some of the hottest multifamily markets in the country, period.

Population Growth Percentage1.1%
Numeric Population Growth310,288
Average Rent Price$1,259
Year-over-Year Rent Change17.99%

Add that to more than 310K residents moving to Texas last year, and you’ve easily got one of the best states for investing in multi-family rental properties.


With a monster 49.35% boom in rent prices from 2020 to 2021, it’s clear that Arizona should be on your REI radar.

Population Growth Percentage1.4%
Numeric Population Growth98,330
Average Rent Price$1,553
Year-over-Year Rent Change49.35%

Even more, Phoenix, specifically, has shown up as one of the top 10 multifamily sales markets throughout the past 10 years.


Finally, there’s the king of all real estate kings — Florida. I’ve invested in countless multi-family properties here and they’ve all created wealth for me.

In South Florida, you have endless opportunities in red-hot markets. Fort Lauderdale. Boca Raton. Stuart. Miami. Aventura. There’s plenty to choose from, and all of them are sure to generate cash flow for years to come.

Population Growth Percentage1.0%
Numeric Population Growth211,196
Average Rent Price$2,021
Year-over-Year Rent Change48.36%

Florida has the highest average rent price on this list — $2,021, which nearly doubled from last year. More and more people will continue to move here, making it the #1 state for investors by a mile.

So, are you ready to take advantage of the best states for investing in rental properties?

Access my free Real Estate Training and see how I did it.

Be Great,

Grant Cardone

Disclosure: This content is intended to be used for educational and informational purposes only. Before investing, you should always do your own analysis based on your own financial and personal circumstances before making any investment. Grant Cardone is an industry expert who has been investing for over 30 years and his opinion is based solely on his own personal experience and circumstances. Individual results may vary. You should perform your own due diligence and seek the advice from a professional to verify any information on our website or materials that you are relying upon if you choose to make an investment. Investment involves great risk and there is no guarantee of performance or results.

We are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content presented should not be taken as professional advice.  We recommend seeking the advice of financial professional before you invest, and we accept no liability whatsoever for any loss or damage you may incur.

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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.