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 Rent.com 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.

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

5Georgia

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.

4Nevada

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.

3Texas

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.

2Arizona

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.

1Florida

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.

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