Best Place To Buy Home In California |Petaluma | Nicasio

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

Note: We are authorized, and experienced realtors in California, Petaluma real estate forsale. Our service is to provide the right solution related to buying property or real estateinvestment.

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

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

(b) Median home listing price;

(c) Median home value;

https://housesofpayne.com/https://housesofpayne.com/

(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

https://housesofpayne.com/your-homes-value/

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