Passive income from real estate investing is a wise retirement plan. With rents rising quickly, now's a great time to invest in Pittsburgh real estate.
Even more, real estate is seen as one of the best hedges against inflation. You don't want to see the value of your savings evaporate by sitting in your savings account, do you?
Read on to find out more about the Pennsylvania real estate market.
Real Estate Investing in Pennsylvania
The Pennsylvania real estate market has always shown great growth. Through all of the recessions in the last forty years, the real estate market here has never experienced a big drop.
This stability is a great strength of the Pennsylvania real estate market. Real estate investing is best when it's not turbulent. As long as the appreciation never falls below inflation levels, your money is gaining earning power.
Pennsylvania real estate investments have a history of tracking inflation and avoiding uncertainty. As a landlord or investor in the real estate market, this is a very safe place to invest your nest egg.
One of the hottest areas to be a landlord in Pennsylvania is Central Pennsylvania. Rent prices here have seen dramatic increases over the last five years. This indicates that the rental market here has consistently produced strong returns for real estate investing.
Some of the hottest cities to be a landlord in the Pennsylvania real estate market are Allentown, Bethlehem, Philadelphia, West Chester, and Pittsburgh.
Pennsylvania brings a lot to the table when it comes to safely investing in the real estate market.
Pittsburgh Real Estate Trends
Pittsburgh has consistently ranked as one of the best and safest places to live. Because of this, real estate investing in Pittsburgh is a safe bet.
The real estate market in Pittsburgh has seen inventory decline and prices significantly increase recently. Zillow shows that the typical home value in Pittsburgh has increased by 14.5% over the past year.
In the last five years, the value of homes in Pittsburgh has increased by just under 64%. That's an excellent return on investment!
Rent in Pittsburgh has also increased by 10% year over year. Despite this rent increase, Pittsburgh is still seen as an affordable place to rent. Demand for housing is high, and Pittsburgh has been attracting a lot of people in the last year.
Real estate experts predict that this real estate trend will continue. This indicates a strong real estate market, and now is a good time for investing in the Pittsburgh real estate market.
Invest Safely in Pennsylvania
Real estate investing in Pittsburgh is a safe investment. It's nice knowing that you can sleep well without having to worry about economic insecurity. The peace of mind this brings is priceless.
We hope you were able to learn some helpful information about the Pennsylvania and Pittsburgh real estate markets. If you'd like to learn more about our services and how we can help you, please contact us!
