Sending a child to college can mean moving into a dorm. Or it can be a time to think about buying a house as an investment that can provide housing for a few years, until your son or daughter graduates.
The Move Inc. organization has created a list of 10 cities that are promising spots for back to school investments.
The best cities for college-oriented realty investments are: Houston, Boston, Nashville, Chicago, Atlanta, Washington, Baltimore, St. Louis, Syracuse, N. Y. and South Bend, Ind.
“Local markets with universities or colleges can be an attractive option for many local real estate investors,” said Move, Inc., Chief Executive Officer, Steve Berkowitz. “Housing demand in college towns is generally high and vacancy rates are usually low. Combine the supply and demand ratio with rising admissions and the five percent rise in rental rates expected by the end of the year, and rental property in college towns can be a smart option for the right investor.”