Best Places for Real Estate Investment in California

By, Lisa Roberts

One thing is for sure - no matter how bank-breaking, California's real estate will always be in demand. And, yes, that applies to both living and vacationing in the Golden State! However, be warned - even though real estate investment in California can be rewarding, it is far from a walk in the park. But, do not let that discourage you (and do not let housing and living prices discourage you either)!

Believe it or not, there are tons of places in our Golden State where you can invest in real estate that will not only save your budget but will also set you up for financial success. All you have to do is stay away from major cities such as San Francisco, San Diego, Los Angeles, etc. Those other cities and their real estate potential will be our topic of the day. Thus, if you want to know more about some of the best places for real estate investment in California, keep on reading.

Douglas City 

Douglas City, a city somewhat under the radar, is currently one of the best places to invest in real estate in California. And, why? Because the prices of homes, either of houses or apartments, are still lower than the national average. For instance, the median home price in Douglas City is approximately  $324,167. So, the housing is cheaper, but so is the cost of living! Many Californians do not know this - so use this to your advantage if you want to avoid competition during your home buying process! According to experts, people will soon start fighting over Douglas City.

It will be one of the best places for real estate investment because of its location. The city is close to Whiskeytown National Recreation Area, Shasta Lake, and Shasta Forest. All of these beautiful places attract millions of tourists every year - tourists in need of accommodation! If you decide to rent your investment property this year, expect to earn $2,723 a month! 

If you want to save money on your real estate investment, Douglas City will be your best option.

Yuba City 

Even though foreigners are not that familiar with Yuba City, Californians love it. In Yuba City, you can find Folsom Lake State Recreation Area - a place perfect for enjoying nature, doing sports, picnicking, and simply enjoying life. Here, you will experience that ideal feeling of serenity. And, if that is not enough, Lake Berryessa is just a short drive away. This lake is currently rated as one of the weirdest places in the entire state of California - so, you do not need us to tell you why this would be one of the best places for real estate investment. If your house or apartment is close to one of these two areas, your occupancy rate will be over 85%, and you will be able to earn approximately $1,741 a month.

Moreover, Yuba City is not only a good place for rental investment; it is also an excellent place to live. The price of homes and the cost of living make everyday life just a little easier. This city is also safe, friendly, and, most importantly, it has all the amenities you need (as well as those you might not need). Thus, consider Yuba City if you are looking for a forever home and don't mind the intricacies of organizing an interstate move to California. A real estate agent can help you find a home, and movers can help you arrange a stress-free transfer to the state and the city!

Elk Grove 

Elk Grove is the second-largest city in Sacramento! In the past, this was an industrial town, and as such, it was a home only to labor workers. But, as the city grew and all started to enter the age of technology, Elk Grove became a hub for business people, entrepreneurs, large companies, schools, universities, etc. And, all of these people have one thing in common - a need for accommodation. Of course, not everybody can afford to buy a home, so they rent.

The median rental price in Elk Grove is $1,848 a month for a studio apartment! Larger apartments and houses rent out for more than $2,500! So, if you do have the money to buy a property here, trust us, it will pay itself in just a couple of years. That is why Elk Grove is of the best places for buying investment properties! And, do not worry about not finding tenants - the occupancy rate here is over 90%.

Students and business people are always looking for homes in Elk Grove!

Winchester 

Last but certainly not least city on our list of best places for real estate investment is the one and only Winchester. This is the place to go if you cannot afford a property in Palm Springs but want something very similar. This place is perfect for both vacationing and doing all those business-related things. Of course, this means that you will be able to rent out your property for approximately $1,733 a month. And, if you are lucky enough to buy a four or five-bedroom apartment, you will be able to rent it out for $12,045. Yes, you read it correctly - and yes, that is a lot of money but still a lot less than renting in Los Angeles or San Francisco, for example.

Moreover, just as previously mentioned, this is also one of those great cities for living, not just for investing. People who enjoy that metropolitan vibe but cannot afford it adore Winchester. If you, too, are in that kind of need, start looking for movers. Browsing through the Verified Movers database will quickly result in a few good options. Homes here sell out quickly, so be sure to be here soon if you want one.

If you want a metropolitan city on a budget, consider Winchester.

Why Is Real Estate Investment in California a Wise Choice 

Hopefully, you liked our selection of some of the best places for real estate investment in California. Whether you will choose one of these four, or something else, of course, depends on your budget and your needs. But, no matter which city or area you decide to go for, one thing is for sure - California was, is, and will always have great investments potentials. And, here are some reasons why:

• Strong job market 
• Tourist hub 
• Great variety of properties 
• Low property taxes 
• Increasing home values
• High rental demand 

If you like what you read, be sure to act quickly. California's properties are not waiting for anyone. We think we persuaded you that real estate investment in California is a sound financial decision. But, if you need to talk to a realtor, feel free. Just make sure you choose the right real estate agent - one that can advise you and help you find the investment property of your dreams.

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