Top 8 Reasons to Invest in Real Estate in Lawrence KS
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Lawrence, KS is the home of the University of Kansas and provides a wealth of investment opportunities for real estate investors. Potential investors may be asking — why should I invest in real estate in Lawrence? And they may find the answer in our list of the Top 8 Reasons to Invest in Real Estate in Lawrence, KS created by Realtor Jackie Giroux.
Best Reasons to Invest in Real Estate in Lawrence KS
With a vibrant art scene, a college population that creates many rental opportunities for investors, a growing population, and diverse communities, the Lawrence area may be the perfect place to invest in real estate and we can help you find the right properties to help get you started. Jackie Giroux has called the Lawrence area home for years and has had success as a real estate agent finding lucrative investment opportunities in the area for potential investors.
Here is a look at the best reasons to invest in real estate in the Lawrence area:
1. Growing Population
A growing population is a great indicator of a growing housing market and the Lawrence area has outpaced most cities in terms of population growth. The population in Lawrence has increased by an average of 1.14% annually in the past ten years and 10.26% in total over the last 10 years — compared to average annual population growth of 0.69% in the United States and a 6.23% increase in the nation over the last 10 years.
2. Strong Rental Market
Rental properties are a great investment opportunity and with the University of Kansas in Lawrence, there is a high demand for affordable rental opportunities for college students. This makes Lawrence an excellent opportunity for Long Term - Buy, Rehab, Rent, Refinance, Repeat rental properties and Short Term rental properties.
3. Growing Property Market
Lawrence represents a growing market and with an increase in property values, real estate investors can build equity over time or a high demand for rental properties translates to higher rental income and a quick return on investments that is attractive to real estate investors.
4. Competitive Rates
Mortgage and interest rates in the Lawrence market are competitive with the national average and in a seller’s market where properties often sell for more than the list price, it provides real estate investors with an opportunity for Buy and Hold or Fix and Flip properties.
5. Diverse and Growing Neighborhoods
Lawrence is home to many beautiful and diverse neighborhoods that range from historic neighborhoods like Sunset Hills to incredible family neighborhoods like Indian Hills, that all provide incredible investment opportunities for smart investors interested in long-term investments. Investors interested in creating a diverse property portfolio may find what they are looking for here in Lawrence.
6. Exceptional Arts Scene
Diverse neighborhoods that cater to a broad range of residents are complemented by an exceptional arts scene that is attractive to new home buyers and renters that want to make the Lawrence area home and has the potential to increase property values in the future.
7. Affordable Property Prices
Homes in Lawrence, KS have a median list price of about $370,000 — that is lower than the national median listing price of $431,250. With lower listing prices and a promising real estate environment, Lawrence has the potential to reward investors in the area.
8. Quality Properties
Investors who look in the Lawrence area will find family homes, multi-family rental properties, college rental properties, and commercial properties that are all excellent investment opportunities. These quality properties make Lawrence, KS an attractive destination for investors.
Are you looking for your next investment opportunity? Lawrence, KS may be it and Realtor Jackie Giroux has the knowledge and expertise to help you find the right properties for your investment portfolio. We hope this list has highlighted why this Midwest community may be a great place to start investing
Contact Realtor Jackie Giroux for more information on Lawrence-area rental properties!
