Why Invest in Missouri?
Missouri is a geographically diverse state located within the Midwest. A population of over 6 million people call Missouri home, which ranks this state the 18th most populous state in the nation. The strong economy here totals out to a GDP of $284 billion, making Missouri an attractive place to live and work. In addition to the Gateway Arch, Anheuser-Busch brewery, and the Missouri river, Missouri is also known for solid single family rental markets located throughout the state.
One of the reasons the single family rental market here is so strong is because of the stable and growing economy. Over twenty-five Fortune 500 companies call Missouri home including Panera, Monsanto, O’Reilly Automotive, Leggett & Platt, H&R; Block, and SunEdison. Additionally, a wide variety of industries are leading the Missouri economy including aerospace, manufacturing, transportation equipment, and biotechnology.
With a wide variety of companies supporting the growing economy through jobs and expansions, metros throughout the state are seeing sizable increases in population as residents are seeking skilled jobs. The cost of living is significantly more reasonable here than many other parts of the country, and as Missouri continues to prosper, the demand for single family rentals will follow.
Although there are real estate markets throughout Missouri, some of the most profitable markets are located around the larger cities such as Kansas City, St. Louis, Springfield, Independence, and Columbia.
Getting Started in Real Estate Investing? INVESTimate® Can Help
INVESTimate® is the leader in residential real estate investment. With the use of big data and machine learning, we analyze information on millions of single family homes in Missouri; and across the United States and calculate home values RENTestimate for every property in Missouri. If you’re looking for the best investment properties across the country, visit our comprehensive investment site.