Kansas City, MO
Kansas City, Missouri is home to 2.1 million people, making it the second-largest metropolitan area in the Missouri region after St. Louis. It has been named one of the top 10 cities to live in with its thriving arts scene, increasing reputation for restaurants, and lively nightlife. Along with baseball, football, and great BBQ, Kansas City is also known for its low cost of living. With Kansas City’s economy growing at such a consistent rate, it is a real estate investor’s dream! The city is divided almost evenly with owners and renters, with 54% of people owning their homes and 46% renting. Rental rates are expected to maintain a favorable 1% rental-to-value ratio and since 2012, rents have increased beyond the expected national average. Despite a nationwide drop in the housing market, Kansas City has appreciated by 2.3% in the last 5 years, faster than most communities.
St. Louis, MO
One of America’s most historic cities, St. Louis, is known for its beautiful architecture, lively metro areas, and family-friendly communities! St. Louis, MO has a distinct market for real estate investors due to its low cost of living and optimal pricing ratios. Home to 2.8 million people and 8 Fortune 500 companies, the GDP in St. Louis has increased 29% in the last 10 years! With the city undergoing regeneration and bringing in new jobs and research facilities, St. Louis has a low unemployment rate in comparison to the rest of the country. In fact, many sectors are witnessing job growth of over $1 billion in Venture Capital placed into their Tech sector in the past 7 years!
It is obvious Kansas City and St. Louis have many opportunities to invest in real estate, but you are probably wondering where to get started. This is where we come in! Rentals2Retirement® is completely hands-free investing!