Albany, Calif., Named Best Market for Real Estate Investing in the Bay Area
According to HomeUnion, a zip code in the East Bay offers investors the highest returns and lowest risk
LOS ALTOS, Calif., Sept. 14, 2017 – HomeUnion, an online real estate investment management firm, has identified zip codes in five metros that maximize real estate returns while minimizing risk over a five-year horizon. To rank the neighborhoods, HomeUnion analyzed the attractiveness of a neighborhood for investing in single-family rentals (SFRs) over five years, as well as school quality. To qualify, each zip code must have schools ranked in the 70th percentile or higher by Maponics.
“As more Americans seek to diversify their investment portfolios into real estate, we have put together a list of the best zip codes in the heated Bay Area real estate market to own over a five-year period or longer,” explains Steve Hovland, director of research for HomeUnion. “SFRs in locations with highly ranked schools are traditionally attractive to long-term investors, and one of the most important measures of quality for both home buyers and renters.”
Here are the top five zip codes for real estate investors seeking five-year returns in the Bay Area:
|Average Rent||Average Annualized Return*||
School Ranking as Percentile
|94583||San Ramon, Calif.||$894,000||$3,827||3.7%||89.2|
*Total return includes projected appreciation and cash flow based on HomeUnion’s proprietary underwriting methodology.
Sources: HomeUnion Research Services, Maponics
HomeUnion is an online real estate investment management firm. Based in Irvine, Calif., it provides all the services needed for individuals to invest remotely in rental properties. The company uses a combination of research and proprietary analytics to incorporate data on over 110 million homes and 200,000 neighborhoods into their database, and then delivers its solutions to an on-the-ground infrastructure that currently serves 11 locations. HomeUnion’s role spans the lifecycle of the investment transaction: identifying sound investments, handling all aspects of acquisition, maximizing income, protecting asset value, and selling the asset when the time comes.
Communications Manager, HomeUnion
Unless otherwise indicated, the information contained herein and that constitutes the basis for data points used by HomeUnion in formulating its projections is current as of the date indicated on this page. Such information is believed to be reliable and has been obtained through our research and from sources believed to be reliable, but no representation or warranty is made, expressed or implied, with respect to the fairness, correctness, accuracy, reasonableness or completeness of the information and opinions.