WASHINGTON (MarketWatch.com) – Three Texas cities have been named among the ten best small towns for housing investment.
According to the rankings by HomeVestors of America and Local Market Monitor, Corpus Christi (No. 4), Tyler (No. 7) and Longview (No. 8) are considered less risky for investors looking to purchase single-family homes as rental properties.
“Many of [the markets on the list] not only have unemployment rates well below the national average, but they show strong job growth and housing prices have bottomed out,” said Ingo Winzer, Local Market Monitor president.
Topping the list of small towns were Lafayette, La., Fort Wayne, Ind. and Erie, Pa.