I
nvesting in real estate can be a smart financial move, but it comes with its own set of risks. If you're planning to rent out a single-family home, be prepared for the possibility of irresponsible tenants, vacancies, and costly maintenance expenses. However, it's also crucial to invest in locations that show promise of appreciation.
Unfortunately, some cities are experiencing declining real estate values. GOBankingRates analyzed data across the US to identify the top 20 cities where investors are earning the least money. Here are the cities with dipping or nosediving single-family home values:
1. Average single-family home price: $315,304
Percentage of homes sold below list price: 74.2%
Median price cut (percentage): 4.1%
2. Average single-family home price: $122,767
Percentage of homes sold below list price: 70.1%
Median price cut (percentage): 5.2%
3. Average single-family home price: $128,998
Percentage of homes sold below list price: 61.6%
Median price cut (percentage): 3.3%
4. Average single-family home price: $119,022
Percentage of homes sold below list price: 67.9%
Median price cut (percentage): 4.7%
5. Average single-family home price: $396,438
Percentage of homes sold below list price: 64.9%
Median price cut (percentage): 2.4%
6. Average single-family home price: $185,437
Percentage of homes sold below list price: 57.7%
Median price cut (percentage): 3.5%
7. Average single-family home price: $138,989
Percentage of homes sold below list price: 62.8%
Median price cut (percentage): 4.4%
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