An updated Local Market Monitor, Inc. report has revealed the best and worst markets for conservative residential real-estate investors, according to a Wall Street Journal item. The report omits towns with fewer than 200,000 residents and looks at price appreciation instead of rental income.
The 10 best metro locales are:
1. Tulsa, Okla.
2. Oklahoma City, Okla.
3. San Diego-Carlsbad-San Marcos, Calif.
4. Albany-Schenectady-Troy, N.Y.
5. Indianapolis-Carmel, Ind.
6. El Paso, Texas
7. Winston-Salem, N.C.
8. Cincinnati-Middletown, Ohio-Ky.-Ind.
9. Worcester, Mass.
10. Louisville-Jefferson County, Ky.-Ind.
The 10 dangerous metro areas are:
1. Ocala, Fla.
2. Lakeland-Winter Haven, Fla.
3. Reno-Sparks, Nev.
4. Orlando-Kissimmee, Fla.
5.Deltona-Daytona Beach-Ormond Beach, Fla.
6. Port St. Lucie, Fla.
7. Las Vegas-Paradise, Nev.
8. Boise-Nampa, Idaho
9. Prescott, Ariz.
10. Cape Coral-Fort Myers, Fla.