If you’re searching for your next investment opportunity or simply want to slow down a bit, buying a Midwest home may be the right move for you. Investing in property is a big decision with many factors to consider. Where is the property located? What shape is the home and surrounding land in? Are you ready to dedicate your extra time and money to be successful and profitable in this venture? Depending on your answers to the questions above, you might be ready to invest in a Midwest home!
First, let’s take a look at what states make up the Midwest. According to Roofstock, these states all fall in the Midwest region:
- North Dakota
- South Dakota
Largest cities in the Midwest:
- Kansas City, Missouri
- St. Louis
- St. Paul
Employment rates in the Midwest have increased by 13% and unemployment rates have dropped 4% since 2010.
Why the Midwest?
There are endless benefits to living on or investing in Midwest property. Living in a post-pandemic world, many jobs have become remote positions. People have started moving out of the expensive big cities to less expensive, smaller cities. Why? Let’s run through the many advantages of living in small towns, particularly in the Midwest:
- Lower house prices – Homes in the Midwest tend to cost much less than the nation’s average which is great, particularly when moving from an expensive state.
- Low cost of living – The Midwestern states have a much lower cost of living than bigger states such as California and New York. Combine a low cost of living with higher salaries and low house prices and you have the perfect formula!
- High quality of life – As we just mentioned, when the cost of living is low and you retain a high salary from a big company you will have a higher quality of life… not to mention, bigger yards, less traffic and less noise. A Midwest home is perfect for a young couple, a family with children, or an older couple looking to retire somewhere quiet.
Investing in a Midwest home is a great investment opportunity. Midwest real estate is on the rise with increased remote positions and low cost of living. Purchasing a Midwest home or property to flip or rent out has the potential to provide a large return on your investment (ROI). As another resource, this article by Financial Samurai focuses on investment trends, and Midwest real estate in particular.
Interested in buying an Indiana home or property?
Indiana is one of the Midwest states mentioned above. If you’re seriously looking into buying a Midwest home, we would love to talk to you more. Please call us at 574-527-1700, send an email to Kim@homeswarsaw.com or leave us a message on the contact page.