Benefits of Having Your Own Rental Property in Pittsburgh

The housing bubble that occurred in the U.S might have discouraged some investors from investing in the property market. However, if you are a suave entrepreneur you appreciate there is a silver lining in every cloud. While others were divesting in real estate the wise investors hang around for longer or looked for markets that were not heavily affected. One of these markets was Pittsburgh. If you are looking for an ideal investment option, it is time to own a rental property in Pittsburgh. If you are skeptical about this real estate market, why not look at these practical benefits for such an investment:

The Attractions

It is true that this was once billed as one of the most polluted cities in the U.S, but things have changed. Indeed, the city’s attractions ranging from the alluring city parks, nature trails, forested landscape among others keep attracting more people to work here. Penn State University continues attracting new employees and the demand for rentals in the city will continue growing. Stable Property Market Even as other markets still reel from the aftermath of the economic recession, the city boasts a healthy real estate market. A 2015 report published in the Pittsburgh Post-Gazetteindicates that most areas in Pittsburgh such as Lawrenceville are experiencing high demand for sale and rentals as more medical and technology workers arrive in the city. The vacancy level according to West Penn Multi-List was only 9.2% meaning when you invest in rental property around here you are well placed to earn high ROI. Expected Growth Projections are a good indicator of how your investment will pan out. Currently, the rented properties stand at 35.8% but the demand is expected to grow by 4.6% according to experts. At Malkin properties, you will find listed homes and more information on the property market in the area. Visit us at malkinpropertiesinc.com for the best investment advice.