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Best state to buy rental property in 2022

 Generally, it's difficult to characterize a housing market on a state-wide basis, since costs and conditions can shift from one city to another or even neighborhood to neighborhood. In this way, while I'm listing the Best state to buy rental property, let’s focus on the particular urban areas and neighborhoods ideal for new investors.

1. ILLINOIS - CHICAGO

If you know where to search for the Best state to buy rental property, Chicago, you can track down homes under $200k that are great for renting. For instance, Rogers Park is brimming with older, pre-WWII homes and little high rises in the $100k range, and it's near Loyola University and the lake, making it a fantastic neighborhood for landowners. Rent costs within city limits start at around $1,500, and around 53% of families in the metro region are renters. All these factors combined are the reason Chicago is one of the main huge urban areas in the U.S. where you can in any case track down extraordinary rental investment opportunities.

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