Now is a good time to invest in Fresno multifamily real estate. The quality of life in the Bay Area City appeals to diverse populations. The economy is on the rebound. Additionally, it’s one of the most affordable housing markets in the nation. These attributes make Fresno an appealing location for investors seeking multifamily investment properties.
New Economic Growth
Fresno’s economy may have a positive impact on property investments. The city’s government has made strengthening the local economy a top priority. As a result, the unemployment rate is on the verge of a decline. The bright outlook for the economy is good news if you’re looking to invest in Fresno multifamily real estate.
Steady Housing Demand
Fresno is attracting an ongoing influx of new residents. Part of the reason for its appeal is that it offers more affordable living than other Bay Area cities, such as San Francisco. Many people are relocating to Fresno because of its booming technology sector. The growing inflow of people into the area is creating a demand for a variety of multi-family properties that include:
- Apartments
- Condominiums
- Townhomes
- Duplexes
Low Cost of Living
Fresno is an affordable place to call home. The median income of $44,648 allows many residents to live a comfortable lifestyle, according to a GoBankingRates’ survey. The median home price is $225,000, which is much lower than in other cities in the area. Fresno has one of the lowest costs of living in the United States.
Invest the Smart Way
If you want to invest in Fresno multifamily properties, now is an excellent opportunity. The arrival of new residents is creating a demand for housing. The economy is on an upward swing. The low cost of living attracts a diverse group of renters and buyers. Contact NSD Ventures today to learn more about how we can put together a winning investment strategy tailor-made to suit your real estate goals.