Ultimate Kent County Real Estate Investing Guide for 2024
Overview
Kent County Real Estate Investing Market Overview
Over the most recent 10 years, the population growth rate in Kent County has a yearly average of . The national average at the same time was with a state average of .
Throughout the same ten-year cycle, the rate of increase for the total population in Kent County was , compared to for the state, and throughout the nation.
Property values in Kent County are illustrated by the current median home value of . To compare, the median price in the United States is , and the median price for the whole state is .
The appreciation rate for houses in Kent County during the past ten years was annually. Through that cycle, the annual average appreciation rate for home prices in the state was . Across the nation, the average annual home value growth rate was .
The gross median rent in Kent County is , with a statewide median of , and a US median of .
Kent County Real Estate Investing Highlights
Kent County Top Highlights
https://housecashin.com/investing-guides/investing-kent-county-mi/#top_highlights_3
Strategies
Strategy Selection
As you start researching a specific location for possible real estate investment enterprises, consider the kind of real estate investment strategy that you follow.
The following article provides specific advice on which statistics you need to analyze depending on your plan. This will help you analyze the details provided within this web page, based on your intended plan and the respective selection of factors.
There are area fundamentals that are critical to all kinds of investors. These factors combine crime rates, highways and access, and air transportation and other factors. Apart from the fundamental real property investment location criteria, different kinds of real estate investors will look for additional market assets.
Events and features that bring tourists are important to short-term rental property owners. Fix and flip investors will notice the Days On Market statistics for homes for sale. They have to verify if they can manage their expenses by selling their restored homes without delay.
Rental real estate investors will look thoroughly at the area’s job data. Investors want to observe a diverse jobs base for their likely renters.
Investors who need to choose the preferred investment plan, can consider using the experience of Kent County top real estate mentors for investors. It will also help to enlist in one of real estate investment groups in Kent County MI and attend real estate investing events in Kent County MI to get experience from several local professionals.
Let’s consider the different types of real estate investors and which indicators they should scan for in their location analysis.
Active Real Estate Investment Strategies
Buy and Hold
If an investor acquires an asset with the idea of retaining it for a long time, that is a Buy and Hold strategy. During that period the investment property is used to produce rental income which grows your revenue.
When the property has grown in value, it can be sold at a later date if local market conditions shift or your plan calls for a reapportionment of the portfolio.
An outstanding expert who is graded high in the directory of professional real estate agents serving investors in Kent County MI can take you through the particulars of your proposed real estate investment area. Our suggestions will outline the factors that you ought to use in your investment strategy.
Factors to Consider
Property Appreciation Rate
This is an important gauge of how solid and blooming a property market is. You’re trying to find stable increases year over year. This will allow you to achieve your primary target — reselling the investment property for a larger price. Locations that don’t have increasing home market values won’t meet a long-term investment profile.
Population Growth
A declining population signals that over time the total number of people who can rent your property is going down. Unsteady population expansion leads to decreasing property prices and rental rates. Residents migrate to locate better job opportunities, better schools, and safer neighborhoods. A site with poor or declining population growth must not be in your lineup. Similar to real property appreciation rates, you need to find dependable yearly population growth. This supports growing real estate values and lease rates.
Property Taxes
Real estate taxes strongly effect a Buy and Hold investor’s revenue. You need to avoid cities with unreasonable tax levies. Authorities most often do not pull tax rates lower. A history of property tax rate increases in a location may often go hand in hand with weak performance in other economic data.
Occasionally a specific parcel of real estate has a tax assessment that is overvalued. If this situation unfolds, a business on the directory of Kent County property tax consulting firms will present the situation to the municipality for reconsideration and a potential tax value markdown. However detailed situations including litigation need the knowledge of Kent County property tax appeal lawyers.
Price to rent ratio
Price to rent ratio (p/r) is found when you take the median property price and divide it by the yearly median gross rent. A low p/r means that higher rents can be charged. This will permit your rental to pay itself off within a reasonable time. You don’t want a p/r that is so low it makes acquiring a residence better than renting one. This might push tenants into acquiring their own home and expand rental vacancy rates. However, lower p/r indicators are usually more acceptable than high ratios.
Median Gross Rent
This parameter is a barometer used by real estate investors to detect dependable lease markets. You need to see a consistent expansion in the median gross rent over a period of time.
Median Population Age
Median population age is a portrait of the magnitude of a city’s workforce that resembles the extent of its rental market. Look for a median age that is the same as the age of the workforce. An aging populace can be a drain on municipal resources. An aging populace will precipitate increases in property taxes.
Employment Industry Diversity
If you are a Buy and Hold investor, you search for a diversified employment market. A robust community for you features a different collection of business categories in the community. When a single industry type has interruptions, most companies in the market aren’t damaged. You do not want all your tenants to lose their jobs and your investment property to depreciate because the sole dominant employer in the area shut down.
Unemployment Rate
If a location has an excessive rate of unemployment, there are too few renters and homebuyers in that community. Existing renters might experience a difficult time making rent payments and new renters may not be available. Unemployed workers are deprived of their purchase power which impacts other companies and their employees. Businesses and people who are thinking about transferring will search in other places and the location’s economy will suffer.
Income Levels
Citizens’ income stats are investigated by every ‘business to consumer’ (B2C) company to spot their customers. You can utilize median household and per capita income data to target specific pieces of a market as well. If the income rates are expanding over time, the community will probably provide steady renters and tolerate expanding rents and incremental bumps.
Number of New Jobs Created
Information showing how many employment opportunities emerge on a repeating basis in the community is a vital tool to conclude if a market is good for your long-range investment plan. Job production will bolster the renter pool increase. The inclusion of new jobs to the workplace will help you to retain strong occupancy rates when adding investment properties to your portfolio. A financial market that provides new jobs will draw more people to the market who will lease and purchase properties. This sustains a strong real property market that will increase your properties’ worth by the time you want to leave the business.
School Ratings
School reputation is a vital element. With no high quality schools, it’s challenging for the community to attract additional employers. Strongly rated schools can attract relocating families to the region and help retain existing ones. An uncertain supply of tenants and home purchasers will make it challenging for you to obtain your investment targets.
Natural Disasters
With the principal plan of liquidating your property subsequent to its appreciation, the property’s material status is of the highest interest. So, try to bypass places that are periodically hurt by natural calamities. Regardless, you will still have to insure your property against catastrophes common for the majority of the states, including earthquakes.
To cover real property costs generated by tenants, hunt for assistance in the directory of the best Kent County insurance companies for rental property owners.
Long Term Rental (BRRRR)
The acronym BRRRR is an illustration of a long-term investment plan — Buy, Rehab, Rent, Refinance, Repeat. If you intend to increase your investments, the BRRRR is a good method to follow. It is required that you are qualified to obtain a “cash-out” refinance for the system to be successful.
When you have concluded fixing the investment property, its market value must be more than your total purchase and rehab costs. Then you borrow a cash-out mortgage refinance loan that is computed on the higher value, and you withdraw the balance. This capital is put into the next investment property, and so on. You buy more and more properties and continually grow your rental revenues.
If your investment property portfolio is big enough, you can delegate its management and enjoy passive income. Locate top property management companies in Kent County MI by browsing our list.
Factors to Consider
Population Growth
The expansion or downturn of a market’s population is a valuable barometer of the community’s long-term attractiveness for rental property investors. If the population increase in a city is high, then new tenants are assuredly coming into the community. Businesses view this as an attractive region to situate their enterprise, and for workers to move their households. A rising population builds a reliable base of tenants who can stay current with rent raises, and an active seller’s market if you need to sell your investment assets.
Property Taxes
Real estate taxes, regular maintenance expenses, and insurance directly decrease your revenue. Investment property situated in excessive property tax areas will provide smaller returns. High property tax rates may signal an unreliable city where costs can continue to expand and should be considered a red flag.
Price to Rent Ratio
The price to rent ratio (p/r) is a clue to how much rent can be charged compared to the cost of the property. How much you can charge in a region will determine the sum you are able to pay based on the time it will take to recoup those funds. A higher p/r informs you that you can set less rent in that area, a lower ratio informs you that you can collect more.
Median Gross Rents
Median gross rents are a significant illustration of the stability of a lease market. You need to find a market with regular median rent expansion. Declining rents are an alert to long-term rental investors.
Median Population Age
Median population age should be close to the age of a normal worker if a location has a good supply of tenants. If people are migrating into the region, the median age will not have a problem remaining in the range of the workforce. A high median age shows that the existing population is leaving the workplace without being replaced by younger people migrating in. That is an unacceptable long-term financial picture.
Employment Base Diversity
A diverse employment base is what an intelligent long-term rental property owner will look for. When there are only one or two dominant employers, and one of such moves or goes out of business, it will make you lose tenants and your asset market worth to decline.
Unemployment Rate
It’s hard to have a steady rental market if there is high unemployment. Normally profitable businesses lose clients when other businesses lay off employees. This can create increased retrenchments or shorter work hours in the location. Remaining tenants may fall behind on their rent in these conditions.
Income Rates
Median household and per capita income levels tell you if a high amount of suitable tenants reside in that city. Your investment research will consider rental charge and asset appreciation, which will be based on salary raise in the region.
Number of New Jobs Created
The vibrant economy that you are hunting for will be generating a high number of jobs on a regular basis. More jobs mean new renters. This assures you that you can keep a high occupancy level and acquire additional rentals.
School Ratings
Community schools will have a strong impact on the real estate market in their city. Businesses that are interested in moving prefer high quality schools for their workers. Business relocation produces more renters. Homebuyers who relocate to the community have a positive influence on housing prices. For long-term investing, hunt for highly graded schools in a considered investment location.
Property Appreciation Rates
Real estate appreciation rates are an integral component of your long-term investment plan. You have to know that the chances of your investment going up in value in that area are strong. You do not want to take any time looking at regions with weak property appreciation rates.
Short Term Rentals
A furnished house or condo where clients reside for less than 30 days is considered a short-term rental. Long-term rental units, such as apartments, require lower payment per night than short-term ones. With renters coming and going, short-term rentals have to be repaired and sanitized on a constant basis.
Average short-term renters are tourists, home sellers who are waiting to close on their replacement home, and people traveling for business who prefer more than hotel accommodation. Anyone can turn their home into a short-term rental with the tools provided by online home-sharing platforms like VRBO and AirBnB. Short-term rentals are regarded as a good way to start investing in real estate.
Short-term rentals demand engaging with tenants more frequently than long-term rental units. As a result, owners manage difficulties repeatedly. Consider covering yourself and your assets by joining one of real estate law experts in Kent County MI to your network of experts.
Factors to Consider
Short-Term Rental Income
You must decide how much rental income has to be generated to make your investment pay itself off. Knowing the usual amount of rent being charged in the market for short-term rentals will help you select a profitable place to invest.
Median Property Prices
When acquiring real estate for short-term rentals, you should figure out the budget you can afford. Scout for areas where the budget you prefer correlates with the present median property prices. You can also utilize median market worth in specific sections within the market to select cities for investment.
Price Per Square Foot
Price per square foot can be influenced even by the style and floor plan of residential units. If you are looking at the same kinds of property, like condos or separate single-family residences, the price per square foot is more consistent. You can use the price per sq ft metric to get a good overall idea of property values.
Short-Term Rental Occupancy Rate
The number of short-term rental units that are presently occupied in a location is crucial information for a future rental property owner. When the majority of the rental properties have few vacancies, that city demands new rentals. When the rental occupancy rates are low, there is not much need in the market and you should look elsewhere.
Short-Term Rental Cash-on-Cash Return
To determine if you should put your cash in a specific investment asset or region, evaluate the cash-on-cash return. Take your projected Net Operating Income (NOI) and divide it by the cash amount you’re ready to invest. The result you get is a percentage. The higher it is, the quicker your invested cash will be recouped and you’ll start generating profits. If you borrow a portion of the investment and spend less of your cash, you will receive a higher cash-on-cash return.
Average Short-Term Rental Capitalization (Cap) Rates
Another metric shows the market value of real estate as a revenue-producing asset — average short-term rental capitalization (cap) rate. High cap rates indicate that rental units are available in that location for decent prices. When cap rates are low, you can assume to pay more money for real estate in that location. You can get the cap rate for potential investment real estate by dividing the Net Operating Income (NOI) by the market worth or asking price of the investment property. The percentage you get is the property’s cap rate.
Local Attractions
Big public events and entertainment attractions will entice visitors who want short-term rental houses. Vacationers visit specific regions to attend academic and sporting events at colleges and universities, see professional sports, support their kids as they participate in fun events, have fun at yearly festivals, and go to adventure parks. Natural scenic attractions like mountainous areas, lakes, coastal areas, and state and national parks will also draw future tenants.
Fix and Flip
To fix and flip a home, you should get it for less than market worth, conduct any required repairs and updates, then sell it for full market price. The essentials to a lucrative fix and flip are to pay a lower price for the house than its existing value and to carefully analyze the cost to make it saleable.
You also want to understand the resale market where the property is situated. You always have to research the amount of time it takes for real estate to sell, which is determined by the Days on Market (DOM) metric. Liquidating real estate fast will help keep your costs low and ensure your revenue.
Assist compelled real estate owners in discovering your company by listing your services in our directory of the best Kent County home cash buyers and the best Kent County real estate investment companies.
Additionally, coordinate with Kent County real estate bird dogs. Specialists on our list specialize in securing desirable investments while they are still off the market.
Factors to Consider
Median Home Price
The location’s median housing price should help you spot a good neighborhood for flipping houses. You are hunting for median prices that are low enough to suggest investment possibilities in the region. This is a necessary feature of a fix and flip market.
If market data signals a quick decrease in real estate market values, this can highlight the availability of potential short sale houses. Investors who partner with short sale specialists in Kent County MI get continual notices regarding possible investment real estate. Learn more concerning this sort of investment described by our guide How to Buy Short Sale Homes.
Property Appreciation Rate
Are real estate prices in the region going up, or moving down? Stable surge in median values articulates a vibrant investment market. Housing values in the area should be increasing constantly, not rapidly. Buying at a bad moment in an unreliable market can be problematic.
Average Renovation Costs
A comprehensive analysis of the city’s building expenses will make a substantial influence on your location choice. The manner in which the local government goes about approving your plans will affect your investment too. To create a detailed budget, you will have to know whether your construction plans will be required to use an architect or engineer.
Population Growth
Population growth figures provide a look at housing demand in the community. If there are buyers for your fixed up properties, it will show a robust population increase.
Median Population Age
The median citizens’ age is a contributing factor that you might not have included in your investment study. The median age in the community must equal the age of the usual worker. People in the local workforce are the most stable house purchasers. Aging people are getting ready to downsize, or relocate into age-restricted or assisted living communities.
Unemployment Rate
You want to see a low unemployment level in your potential area. An unemployment rate that is lower than the country’s average is what you are looking for. If it’s also less than the state average, that’s even more desirable. If you don’t have a dynamic employment base, an area cannot supply you with abundant home purchasers.
Income Rates
The citizens’ income stats can brief you if the location’s economy is stable. Most people usually obtain financing to buy a house. Home purchasers’ eligibility to be approved for financing relies on the size of their wages. The median income levels will tell you if the region is ideal for your investment efforts. You also prefer to see incomes that are increasing consistently. Construction spendings and home purchase prices rise over time, and you need to be sure that your prospective customers’ income will also climb up.
Number of New Jobs Created
Knowing how many jobs are generated yearly in the region adds to your confidence in a community’s economy. Homes are more quickly liquidated in a region that has a dynamic job environment. New jobs also attract people migrating to the city from elsewhere, which additionally revitalizes the property market.
Hard Money Loan Rates
Real estate investors who flip renovated real estate frequently utilize hard money financing in place of conventional funding. This allows investors to quickly pick up distressed assets. Look up Kent County hard money companies and study financiers’ costs.
People who aren’t experienced concerning hard money lenders can find out what they need to understand with our article for newbie investors — What Is Hard Money in Real Estate?.
Wholesaling
In real estate wholesaling, you locate a residential property that real estate investors may consider a good opportunity and enter into a contract to buy it. When a real estate investor who needs the residential property is found, the purchase contract is sold to them for a fee. The investor then completes the transaction. You are selling the rights to the purchase contract, not the house itself.
The wholesaling method of investing involves the use of a title company that comprehends wholesale deals and is knowledgeable about and involved in double close purchases. Locate title companies for real estate investors in Kent County MI on our website.
To learn how wholesaling works, read our comprehensive article What Is Wholesaling in Real Estate Investing?. While you go about your wholesaling activities, place your company in HouseCashin’s directory of Kent County top home wholesalers. This will allow any desirable partners to see you and reach out.
Factors to Consider
Median Home Prices
Median home values in the city under consideration will quickly notify you whether your investors’ required properties are located there. Since real estate investors want properties that are available for less than market value, you will need to find reduced median prices as an implied hint on the possible supply of residential real estate that you could buy for less than market value.
A rapid decrease in the market value of property may generate the sudden availability of properties with owners owing more than market worth that are wanted by wholesalers. Short sale wholesalers can receive benefits from this method. However, there may be risks as well. Learn more concerning wholesaling a short sale property from our exhaustive instructions. If you determine to give it a go, make certain you employ one of short sale real estate attorneys in Kent County MI and foreclosure lawyers in Kent County MI to confer with.
Property Appreciation Rate
Median home purchase price trends are also vital. Real estate investors who want to resell their investment properties later on, such as long-term rental investors, need a market where real estate prices are going up. Both long- and short-term real estate investors will stay away from an area where home prices are depreciating.
Population Growth
Population growth data is a contributing factor that your future real estate investors will be knowledgeable in. If they know the population is expanding, they will conclude that more residential units are needed. This involves both rental and resale properties. If a population isn’t expanding, it doesn’t need more houses and investors will invest in other areas.
Median Population Age
A vibrant housing market prefers individuals who are initially renting, then shifting into homebuyers, and then buying up in the housing market. To allow this to happen, there has to be a solid employment market of potential tenants and homebuyers. A place with these characteristics will have a median population age that mirrors the working citizens’ age.
Income Rates
The median household and per capita income will be improving in a strong real estate market that real estate investors want to work in. Income growth shows a market that can absorb rent and real estate price surge. Experienced investors avoid locations with unimpressive population wage growth indicators.
Unemployment Rate
Real estate investors whom you offer to buy your sale contracts will deem unemployment levels to be a significant piece of information. Late lease payments and default rates are worse in locations with high unemployment. This upsets long-term real estate investors who want to lease their property. Tenants cannot level up to homeownership and existing homeowners cannot liquidate their property and move up to a larger house. This can prove to be difficult to locate fix and flip real estate investors to take on your purchase agreements.
Number of New Jobs Created
Knowing how frequently additional job openings are created in the region can help you see if the real estate is positioned in a strong housing market. New citizens move into a region that has additional job openings and they look for a place to live. No matter if your buyer supply consists of long-term or short-term investors, they will be attracted to a city with regular job opening generation.
Average Renovation Costs
Repair expenses will be critical to most investors, as they typically acquire low-cost rundown houses to repair. Short-term investors, like house flippers, can’t earn anything when the purchase price and the repair expenses equal to more money than the After Repair Value (ARV) of the home. Seek lower average renovation costs.
Mortgage Note Investing
Mortgage note investing includes buying a loan (mortgage note) from a mortgage holder at a discount. By doing so, the investor becomes the lender to the first lender’s borrower.
When a mortgage loan is being paid as agreed, it is considered a performing loan. Performing loans give you monthly passive income. Non-performing notes can be re-negotiated or you could acquire the property for less than face value by conducting foreclosure.
Someday, you could have a large number of mortgage notes and need more time to service them without help. In this event, you could hire one of note servicing companies in Kent County MI that will basically convert your investment into passive income.
When you want to attempt this investment model, you should place your venture in our list of the best promissory note buyers in Kent County MI. Once you do this, you will be seen by the lenders who promote lucrative investment notes for procurement by investors such as yourself.
Factors to consider
Foreclosure Rates
Performing loan purchasers try to find communities showing low foreclosure rates. Non-performing mortgage note investors can cautiously take advantage of cities with high foreclosure rates as well. If high foreclosure rates have caused a weak real estate market, it may be challenging to liquidate the property after you foreclose on it.
Foreclosure Laws
Professional mortgage note investors are fully knowledgeable about their state’s regulations concerning foreclosure. They will know if the state requires mortgages or Deeds of Trust. While using a mortgage, a court will have to allow a foreclosure. Note owners do not have to have the judge’s agreement with a Deed of Trust.
Mortgage Interest Rates
Acquired mortgage notes contain a negotiated interest rate. This is an important determinant in the returns that you achieve. Interest rates influence the strategy of both types of note investors.
Conventional interest rates can vary by as much as a quarter of a percent around the United States. Mortgage loans issued by private lenders are priced differently and may be more expensive than conventional mortgages.
A mortgage loan note buyer ought to know the private and conventional mortgage loan rates in their areas all the time.
Demographics
When note investors are determining where to purchase notes, they will review the demographic indicators from potential markets. It is critical to find out whether a sufficient number of citizens in the region will continue to have stable employment and wages in the future.
A youthful expanding market with a strong job market can provide a reliable income stream for long-term investors hunting for performing notes.
The identical community may also be appropriate for non-performing mortgage note investors and their exit plan. A resilient regional economy is needed if they are to find buyers for properties they’ve foreclosed on.
Property Values
As a note investor, you will look for borrowers with a comfortable amount of equity. If you have to foreclose on a mortgage loan with lacking equity, the foreclosure auction may not even repay the amount invested in the note. Appreciating property values help raise the equity in the collateral as the homeowner reduces the balance.
Property Taxes
Many borrowers pay real estate taxes to lenders in monthly portions when they make their loan payments. By the time the taxes are due, there needs to be enough payments being held to take care of them. If mortgage loan payments aren’t current, the mortgage lender will have to either pay the taxes themselves, or the property taxes become past due. Tax liens leapfrog over all other liens.
If a municipality has a record of rising tax rates, the combined home payments in that market are constantly expanding. This makes it difficult for financially weak homeowners to stay current, so the loan could become delinquent.
Real Estate Market Strength
A place with growing property values offers excellent opportunities for any mortgage note buyer. It’s crucial to understand that if you have to foreclose on a property, you won’t have trouble getting a good price for the collateral property.
Strong markets often present opportunities for note buyers to make the first mortgage loan themselves. This is a profitable stream of income for successful investors.
Passive Real Estate Investment Strategies
Syndications
A syndication is a group of people who combine their cash and experience to invest in real estate. The syndication is arranged by a person who enrolls other professionals to participate in the endeavor.
The individual who pulls everything together is the Sponsor, frequently called the Syndicator. The sponsor is in charge of performing the purchase or construction and developing revenue. They are also responsible for disbursing the investment profits to the rest of the partners.
The rest of the shareholders in a syndication invest passively. The partnership agrees to pay them a preferred return when the business is showing a profit. The passive investors aren’t given any right (and subsequently have no responsibility) for rendering company or real estate operation decisions.
Factors to consider
Real Estate Market
The investment plan that you use will govern the area you pick to enter a Syndication. The earlier sections of this article related to active real estate investing will help you choose market selection requirements for your future syndication investment.
Sponsor/Syndicator
If you are thinking about being a passive investor in a Syndication, make certain you look into the reputation of the Syndicator. They need to be a knowledgeable real estate investing professional.
He or she might not have any capital in the project. But you prefer them to have funds in the investment. Sometimes, the Sponsor’s investment is their work in uncovering and developing the investment project. Depending on the details, a Syndicator’s payment might include ownership as well as an initial payment.
Ownership Interest
All participants have an ownership percentage in the company. If the company includes sweat equity partners, look for those who give cash to be rewarded with a greater amount of ownership.
Being a capital investor, you should additionally expect to be provided with a preferred return on your funds before profits are distributed. When net revenues are achieved, actual investors are the initial partners who collect a percentage of their cash invested. All the members are then given the rest of the net revenues calculated by their percentage of ownership.
If syndication’s assets are sold at a profit, the profits are shared by the owners. In a growing real estate environment, this can produce a large increase to your investment results. The participants’ percentage of ownership and profit participation is stated in the syndication operating agreement.
REITs
Many real estate investment firms are built as a trust termed Real Estate Investment Trusts or REITs. REITs are developed to enable ordinary people to invest in real estate. The typical investor has the funds to invest in a REIT.
REIT investing is known as passive investing. REITs handle investors’ liability with a varied group of properties. Shares may be sold whenever it is desirable for the investor. One thing you can’t do with REIT shares is to determine the investment properties. The assets that the REIT chooses to acquire are the ones your money is used for.
Real Estate Investment Funds
Mutual funds that hold shares of real estate companies are referred to as real estate investment funds. The investment real estate properties are not held by the fund — they are possessed by the businesses the fund invests in. Investment funds are considered an affordable method to incorporate real estate properties in your appropriation of assets without needless liability. Where REITs have to distribute dividends to its members, funds do not. As with any stock, investment funds’ values rise and decrease with their share price.
You may select a fund that focuses on a predetermined category of real estate you are familiar with, but you don’t get to select the location of every real estate investment. You must count on the fund’s directors to determine which locations and properties are chosen for investment.
Housing
Kent County Housing 2024
The median home value in Kent County is , compared to the state median of and the US median value that is .
The average home value growth percentage in Kent County for the previous decade is per year. The entire state’s average in the course of the past decade was . Across the nation, the per-annum value growth rate has averaged .
Looking at the rental residential market, Kent County has a median gross rent of . The median gross rent level statewide is , while the United States’ median gross rent is .
The percentage of homeowners in Kent County is . The state homeownership percentage is at present of the whole population, while across the United States, the percentage of homeownership is .
of rental housing units in Kent County are tenanted. The statewide renter occupancy percentage is . The country’s occupancy level for leased properties is .
The combined occupied rate for single-family units and apartments in Kent County is , while the vacancy rate for these properties is .
Real Estate Trends
Kent County Home Appreciation Rates
https://housecashin.com/investing-guides/investing-kent-county-mi/#home_appreciation_rates_10
Kent County Home Value
https://housecashin.com/investing-guides/investing-kent-county-mi/#home_value_10
Kent County Median Home Value
https://housecashin.com/investing-guides/investing-kent-county-mi/#median_home_value_10
Kent County Median Gross Rent
https://housecashin.com/investing-guides/investing-kent-county-mi/#median_gross_rent_10
Kent County Price To Rent Ratio Over Time
https://housecashin.com/investing-guides/investing-kent-county-mi/#price_to_rent_ratio_over_time_10
Kent County Home Ownership
Kent County Rent & Ownership
https://housecashin.com/investing-guides/investing-kent-county-mi/#rent_&_ownership_11
Kent County Rent Vs Owner Occupied By Household Type
https://housecashin.com/investing-guides/investing-kent-county-mi/#rent_vs_owner_occupied_by_household_type_11
Kent County Occupied & Vacant Number Of Homes And Apartments
https://housecashin.com/investing-guides/investing-kent-county-mi/#occupied_&_vacant_number_of_homes_and_apartments_11
Kent County Household Type
https://housecashin.com/investing-guides/investing-kent-county-mi/#household_type_11
Kent County Property Types
Kent County Age Of Homes
https://housecashin.com/investing-guides/investing-kent-county-mi/#age_of_homes_12
Kent County Types Of Homes
https://housecashin.com/investing-guides/investing-kent-county-mi/#types_of_homes_12
Kent County Homes Size
https://housecashin.com/investing-guides/investing-kent-county-mi/#homes_size_12
Marketplace
Kent County Investment Property Marketplace
If you are looking to invest in Kent County real estate, our Investment Property Marketplace can become your indispensable tool in your investing business. To help you easily find the best off-market deals in the Kent County area, we created a nationwide investor-friendly online platform. Use it to shop for lucrative off-market properties for sale according to your specific buying criteria.
Unlike other real estate listing websites, our marketplace’s interface is particularly designed for investors. Besides the purchase price, you can see other, essential to investors, key indicators such as: rehab costs and ARV, potential profit, FSBO, or realtor-assisted deal, and others. To get started, visit our marketplace and search for Kent County investment properties for sale.
Kent County Investment Properties for Sale
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Financing
Kent County Real Estate Investing Financing
If you are looking for a loan to finance investment property purchase, rehab or ground up construction in Kent County MI, easily get quotes from multiple lenders at once and compare rates.
Fill out our quick online real estate financing application form to receive multiple quotes for your preferred type of loan from our preferred Kent County private and hard money lenders.
Kent County Investment Property Loan Types
- Rehab Loans
- Fix and Flip Loans
- Bridge Loans
- Asset Based Loans
- Cash Out/Refinance Loans
- Transactional Funding
- Transactional Hard Money Loans
- Private Money Loans
- New Construction Loans
Population
Kent County Population Trends
Kent County has an overall population of .
The population’s growth rate over the last decade has been . Within that decade, the state recorded a growth rate of . The decade’s population growth rate for the country overall was .
The average yearly population growth rate for Kent County was , and the state’s average was . The nationwide average population growth rate within that cycle was .
The population’s median age in Kent County is .
Kent County Population Over Time
https://housecashin.com/investing-guides/investing-kent-county-mi/#population_over_time_24
Kent County Population By Year
https://housecashin.com/investing-guides/investing-kent-county-mi/#population_by_year_24
Kent County Population By Age And Sex
https://housecashin.com/investing-guides/investing-kent-county-mi/#population_by_age_and_sex_24
Economy
Kent County Economy 2024
In Kent County, the median household income is . The median income for all households in the entire state is , in contrast to the country’s figure which is .
The average income per person in Kent County is , in contrast to the state level of . Per capita income in the country is reported at .
The citizens in Kent County earn an average salary of in a state where the average salary is , with wages averaging at the national level.
Kent County has an unemployment average of , while the state shows the rate of unemployment at and the US rate at .
On the whole, the poverty rate in Kent County is . The state’s statistics demonstrate a combined rate of poverty of , and a comparable survey of nationwide stats reports the US rate at .
Kent County Residents’ Income
Kent County Median Household Income
https://housecashin.com/investing-guides/investing-kent-county-mi/#median_household_income_27
Kent County Per Capita Income
https://housecashin.com/investing-guides/investing-kent-county-mi/#per_capita_income_27
Kent County Income Distribution
https://housecashin.com/investing-guides/investing-kent-county-mi/#income_distribution_27
Kent County Poverty Over Time
https://housecashin.com/investing-guides/investing-kent-county-mi/#poverty_over_time_27
Kent County Property Price To Income Ratio Over Time
https://housecashin.com/investing-guides/investing-kent-county-mi/#property_price_to_income_ratio_over_time_27
Kent County Job Market
Kent County Employment Industries (Top 10)
https://housecashin.com/investing-guides/investing-kent-county-mi/#employment_industries_(top_10)_28
Kent County Unemployment Rate
https://housecashin.com/investing-guides/investing-kent-county-mi/#unemployment_rate_28
Kent County Employment Distribution By Age
https://housecashin.com/investing-guides/investing-kent-county-mi/#employment_distribution_by_age_28
Kent County Average Salary Over Time
https://housecashin.com/investing-guides/investing-kent-county-mi/#average_salary_over_time_28
Kent County Employment Rate Over Time
https://housecashin.com/investing-guides/investing-kent-county-mi/#employment_rate_over_time_28
Kent County Employed Population Over Time
https://housecashin.com/investing-guides/investing-kent-county-mi/#employed_population_over_time_28
Schools
Kent County School Ratings
Kent County has a public education system made up of grade schools, middle schools, and high schools.
The high school graduating rate in the Kent County schools is .
Kent County School Ratings
https://housecashin.com/investing-guides/investing-kent-county-mi/#school_ratings_31