Ultimate Summers County Real Estate Investing Guide for 2024
Overview
Summers County Real Estate Investing Market Overview
The rate of population growth in Summers County has had a yearly average of throughout the last decade. By comparison, the average rate at the same time was for the full state, and nationally.
The total population growth rate for Summers County for the most recent ten-year period is , in comparison to for the whole state and for the nation.
Currently, the median home value in Summers County is . The median home value throughout the state is , and the nation’s indicator is .
Housing values in Summers County have changed over the past 10 years at an annual rate of . The yearly growth rate in the state averaged . Across the United States, real property prices changed annually at an average rate of .
If you review the rental market in Summers County you’ll discover a gross median rent of , in contrast to the state median of , and the median gross rent in the whole country of .
Summers County Real Estate Investing Highlights
Summers County Top Highlights
https://housecashin.com/investing-guides/investing-summers-county-wv/#top_highlights_3
Strategies
Strategy Selection
As you start reviewing an unfamiliar area for possible real estate investment projects, do not forget the sort of real property investment strategy that you adopt.
We’re going to show you advice on how to view market data and demographics that will impact your particular sort of real estate investment. This will guide you to analyze the information provided within this web page, as required for your intended plan and the respective set of factors.
There are location fundamentals that are critical to all types of real estate investors. They combine public safety, highways and access, and regional airports among other factors. When you look into the data of the site, you should zero in on the areas that are critical to your distinct real property investment.
If you want short-term vacation rental properties, you’ll focus on cities with vibrant tourism. Fix and flip investors will pay attention to the Days On Market data for houses for sale. They have to understand if they can contain their expenses by unloading their repaired properties promptly.
Long-term real property investors look for clues to the stability of the city’s job market. Investors need to find a varied employment base for their potential tenants.
When you are unsure about a method that you would want to follow, contemplate gaining knowledge from real estate investor coaches in Summers County WV. Another interesting possibility is to participate in any of Summers County top property investment groups and attend Summers County investment property workshops and meetups to meet assorted professionals.
Here are the various real property investment techniques and the methods in which they review a likely real estate investment market.
Active Real Estate Investment Strategies
Buy and Hold
When a real estate investor acquires a property and keeps it for a prolonged period, it’s thought of as a Buy and Hold investment. Throughout that period the investment property is used to produce mailbox income which grows the owner’s earnings.
At some point in the future, when the value of the asset has increased, the investor has the option of liquidating the property if that is to their advantage.
A realtor who is ranked with the top Summers County investor-friendly real estate agents will offer a complete examination of the market where you’ve decided to invest. The following instructions will lay out the components that you should incorporate into your business strategy.
Factors to Consider
Property Appreciation Rate
Property appreciation rates are one of the first elements that illustrate if the area has a secure, stable real estate investment market. You must see a solid annual rise in property values. Actual records exhibiting consistently growing property values will give you assurance in your investment return calculations. Stagnant or falling investment property market values will eliminate the main component of a Buy and Hold investor’s plan.
Population Growth
A location without strong population increases will not provide sufficient renters or homebuyers to support your buy-and-hold plan. This is a precursor to reduced lease rates and real property values. People migrate to identify better job possibilities, preferable schools, and secure neighborhoods. You want to avoid such markets. The population growth that you are hunting for is reliable year after year. Both long- and short-term investment measurables benefit from population growth.
Property Taxes
Property taxes greatly influence a Buy and Hold investor’s revenue. You should skip markets with unreasonable tax levies. Property rates seldom go down. A city that keeps raising taxes could not be the effectively managed community that you’re hunting for.
Some pieces of real estate have their value mistakenly overvalued by the area assessors. If this situation unfolds, a company on the directory of Summers County property tax appeal service providers will take the circumstances to the county for examination and a conceivable tax valuation reduction. However, if the circumstances are complicated and involve a lawsuit, you will require the involvement of top Summers County real estate tax attorneys.
Price to rent ratio
The price to rent ratio (p/r) is the median real estate price divided by the annual median gross rent. A community with low rental prices has a high p/r. This will enable your asset to pay back its cost within an acceptable time. You don’t want a p/r that is so low it makes acquiring a residence cheaper than renting one. If tenants are turned into buyers, you may wind up with unused units. You are looking for markets with a moderately low p/r, obviously not a high one.
Median Gross Rent
This indicator is a gauge employed by landlords to locate reliable lease markets. The community’s historical statistics should confirm a median gross rent that repeatedly increases.
Median Population Age
You can consider a community’s median population age to estimate the portion of the population that might be renters. You want to find a median age that is close to the center of the age of working adults. An aged populace will be a burden on community revenues. An aging populace can result in larger property taxes.
Employment Industry Diversity
When you are a long-term investor, you cannot accept to compromise your asset in a community with one or two significant employers. A variety of business categories dispersed across varied businesses is a durable employment market. This keeps the stoppages of one industry or corporation from impacting the entire rental business. You do not want all your renters to become unemployed and your rental property to lose value because the only dominant job source in the market went out of business.
Unemployment Rate
If a location has a high rate of unemployment, there are not many renters and buyers in that area. Existing tenants may experience a difficult time paying rent and replacement tenants may not be easy to find. When people get laid off, they become unable to pay for products and services, and that hurts businesses that hire other people. A market with severe unemployment rates faces unsteady tax revenues, not enough people moving there, and a problematic economic outlook.
Income Levels
Citizens’ income levels are investigated by every ‘business to consumer’ (B2C) company to find their clients. You can utilize median household and per capita income data to investigate particular sections of a community as well. Adequate rent standards and occasional rent increases will need a market where salaries are growing.
Number of New Jobs Created
Statistics illustrating how many job opportunities are created on a regular basis in the area is a vital tool to decide whether a market is good for your long-range investment strategy. Job openings are a generator of new renters. Additional jobs create a stream of tenants to replace departing ones and to rent added rental properties. An economy that generates new jobs will draw more people to the community who will lease and buy houses. Growing need for laborers makes your real property worth increase before you want to liquidate it.
School Ratings
School ratings should be a high priority to you. Relocating companies look carefully at the quality of local schools. Strongly rated schools can draw new families to the community and help retain current ones. The reliability of the need for housing will make or break your investment plans both long and short-term.
Natural Disasters
With the primary target of reselling your real estate subsequent to its value increase, its physical status is of uppermost priority. That’s why you will need to exclude communities that often face environmental problems. In any event, your property insurance should safeguard the asset for destruction caused by events such as an earthquake.
To insure property costs generated by renters, search for help in the list of the best Summers County landlord insurance providers.
Long Term Rental (BRRRR)
The acronym BRRRR is a description of a long-term rental plan — Buy, Rehab, Rent, Refinance, Repeat. BRRRR is a method for continuous expansion. A critical part of this plan is to be able to do a “cash-out” refinance.
The After Repair Value (ARV) of the house needs to total more than the total purchase and refurbishment costs. Next, you remove the value you produced from the asset in a “cash-out” mortgage refinance. You acquire your next property with the cash-out sum and do it anew. You add appreciating investment assets to the balance sheet and rental revenue to your cash flow.
If an investor owns a large portfolio of investment properties, it makes sense to employ a property manager and establish a passive income stream. Discover Summers County property management companies when you look through our list of experts.
Factors to Consider
Population Growth
Population rise or loss shows you if you can expect good results from long-term real estate investments. If you see good population growth, you can be sure that the area is attracting likely tenants to it. Employers think of this community as promising place to move their business, and for workers to relocate their families. An increasing population builds a stable base of renters who will handle rent bumps, and a vibrant property seller’s market if you need to unload any investment properties.
Property Taxes
Real estate taxes, similarly to insurance and upkeep spendings, can differ from place to market and have to be looked at carefully when estimating potential returns. Rental assets located in steep property tax markets will provide lower profits. Locations with excessive property taxes are not a dependable environment for short- or long-term investment and must be bypassed.
Price to Rent Ratio
The price to rent ratio (p/r) is a contrast of median property values and median rental rates that will show you how much rent the market can tolerate. An investor will not pay a high price for an investment property if they can only demand a small rent not allowing them to pay the investment off in a suitable timeframe. The lower rent you can collect the higher the price-to-rent ratio, with a low p/r illustrating a better rent market.
Median Gross Rents
Median gross rents are a clear illustration of the strength of a lease market. Look for a steady expansion in median rents during a few years. If rental rates are declining, you can eliminate that city from consideration.
Median Population Age
Median population age in a reliable long-term investment environment should equal the normal worker’s age. You’ll learn this to be accurate in cities where workers are relocating. A high median age shows that the current population is aging out with no replacement by younger workers migrating in. That is a poor long-term financial picture.
Employment Base Diversity
Accommodating different employers in the locality makes the market less unpredictable. If workers are concentrated in a few significant companies, even a small issue in their business might cause you to lose a great deal of tenants and raise your risk enormously.
Unemployment Rate
It is a challenge to maintain a secure rental market if there is high unemployment. Out-of-work citizens can’t be customers of yours and of related companies, which produces a domino effect throughout the community. This can create a high amount of retrenchments or shorter work hours in the location. This could increase the instances of late rent payments and renter defaults.
Income Rates
Median household and per capita income data is a useful instrument to help you discover the regions where the renters you want are residing. Existing wage figures will communicate to you if income raises will allow you to raise rental rates to meet your income projections.
Number of New Jobs Created
The robust economy that you are looking for will generate enough jobs on a consistent basis. The individuals who are employed for the new jobs will need a residence. This allows you to buy additional lease assets and fill existing empty units.
School Ratings
The ranking of school districts has a significant effect on home prices across the community. Companies that are considering relocating require high quality schools for their workers. Business relocation produces more renters. New arrivals who are looking for a house keep real estate prices strong. For long-term investing, hunt for highly endorsed schools in a considered investment market.
Property Appreciation Rates
Real estate appreciation rates are an indispensable ingredient of your long-term investment scheme. You have to make sure that your property assets will grow in value until you need to sell them. You do not want to take any time reviewing areas showing weak property appreciation rates.
Short Term Rentals
A furnished property where clients live for shorter than a month is considered a short-term rental. Short-term rental businesses charge a higher rate per night than in long-term rental business. Short-term rental properties could involve more frequent upkeep and sanitation.
Short-term rentals are used by clients travelling for work who are in the region for a couple of days, those who are relocating and need transient housing, and holidaymakers. Ordinary property owners can rent their houses or condominiums on a short-term basis using portals such as AirBnB and VRBO. This makes short-term rentals an easy method to endeavor real estate investing.
Short-term rental units involve dealing with occupants more frequently than long-term rentals. This results in the landlord having to regularly manage protests. Think about controlling your liability with the aid of any of the top real estate attorneys in Summers County WV.
Factors to Consider
Short-Term Rental Income
First, find out how much rental income you must have to achieve your anticipated profits. Being aware of the average amount of rental fees in the market for short-term rentals will help you choose a profitable place to invest.
Median Property Prices
You also must determine how much you can bear to invest. The median values of property will tell you if you can manage to participate in that market. You can narrow your property hunt by looking at median prices in the community’s sub-markets.
Price Per Square Foot
Price per sq ft provides a general idea of market values when analyzing comparable real estate. If you are comparing similar kinds of property, like condominiums or individual single-family homes, the price per square foot is more reliable. If you take note of this, the price per sq ft can give you a basic idea of property prices.
Short-Term Rental Occupancy Rate
The need for additional rentals in a market may be determined by analyzing the short-term rental occupancy rate. A high occupancy rate means that a new supply of short-term rental space is required. Weak occupancy rates signify that there are already too many short-term units in that market.
Short-Term Rental Cash-on-Cash Return
A short-term rental’s cash-on-cash return can tell you if the property is a good use of your own funds. You can calculate the cash-on-cash return by determining your Net Operating Income (NOI) and dividing it by the cash you are putting in. The result is a percentage. High cash-on-cash return means that you will recoup your capital faster and the purchase will be more profitable. If you get financing for a portion of the investment amount and use less of your funds, you will receive a higher cash-on-cash return.
Average Short-Term Rental Capitalization (Cap) Rates
This criterion compares property value to its yearly return. High cap rates indicate that investment properties are accessible in that area for decent prices. When cap rates are low, you can prepare to pay a higher amount for rental units in that community. You can determine the cap rate for possible investment property by dividing the Net Operating Income (NOI) by the Fair Market Value or listing price of the property. This gives you a percentage that is the year-over-year return, or cap rate.
Local Attractions
Short-term renters are commonly people who come to a community to attend a recurring major activity or visit places of interest. Tourists come to specific cities to watch academic and sporting events at colleges and universities, be entertained by competitions, support their kids as they compete in fun events, party at annual festivals, and stop by amusement parks. Outdoor tourist spots such as mountainous areas, waterways, coastal areas, and state and national nature reserves can also invite potential renters.
Fix and Flip
The fix and flip approach requires buying a house that demands fixing up or rehabbing, putting added value by upgrading the building, and then reselling it for a better market worth. Your assessment of improvement spendings has to be correct, and you need to be capable of acquiring the home for less than market worth.
Assess the values so that you understand the actual After Repair Value (ARV). Select an area that has a low average Days On Market (DOM) indicator. Liquidating real estate promptly will help keep your expenses low and ensure your profitability.
So that real estate owners who need to liquidate their house can easily discover you, promote your availability by using our directory of the best real estate cash buyers in Summers County WV along with the best real estate investors in Summers County WV.
Additionally, hunt for real estate bird dogs in Summers County WV. Experts discovered here will assist you by immediately finding possibly successful projects prior to them being listed.
Factors to Consider
Median Home Price
When you look for a profitable area for real estate flipping, look into the median home price in the city. You are seeking for median prices that are modest enough to hint on investment opportunities in the community. This is a key component of a lucrative rehab and resale project.
When your research shows a fast weakening in housing values, it may be a signal that you will uncover real estate that meets the short sale criteria. You can be notified concerning these opportunities by partnering with short sale negotiation companies in Summers County WV. Uncover more about this sort of investment described by our guide How Do I Buy a Short Sale Property?.
Property Appreciation Rate
The changes in property prices in a region are crucial. You are searching for a constant appreciation of the city’s housing market rates. Rapid property value growth can reflect a market value bubble that isn’t sustainable. Purchasing at an inopportune time in an unsteady environment can be devastating.
Average Renovation Costs
A thorough analysis of the market’s building expenses will make a significant impact on your area choice. Other costs, such as authorizations, could shoot up your budget, and time which may also develop into an added overhead. If you need to have a stamped set of plans, you will need to incorporate architect’s fees in your expenses.
Population Growth
Population growth is a strong indicator of the potential or weakness of the community’s housing market. If there are purchasers for your renovated real estate, the statistics will show a strong population growth.
Median Population Age
The median population age will also show you if there are qualified homebuyers in the location. The median age should not be less or higher than that of the usual worker. Employed citizens can be the individuals who are active home purchasers. Older individuals are preparing to downsize, or move into senior-citizen or retiree neighborhoods.
Unemployment Rate
If you run across a city showing a low unemployment rate, it’s a solid indication of profitable investment possibilities. It should always be less than the country’s average. A positively solid investment region will have an unemployment rate lower than the state’s average. If they want to purchase your rehabbed houses, your potential buyers have to work, and their customers too.
Income Rates
Median household and per capita income are an important sign of the scalability of the home-buying environment in the location. Most buyers need to get a loan to buy a home. Their salary will show how much they can afford and whether they can purchase a home. Median income can let you analyze if the typical homebuyer can afford the houses you plan to sell. You also need to see wages that are increasing over time. Construction spendings and housing prices rise over time, and you want to be sure that your prospective purchasers’ salaries will also climb up.
Number of New Jobs Created
The number of employment positions created on a consistent basis tells if income and population growth are viable. An increasing job market means that more prospective home buyers are confident in purchasing a house there. Competent trained employees looking into buying real estate and settling choose migrating to cities where they won’t be unemployed.
Hard Money Loan Rates
Investors who buy, renovate, and liquidate investment properties prefer to engage hard money instead of traditional real estate funding. This strategy enables investors complete profitable deals without hindrance. Find the best private money lenders in Summers County WV so you can compare their charges.
Investors who aren’t experienced concerning hard money financing can discover what they should know with our article for newbie investors — What Is Hard Money Lending?.
Wholesaling
In real estate wholesaling, you locate a home that investors would think is a good deal and enter into a purchase contract to purchase it. However you don’t buy it: after you have the property under contract, you allow an investor to become the buyer for a price. The property is sold to the investor, not the real estate wholesaler. The wholesaler does not liquidate the residential property — they sell the rights to buy one.
Wholesaling relies on the assistance of a title insurance company that’s comfortable with assignment of real estate sale agreements and comprehends how to proceed with a double closing. Look for title companies for wholesaling in Summers County WV that we collected for you.
Discover more about the way to wholesale property from our definitive guide — Real Estate Wholesaling Explained for Beginners. When pursuing this investing plan, add your business in our list of the best home wholesalers in Summers County WV. That way your likely customers will know about you and contact you.
Factors to Consider
Median Home Prices
Median home values in the city under consideration will roughly notify you if your real estate investors’ preferred investment opportunities are located there. A community that has a sufficient source of the below-market-value properties that your investors require will have a low median home price.
Accelerated deterioration in real property market values might lead to a supply of real estate with no equity that appeal to short sale flippers. Wholesaling short sale homes regularly delivers a collection of particular perks. Nonetheless, be aware of the legal liability. Find out about this from our guide Can I Wholesale a Short Sale Home?. Once you choose to give it a try, make certain you employ one of short sale attorneys in Summers County WV and foreclosure law firms in Summers County WV to confer with.
Property Appreciation Rate
Median home price changes explain in clear detail the home value in the market. Some real estate investors, such as buy and hold and long-term rental investors, particularly want to see that residential property values in the city are increasing steadily. A weakening median home price will show a weak rental and home-buying market and will turn off all types of investors.
Population Growth
Population growth information is an indicator that investors will consider thoroughly. An expanding population will have to have additional housing. There are many individuals who lease and more than enough clients who purchase houses. A market with a shrinking population does not draw the real estate investors you need to purchase your purchase contracts.
Median Population Age
A preferable housing market for investors is strong in all areas, notably tenants, who evolve into home purchasers, who move up into larger houses. To allow this to take place, there needs to be a solid workforce of potential renters and homeowners. A city with these features will display a median population age that is equivalent to the working person’s age.
Income Rates
The median household and per capita income in a reliable real estate investment market should be improving. Income improvement proves a city that can keep up with rent and housing price surge. Real estate investors stay away from markets with poor population income growth stats.
Unemployment Rate
Real estate investors will pay a lot of attention to the city’s unemployment rate. Renters in high unemployment places have a difficult time staying current with rent and some of them will miss rent payments completely. Long-term investors won’t acquire a property in an area like this. Tenants can’t transition up to homeownership and current homeowners can’t liquidate their property and move up to a larger home. Short-term investors won’t risk getting stuck with real estate they cannot liquidate easily.
Number of New Jobs Created
The amount of jobs created per year is an essential element of the housing picture. More jobs created lead to plenty of workers who need places to lease and purchase. Long-term investors, such as landlords, and short-term investors which include rehabbers, are attracted to areas with good job production rates.
Average Renovation Costs
An influential consideration for your client real estate investors, particularly house flippers, are rehabilitation expenses in the city. Short-term investors, like fix and flippers, don’t reach profitability if the price and the rehab costs total to more money than the After Repair Value (ARV) of the house. The less you can spend to renovate an asset, the more attractive the city is for your potential contract clients.
Mortgage Note Investing
Note investment professionals obtain debt from mortgage lenders when the investor can obtain it for less than the outstanding debt amount. When this happens, the investor becomes the client’s mortgage lender.
When a loan is being repaid on time, it’s thought of as a performing note. Performing loans provide repeating income for investors. Investors also purchase non-performing mortgages that they either re-negotiate to help the debtor or foreclose on to buy the collateral below market worth.
Eventually, you might grow a number of mortgage note investments and lack the ability to service the portfolio by yourself. In this case, you may want to hire one of loan servicers in Summers County WV that would basically convert your investment into passive income.
Should you decide that this strategy is ideal for you, include your firm in our list of Summers County top mortgage note buying companies. This will help you become more noticeable to lenders offering desirable possibilities to note buyers like yourself.
Factors to consider
Foreclosure Rates
Mortgage note investors hunting for valuable mortgage loans to buy will prefer to see low foreclosure rates in the market. High rates may signal opportunities for non-performing note investors, but they should be cautious. If high foreclosure rates have caused a slow real estate market, it may be challenging to resell the property if you seize it through foreclosure.
Foreclosure Laws
Investors are expected to know their state’s regulations concerning foreclosure before investing in mortgage notes. Some states require mortgage paperwork and others require Deeds of Trust. While using a mortgage, a court will have to allow a foreclosure. Lenders don’t have to have the judge’s permission with a Deed of Trust.
Mortgage Interest Rates
The interest rate is indicated in the mortgage notes that are acquired by mortgage note investors. This is a significant element in the investment returns that you achieve. Mortgage interest rates are critical to both performing and non-performing mortgage note investors.
Conventional interest rates may differ by up to a quarter of a percent throughout the US. The stronger risk accepted by private lenders is accounted for in bigger interest rates for their mortgage loans compared to traditional loans.
A mortgage loan note investor ought to know the private and traditional mortgage loan rates in their markets all the time.
Demographics
A lucrative mortgage note investment strategy uses a review of the region by using demographic data. The city’s population growth, unemployment rate, job market growth, income standards, and even its median age hold valuable facts for note buyers.
A young growing area with a diverse employment base can generate a consistent revenue flow for long-term note buyers hunting for performing mortgage notes.
The same market may also be profitable for non-performing mortgage note investors and their end-game strategy. A strong regional economy is needed if they are to find homebuyers for properties on which they have foreclosed.
Property Values
Mortgage lenders like to find as much home equity in the collateral as possible. This increases the possibility that a potential foreclosure liquidation will repay the amount owed. Growing property values help raise the equity in the collateral as the borrower pays down the amount owed.
Property Taxes
Usually, mortgage lenders accept the house tax payments from the customer every month. This way, the mortgage lender makes certain that the property taxes are taken care of when payable. If mortgage loan payments are not being made, the lender will have to choose between paying the taxes themselves, or they become delinquent. When property taxes are delinquent, the municipality’s lien jumps over all other liens to the head of the line and is taken care of first.
If a market has a record of growing tax rates, the total house payments in that community are constantly growing. Homeowners who are having trouble handling their loan payments could fall farther behind and sooner or later default.
Real Estate Market Strength
A growing real estate market showing good value appreciation is good for all types of note investors. As foreclosure is a necessary component of mortgage note investment planning, increasing property values are essential to finding a good investment market.
A strong real estate market can also be a profitable community for originating mortgage notes. This is a profitable stream of income for successful investors.
Passive Real Estate Investment Strategies
Syndications
When investors work together by supplying cash and creating a company to own investment real estate, it’s referred to as a syndication. One partner puts the deal together and enrolls the others to participate.
The member who pulls everything together is the Sponsor, frequently called the Syndicator. It is their job to oversee the purchase or development of investment properties and their use. The Sponsor handles all business issues including the disbursement of income.
The other owners in a syndication invest passively. The company promises to give them a preferred return once the investments are turning a profit. These partners have no duties concerned with supervising the partnership or managing the operation of the assets.
Factors to consider
Real Estate Market
The investment blueprint that you use will govern the region you choose to enter a Syndication. For help with identifying the crucial elements for the strategy you prefer a syndication to adhere to, review the earlier information for active investment strategies.
Sponsor/Syndicator
Since passive Syndication investors rely on the Sponsor to handle everything, they ought to research the Sponsor’s reliability carefully. Successful real estate Syndication depends on having a knowledgeable experienced real estate professional for a Sponsor.
In some cases the Sponsor does not place funds in the venture. You might want that your Sponsor does have money invested. The Syndicator is investing their time and talents to make the venture successful. Some deals have the Sponsor being given an upfront payment plus ownership interest in the venture.
Ownership Interest
Every participant holds a portion of the company. When there are sweat equity partners, expect members who place money to be compensated with a higher piece of interest.
As a cash investor, you should also expect to receive a preferred return on your investment before income is disbursed. When net revenues are reached, actual investors are the initial partners who are paid an agreed percentage of their cash invested. After it’s distributed, the rest of the net revenues are paid out to all the members.
If the asset is eventually sold, the partners get an agreed percentage of any sale proceeds. Adding this to the ongoing cash flow from an income generating property significantly enhances a member’s returns. The owners’ portion of ownership and profit share is spelled out in the partnership operating agreement.
REITs
Many real estate investment organizations are formed as trusts termed Real Estate Investment Trusts or REITs. REITs are created to enable everyday investors to invest in real estate. Shares in REITs are economical for the majority of investors.
Participants in such organizations are completely passive investors. REITs oversee investors’ exposure with a varied selection of properties. Investors can liquidate their REIT shares whenever they need. One thing you can’t do with REIT shares is to choose the investment real estate properties. Their investment is limited to the investment properties owned by their REIT.
Real Estate Investment Funds
A Real Estate Investment Fund is a mutual fund that owns stocks of real estate companies. The fund doesn’t own properties — it holds interest in real estate firms. This is an additional method for passive investors to allocate their investments with real estate without the high entry-level expense or liability. Where REITs have to disburse dividends to its members, funds do not. The worth of a fund to an investor is the expected increase of the worth of the shares.
You can pick a fund that specializes in a selected category of real estate you are knowledgeable about, but you don’t get to select the geographical area of each real estate investment. You must count on the fund’s directors to choose which markets and real estate properties are selected for investment.
Housing
Summers County Housing 2024
In Summers County, the median home value is , at the same time the median in the state is , and the nation’s median value is .
The year-to-year residential property value growth tempo has been throughout the previous ten years. At the state level, the ten-year annual average has been . Nationwide, the yearly appreciation rate has averaged .
Viewing the rental housing market, Summers County has a median gross rent of . Median gross rent across the state is , with a countrywide gross median of .
The rate of home ownership is at in Summers County. The percentage of the state’s citizens that are homeowners is , compared to across the nation.
The leased property occupancy rate in Summers County is . The state’s supply of rental properties is leased at a percentage of . Across the United States, the rate of renter-occupied units is .
The rate of occupied houses and apartments in Summers County is , and the rate of empty houses and apartment buildings is .
Real Estate Trends
Summers County Home Appreciation Rates
https://housecashin.com/investing-guides/investing-summers-county-wv/#home_appreciation_rates_10
Summers County Home Value
https://housecashin.com/investing-guides/investing-summers-county-wv/#home_value_10
Summers County Median Home Value
https://housecashin.com/investing-guides/investing-summers-county-wv/#median_home_value_10
Summers County Median Gross Rent
https://housecashin.com/investing-guides/investing-summers-county-wv/#median_gross_rent_10
Summers County Price To Rent Ratio Over Time
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Summers County Home Ownership
Summers County Rent & Ownership
https://housecashin.com/investing-guides/investing-summers-county-wv/#rent_&_ownership_11
Summers County Rent Vs Owner Occupied By Household Type
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Summers County Occupied & Vacant Number Of Homes And Apartments
https://housecashin.com/investing-guides/investing-summers-county-wv/#occupied_&_vacant_number_of_homes_and_apartments_11
Summers County Household Type
https://housecashin.com/investing-guides/investing-summers-county-wv/#household_type_11
Summers County Property Types
Summers County Age Of Homes
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Summers County Types Of Homes
https://housecashin.com/investing-guides/investing-summers-county-wv/#types_of_homes_12
Summers County Homes Size
https://housecashin.com/investing-guides/investing-summers-county-wv/#homes_size_12
Marketplace
Summers County Investment Property Marketplace
If you are looking to invest in Summers 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 Summers 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 Summers County investment properties for sale.
Summers County Investment Properties for Sale
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Financing
Summers County Real Estate Investing Financing
If you are looking for a loan to finance investment property purchase, rehab or ground up construction in Summers County WV, 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 Summers County private and hard money lenders.
Summers 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
Summers County Population Trends
The present population of Summers County is .
The population’s growth rate throughout the past decade has been . The state registered a population growth rate over the same 10-year time frame of . The 10-year population growth rate for the country in general was .
The average annual growth rate for Summers County was , and the state’s average was . The national average population growth rate over that cycle was .
The population’s median age in Summers County is .
Summers County Population Over Time
https://housecashin.com/investing-guides/investing-summers-county-wv/#population_over_time_24
Summers County Population By Year
https://housecashin.com/investing-guides/investing-summers-county-wv/#population_by_year_24
Summers County Population By Age And Sex
https://housecashin.com/investing-guides/investing-summers-county-wv/#population_by_age_and_sex_24
Economy
Summers County Economy 2024
The median household income in Summers County is . The median income for all households in the whole state is , compared to the national median which is .
This corresponds to a per person income of in Summers County, and throughout the state. The populace of the country as a whole has a per person income of .
Currently, the average salary in Summers County is , with the whole state average of , and the country’s average figure of .
In Summers County, the rate of unemployment is , while at the same time the state’s unemployment rate is , in contrast to the country’s rate of .
The economic information from Summers County illustrates an overall rate of poverty of . The state’s statistics disclose a combined rate of poverty of , and a similar survey of national stats puts the nationwide rate at .
Summers County Residents’ Income
Summers County Median Household Income
https://housecashin.com/investing-guides/investing-summers-county-wv/#median_household_income_27
Summers County Per Capita Income
https://housecashin.com/investing-guides/investing-summers-county-wv/#per_capita_income_27
Summers County Income Distribution
https://housecashin.com/investing-guides/investing-summers-county-wv/#income_distribution_27
Summers County Poverty Over Time
https://housecashin.com/investing-guides/investing-summers-county-wv/#poverty_over_time_27
Summers County Property Price To Income Ratio Over Time
https://housecashin.com/investing-guides/investing-summers-county-wv/#property_price_to_income_ratio_over_time_27
Summers County Job Market
Summers County Employment Industries (Top 10)
https://housecashin.com/investing-guides/investing-summers-county-wv/#employment_industries_(top_10)_28
Summers County Unemployment Rate
https://housecashin.com/investing-guides/investing-summers-county-wv/#unemployment_rate_28
Summers County Employment Distribution By Age
https://housecashin.com/investing-guides/investing-summers-county-wv/#employment_distribution_by_age_28
Summers County Average Salary Over Time
https://housecashin.com/investing-guides/investing-summers-county-wv/#average_salary_over_time_28
Summers County Employment Rate Over Time
https://housecashin.com/investing-guides/investing-summers-county-wv/#employment_rate_over_time_28
Summers County Employed Population Over Time
https://housecashin.com/investing-guides/investing-summers-county-wv/#employed_population_over_time_28
Schools
Summers County School Ratings
The public school setup in Summers County is kindergarten to 12th grade, with grade schools, middle schools, and high schools.
of public school students in Summers County are high school graduates.
Summers County School Ratings
https://housecashin.com/investing-guides/investing-summers-county-wv/#school_ratings_31