Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

Account Closed
  • New York City, NY
14
Votes |
38
Posts

Kansas City vs Chicago

Account Closed
  • New York City, NY
Posted

Greetings,

I've been exploring a few different hybrid markets for an out of state investment (considering possibly a turnkey property). So far, I'm deciding between Kansas City and Chicago. 

From my research:

- Kansas City have a lower population and lower home prices

- Chicago have a higher population and higher home prices

- Kansas City currently have about a 5.74% vacancy rate but as recently as 7 to 12 years ago, a 10.58-12.40% vacancy rate (source: http://www.deptofnumbers.com/rent/missouri/kansas-... )

- Chicago currently have about a 5.22% vacancy rate, trending downwards from 9.26% in 2005 ( http://www.deptofnumbers.com/rent/illinois/chicago... )

Was wondering if anyone have any strong opinions about investing in one city or the other? As a side note, I've also considered Memphis which appears at the moment to be a stable market with a lower rate of appreciation, but my only concern is that the appreciation may not catch up with inflation and the city appears to have the highest vacancy rate of the three markets described at the time of this post.

All inputs are welcome and greatly appreciated :)

Loading replies...