Looking for new markets for Section 8 land-lording

[Glenn Barlow]

Hi BP Family,

I am interested in venturing out into some new markets country-wide for purchasing <$100k SFH and renting to Section 8.

I am concerned about so called 'saturated'  markets.  

Does anyone have any insights or recommendations on good markets to get into - we would like to be in an area where we can invest in scaleable numbers of units.  i.e. not 3 or 4 houses in a city and then on to another city. 

Thanks

GB

[Jay Hinrichs]

Any city in the deep south  right up the Mississippi valley

and any rust belt city.. all of them are basically interchangeable. 

[Travis Biziorek]

Hey Glenn,

Detroit might be worth a look if you’re exploring new Section 8 markets. I’ve been investing there since 2019, and there’s a lot going for it—especially in terms of affordable properties and a strong rental demand.

You can still find single-family homes under $100k that cash flow well. Plus, Detroit’s Section 8 program has been really solid from my experience, with a stable tenant base and reliable payment structure.

Another thing to consider is the city’s growth trajectory. Detroit’s population is officially on the rise again, and there’s significant revitalization happening in many neighborhoods. Morningside, East English Village, and the Bagley area, for instance, have all seen positive trends, both in terms of appreciation and rental demand. While these aren't areas I'd be investing in today, there are plenty of up-and-coming pockets in Detroit.

It’s also not a market that’s overly saturated yet—you can find opportunities where you can scale by picking up multiple units in similar areas without running into huge competition.

If you’re looking for somewhere with potential to expand into a few neighborhoods without the “three homes and done” situation, Detroit could be a solid choice. Shoot me a message if you want me to share some resources about the market there.

Hope that helps!

[Drew Sygit]

@Glenn Barlow we 2nd Detroit as an option.

Check out the Metro Detroit area and the 183 City of Detroit Neighborhoods on our site.

DM us if you'd like to explore more:)