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Updated almost 10 years ago,
Rental market in low cost-of-living areas.... a question
So I googled which areas in the U.S. provide the most bang for your buck in a house.
It seems that there are several areas of Georgia (for example) where you can get a 5 bedroom, 4 bath at a price that might buy a dated 3/2 where I live (Pittsburgh).
Yes, I checked out the neighborhoods of these houses as well and they are great! (20 miles outside of Atlanta, Savannah, etc.) so not in the middle of nowhere either.
Naturally I thought it'd be nice to look into an area where I could get twice as much house for my money, but was curious about the rental market there.
Fifty or 60 thousand dollars can get a very nice house there, so the cost of a mortgage would probably be cheaper than rent, whittling your market to those who don't intend on staying in the area long enough to warrant a mortgage, or who cannot get approved for a home loan, which can be perceived as a red flag as far a a tenant prospect goes.
Anyone on here have rentals in GA and can attest to the rental market there?