After saving for those, I also transfer a percentage of profit each month into our household checking account to spend on family stuff, kids, etc.

Typically I'm only going to consider areas where crime isn't too bad and median household income is at least flat, but never neighborhoods where it's going down (unless we are talking neighborhoods with median HH income over 60k or so). 

The median household income in the area is about $100k and median home price is about $450k.

So after two winters and two grumpy households, I replaced the boiler again and everything has been working fine.I also invented some new cuss words during the process.

Financial obligations (bank payments + rent) as a percentage of disposable income is at a 40-year low.The average household wealth of the bottom 50% of households is at a historic high...there is no comparable period whatsoever.If you back out real estate gains, net worth is over 100% higher than pre-pandemic levels for the bottom 50% of households.Bank deposit balances of the the bottom 50% are $10,000+ and $3,000 above pre-pandemic levels, and kept increasing in 4Q21 after 3 quarters of increasing inflation and lower fiscal support payments.Nominal wage growth for the lowest income quartile is growing at the same pace as inflation (most important stat on the page).2020 had large gains in real wage growth; so, even though real wage growth is severely negative for the past year, the 2-year trend is break even.If real wage growth is -1%, it would take ~6 years to burn off the excess savings of the average bottom 50% of households.

High crime, good school district, average household income, appreciation etc...

Things I thought about: (1) The best real estate investors will invest in areas where demand is growing, not just in what is geographically close.(2) Price-to-rent ratio(3) Insurance and taxes(4) Rental demand and vacancyAdditional Market Analysis:(5) Population(6) Median Household Income(7) Median House Value(8) Crime Levels(9) Employment(10) Ethnic MixBased on my analysis I am considering the following locations: -Noblesville -Plainfield -Zionsville -Saint JohnThoughts?

They find themselves ordered to another base and now they are trying to sustain and maintain two geographically separated households/properties.  

We generally convert our data to a series of indices or percentile rankings relative to the MSA we are analyzing (or to the country as a whole if we are looking more broadly for promising markets) so we can identify which markets and submarkets are most compelling on a relative basis.We've found that the following market variables (at census tract level granularity) are most able to explain investment potential:- Crime index- Education index- Unemployment rate- Cost of Living index- Household Income- Median Age- Population Density- Median Home Value- Educational Attainment- Percent Owners vs Renters- Percent Workers vs Residents- WalkScore- TransitScore- Sound Level (noise pollution)- 1,3 and 5 year Rent Growth- Derivative of 1,3 and 5 year Rent Growth- Monthly Rent Volatility- Distribution of unit sizes in the market- Percentage of 0,1,2,3,4 beds in the market- Skewness of Household income- Number of Negative Externalities (e.g. garbage dump, firestation, prison, train tracks, highway) - We typically use this more for comparison of properties within a few blocks in the same submarket, but if there are a ton of them it is influential at the submarket levelHopefully this helps.

We are aware that any increase in household expenses, however minor, can have a financial effect.