PROPERTY MANAGEMENT BLOG

Why You Should Invest in Residential Real Estate in Columbia

System - Tuesday, January 31, 2017
If you’re wondering why you should buy rental real estate in the Columbia market, we have a couple of reasons that we’re sharing with potential Columbia owners today. 

Stable Market

 

Low Costs

 
The cost of housing is relatively low. When you look at how much you would have to spend to buy a piece of real estate and what you could rent it for, the cap rate and the numbers you can receive on that investment are generally better than the rest of the nation, especially when you look at housing costs. In this market, the average home price is a lot lower than the national average. 

Growing Population

 
Our population is growing. In the middle of South Carolina, we are on pace to grow by almost six percent in the next five years. That will drive the demand and the need that Columbia tenants have for rental housing. 

Increasing Rents 


Rents are increasing. With the influx of Columbia renters in the market and our inventory not as deep as we would like on the rental side, we can increase rent. Apartment complexes and property management companies are seeing a three to five percent increase annually on rent prices. That turns into a better return for you. 

Hopefully, you can see why Columbia is a great market to invest in. If you have any questions, please contact us at Turner Properties. We’d be happy to tell you everything we can about our Columbia property management services.