California's Secret Real Estate Markets Investors Crave
Why Investors Are Flocking to These Markets
One of the primary reasons investors are drawn to these hidden gems is the opportunity to secure properties at a lower cost compared to the state's more famous cities. For instance, cities like Fresno and Bakersfield offer real estate prices significantly below the state average, providing a more accessible entry point for new investors. According to Zillow, the median home price in Fresno is approximately $350,000, compared to over $1 million in San Francisco1.
Moreover, these markets are experiencing robust economic growth, driven by factors such as an influx of new businesses, population growth, and infrastructural developments. This economic activity not only boosts property values but also increases rental demand, offering investors the potential for strong rental income streams.