Sell Your Property in

Salem, Corvallis, & Albany

Albany is an administrative center of Linn County. It is the 11th largest city within the state of Oregon. Albany is located in the beautiful Willamette Valley, right where the Calapooia and Willamette river meet. Albany is a city that should be viewed as prospective investors or residents as “up and coming” because of several things that the city has going for it. 

 

Salem, the capital of Oregon, has a strong economic backdrop which makes the area great for real estate investment for the foreseeable future. The area provides a number of private and public sector employment opportunities so that incoming residents can easily find jobs to support their living expenses.

Why Albany is Attractive for Real Estate Investors

Real Estate investors should continue to flock to Albany for opportunity within a state that has a very successful housing market. Here are some reasons we believe the city provides a unique opportunity for investors who are interested in purchasing an apartment.

Rent Rates are Rising Fast
The apartment rents in Albany have risen over 4% over the past three years. This number is higher than that of the national average, which gives credence to the fact that Albany is an up-and-coming area for those who own property there.

Attractive Long Term Investment
The real estate market in Albany indicates an outstanding long-term investment opportunity. The real estate market will reward those who seek to purchase apartments in the city now with a substantial long-term investment gain.

Salem's Strong Economis Backdrop

Salem, the capital of Oregon, has a strong economic backdrop which makes the area great for real estate investment for the foreseeable future. The area provides a number of private and public sector employment opportunities so that incoming residents can easily find jobs to support their living expenses.

Since Salem is the capital of Oregon, there are a number of government jobs that residents are employed to. This provides stable income and employment due to the nature of government jobs. having a good amount of public sector employment in relation to government also gives the area some resistance to a recessionary environment.

One of the world’s largest companies Amazon recently opened a 1 million-square-foot Distribution Center nearby, which speaks to the strength of the areas private sector. Not only does this provide 1000 full-time jobs currently, but if the demand for this distribution center picks up in the future they may require more employees. Factors such as these bolster the strong economic backdrop in the state.

Appeal for Tenants in Albany, Oregon

There are many aspects of living in Albany that are great for people who seek apartments in the area. Here are some reasons your tenants will love living in the area, and new residents who seek to rent will continue to arrive.

Education and Health Services Opportunities
In Albany, education and health services are major employers. This means that it will aid residents in finding employment if they are seeking jobs within those sectors.

Convenient Location
Albany is conveniently located on the I5 interstate, which allows locals easy transportation. This means that commutes to nearby towns like Salem and Eugene are a lot easier. This is an attractive selling point to tenants who are considering living in Albany.

Lower Cost of Living
The cost of living in Albany is 0.9% less than the national average of the United States. Tenants often chose to live in Albany because it is cheaper than other popular areas in Oregon, but you can still easily access other popular hubs within the state from Albany.

Salem's Strong Pool of Renters

 

Owning a home in Salem, Oregon can prove to be expensive. While this can deter low-income people from the area, it also continues to keep a large number of people renting properties, which is great for real estate investors.

One thing to note is that renting an apartment in Salem is not necessarily cheap either. This isn’t a huge worry for apartment owners in the area though, because the high cost of living expenses is supported by a strong economic backdrop. So let’s explore the economic situation a little bit more in-depth.

Why We Love this Area

The low vacancy rates that real estate investors enjoy in Salem provide apartment owners With the leverage to charge higher rent rates. This ultimately makes for a better return on investment and makes Salem a prime spot to invest in an apartment building.

The location isn’t just great for apartment building owners either, it also provides residents with plenty of benefits as well. Some of these benefits include a strong job market, a number of recreational activities, and a beautiful landscape to enjoy.

Oregon is a state that has many competitive real estate markets within it. Albany provides an opportunity for long-term real estate investors because the rent rates are steadily growing in the city.

Transportation to major hubs around Albany is easy due to the i5 interstate. The cost of living is lower relative to other popular spots in Oregon, which makes Albany a competitive real estate market. 

if you are interested in investing in real estate, now is the perfect time to look into apartments in the Albany area. Long-term investors will be rewarded well this area continues to grow.

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