Should You Buy a Rental Property in an Expensive ZIP Code?
2021 saw double the number of ZIP codes with a median sales price above $3 million than in 2020. As real estate prices continue to rise, investors wonder if targeting more expensive areas is worth the reward.
Generally speaking, expensive real estate results in higher rents, but that doesn't always equate to higher returns for real estate investors. Here's a look at some of the most expensive areas in the country and how these expensive ZIP codes stand up as a rental investment.
California typically holds the title of most expensive real estate in the United States, with 38 out of the top 50 most expensive ZIP codes falling within its borders. New York ranks second, holding nine of the 50 ZIP codes. That leaves the other 13 ZIP codes scattered across the country, including several places like Medina in Washington state; Gibson Island in Maryland; and Boston.
Source Fool.com
