Is it better to own a rental property in a city with a population of 1 million as opposed to a smaller city with a population of 200,000?
Generally speaking, is it better to have a rental in a city with many people as opposed to a city with much less people?
Logic would suggest that in a more populous city, there would be more demand for properties. There would surely likely be more potential tennants in a larger city than there would be in a much smaller city.
- Casey YLv 76 months ago
Both have pros and cons.
- PearlLv 76 months ago
thats up to the person what they want to do
- Anonymous6 months ago
It is better to own rental property in a city where there are plenty of jobs.
- A.J.Lv 76 months ago
There is really no direct relationship. The cost to purchase and finance and maintain and manage, the property appreciation over time, and the supply-demand and local rental pricing all have factors in this. Besides which how do you define "city" because small cities can be suburbs in a megalopolis or isolated.