Kansas City is a vibrant and growing city with a diverse economy and a strong real estate market. The city is home to several neighborhoods that are ideal for real estate investing.
Here are some of the best neighborhoods in Kansas City for real estate investing:
- Plaza Westport: This upscale neighborhood is located in the heart of Kansas City and is known for its shopping, dining, and entertainment options. Plaza Westport is a popular choice for young professionals and retirees, thanks to its convenient location and amenities. Investors who purchase properties in Plaza Westport can expect to see strong rental demand and appreciation potential.
- North Kansas City: This neighborhood is located just north of downtown Kansas City and is undergoing a revitalization. New businesses and restaurants are opening up all the time, and the area is becoming increasingly popular with young professionals and families. Investors who purchase properties in North Kansas City can expect to see strong rental demand and appreciation potential.
- Midtown: This historic neighborhood is located in the heart of Kansas City and is known for its diverse mix of housing options, including single-family homes, condos, and apartments. Midtown is a popular choice for young professionals and students, thanks to its proximity to downtown and KU Medical Center. Investors who purchase properties in Midtown can expect to see strong rental demand and appreciation potential.
- Brookside: This charming neighborhood is located in southwest Kansas City and is known for its tree-lined streets and eclectic mix of shops and restaurants. Brookside is a popular choice for families and young professionals, thanks to its safe and walkable environment. Investors who purchase properties in Brookside can expect to see robust rental demand and appreciation potential.
- Shoal Creek Valley: This affluent neighborhood is located northeast of downtown Kansas City and is known for its large homes and upscale amenities. Shoal Creek Valley is a popular choice for families and retirees, thanks to its excellent schools and safe environment. Investors who purchase properties in Shoal Creek Valley can expect to see strong appreciation potential.
Why invest in these neighborhoods?
There are many reasons why these neighborhoods are ideal for real estate investing:
- Strong demand for housing: All of these neighborhoods have a strong demand for housing, thanks to their convenient locations, amenities, and diverse residents. This demand for housing translates into strong rental demand and appreciation potential for investors.
- Affordable property values: While these neighborhoods are all desirable places to live, they also have relatively affordable property values compared to other major cities. This makes them attractive to investors who are looking for good investment opportunities.
- Improving infrastructure: The city of Kansas City is investing heavily in improving its infrastructure, which is benefiting all of these neighborhoods. This includes investments in roads, public transportation, and parks. The improved infrastructure will make these neighborhoods even more attractive to residents and investors alike.
- Upcoming development projects: There are some upcoming development projects in these neighborhoods, which will further boost their desirability and value. For example, there is a new streetcar line being built that will connect the Plaza Westport and Midtown neighborhoods. There is also a new mixed-use development being built in North Kansas City.
How to invest in these neighborhoods
There are a few things that investors can do to increase their chances of success when investing in these neighborhoods:
- Do your research: Before you invest in any property, it is important to do your research and understand the neighborhood. This includes understanding the demographics, the demand for housing, and the future development plans.
- Invest in well-maintained properties: Investors should focus on investing in properties that are well-maintained and in good condition. This will make the properties more attractive to renters and buyers.
- Consider investing in multifamily properties: Multifamily properties can provide more rental income and appreciation potential than single-family homes.
- Work with a real estate agent specializing in investing: A real estate agent specializing in investing can help you find the right properties and negotiate the best deals.
Conclusion
The neighborhoods listed above are all ideal for real estate investing in Kansas City. They offer strong demand for housing, affordable property values, improving infrastructure, and upcoming development projects. By following the tips above, investors can increase their chances of success when investing in these neighborhoods.
Sources
- Kansas City Real Estate Market Report: https://www.zillow.com/kansas-city-mo/home-values/
- Up and Coming Neighborhoods in Kansas City for Real Estate Investing: https://www.biggerpockets.com/forums/48/topics/878187-up-and-coming-neighborhoods-in-kansas-city