CT Metro Area Among Top Real Estate Markets For Investors, Study Says

CONNECTICUT — New Haven-Milford was ranked No. 7 in the country in a list of the best spots for real estate investors, according to Realtor.com.

"Amid rising home prices and mortgage rates, savvy real estate investors can still find hidden gems in affordable metros across the country," Realtor.com wrote.

The ranking are "showcasing opportunities for would-be investors in less obvious but highly promising markets, with the spotlight shining brightly on the Midwest and Northeast regions."

The New Haven-Milford market stood out with 2.6 times the number of average pageviews per property compared to the rest of the country. The median listing price was $408,000, up 7.8% since the same time last year.

Historically, the South and West have been popular regions for investors. However, "recent affordability challenges and rising inventories have shifted focus to the more stable, growth-ready markets in the Midwest and Northeast," according to Realtor.com.

The list comprises areas that are affordable with low vacancy rates, rising rents, and sustained buyer demand.

Here's the full top 10:

1. Dayton, Ohio
2. Rochester, New York
3. Cleveland-Elyria, Ohio
4. Pittsburgh, Pennsylvania
5. Knoxville, Tennessee
6. Albany-Schenectady-Troy, New York
7. New Haven-Milford, Connecticut
8. Buffalo-Cheektowaga, New York
9. Grand Rapids-Kentwood, Michigan
10. Columbus, Ohio

Check out the full list and article at Realtor.com.