Are you curious about where to buy your next apartment building? Take a look at this list that was compiled from Safeguard Financial’s blog – some of the locations and statistic are a quite surprising (eg Stockton at 16.7% unemployment!?!). What other real estate markets should be included on this list? What will property management companies in these areas need to do to ramp up for the influx of business? _Trevor
#10: Fort Lauderdale, Florida
Average Listing Price: $228,000
Unemployment: 8.2% (June 2011)
Median household income: $33,912
#9: Boston, Massachusetts
Average Listing Price: $498,000
Unemployment: 7.1% (June 2011)
Median household income: $33,889
#8: Bakersfield, California
Average Listing Price: $183,500
Unemployment: 11.7% (May 2011)
Median household income: $21,496
#7: Orlando Metro, Florida
Average Listing Price: $159,000
Unemployment: 10.8% (June 2011)
Median household income: $35,732
#6: Oklahoma City, Oklahoma
Average Listing Price: $137,000
Unemployment: 5.3% (June 2011)
Median household income: $34,945
#5: Rochester Metro, New York
Average Listing Price: $78,000
Unemployment: 8.4% (June 2011)
Median household income: $27,123
#4: Indianapolis, Indiana
Average Listing Price: $61,000
Unemployment: 8.2% (April 2011)
Median household income: $23,049
#3: Stockton, California
Average Listing Price: $123,000
Unemployment: 16.7% (June 2011)
Median household income: $45,730
#2: Las Vegas, Nevada
Average Listing Price: $374,000
Unemployment: 13.8% (June 2011)
Median household income: $53,000
#1: Phoenix, Arizona
Average Listing Price: $123,500
Unemployment: 9% (June 2011)
Median household income: $22,209