It's no secret that real estate is a worthwhile investment. The only downside to the industry is how rapidly the housing market can swap from one trend to another.
Right off the bat, we're here to tell you that Brentwood real estate is the right way forward in 2023.
Brentwood's lavish setting is home to around 68,135 inhabitants. The population continues to rise and has grown by 5.98% since 2020.
Landlords and real estate agents agree that Brentwood, CA, is hot in the property market.
Read on to uncover why experts believe it's a gem of California real estate this year!
Transportation Hub
Brentwood, CA, is a picturesque yet practical city. Its location and transportation options make it an attractive spot for newcomers.
As a result, many locals live here for an extended period and don't look to move away from the city.
The city sits between Sacramento and San Francisco. Commuters can comfortably reach their destination in under 1.5 hours. State Route 4 and Interstate 5 are nearby, which gives drivers easy access to the rest of the state.
Tri Delta Transit provides a bus route to Pittsburgh/Bay for public transport users. BART is a high-speed rail service that connects the west of California.
High-End Real Estate
The median listing price is above the national average at 850,000 USD. However, the median value of each property is higher at 936,700 USD.
Not only can you create a higher income from high-end real estate, but you'll see your property grow in value.
Whether you are a veteran or a rookie in the industry, you should know that location is vital. Since homes here are in such an affluent area, you never have to worry about your property dropping in value.
Growing Demand
The California Bay Area has been home to some of the most sought-after cities for over a decade. According to U.S. Census Bureau stats, Brentwood's population increased by 25% during this period. That makes it the second highest from 2010 to 2020.
Due to high rental income, the scenery, and other factors on this list, the numbers show no signs of slowing down.
When you buy a property in Brentwood, you don't have to worry about it being vacant during the year.
Safety
Safety is always a crucial factor to consider for landlords and tenants. The low value of properties and the likelihood of property damage increases the risk for landlords. On the other hand, there won't be as much demand from tenants as in a safe neighborhood.
Fortunately, Brentwood is lower than the U.S. city average. And experts rank the city highly in property damages.
The safety and security here are crucial ways the region attracts many families.
Invest in Brentwood Real Estate Today
Real estate gives you a passive income and offers long-term security. The only downside to the industry is discovering the best location to invest your cash.
After reading our guide, you learned the key reasons to invest in Brentwood real estate in 2023.
Since the property market can change quickly, contact us today. We will help you find the perfect property within your budget before someone else snaps it up!
