The Top Zip Codes for Investment Properties in Your Area [2020 4th Quarter]

The numbers are out! In the last quarter of 2020, thousands of investment properties were added to MyHouseDeals throughout the US.  This report provides data about which market areas and deal types are available for profitable investing.

In 2020,  a new investment property deal type called Motivated MLS was added to MyHouseDeals.com. Motivated MLS deals are houses for sale on the multiple listing service (MLS) that are best suited for real estate investors. These houses are handpicked for MyHouseDeals due to their profit and negotiation potential.

Below we break out the four different deal types on our website: wholesale deals, investor-ready foreclosures, motivated seller deals, and motivated MLS deals. You’ll see graphs showing the percentage of each deal type along with which states and cities contain the most investment properties.

Then, we list the cities and zip codes with the greatest number of deals, followed by the average ARV for each state. Check out the maps to see which areas are hot right now for bargain properties. To view the summarized report containing the top 5 zip codes for each market area, go here. 

If you do your own marketing to find potential investment properties, target properties in these zip codes since they are more likely to have motivated sellers and/or properties needing repair. Both of these conditions can lead to greater discounts and profits for investors like you. 

Keep reading for these breakdowns of hot investment areas so you can make 2021 your year for real estate investing.

The Big Picture:

There are too many markets to list, so here is a breakdown of where these deals can be found by state (click to expand).

Here is a percentage breakdown of the types of properties added to the site during the fourth quarter of 2020 (click to expand).

Note that the percentage of Investor-ready Foreclosures decreased significantly compared to last year. In Q4 2019, Investor-ready foreclosure made up nearly 60% of the deals, whereas in Q4 2020 they only made up 18.4% of the deals. This is largely due to the foreclosure moratoriums instituted in response to the COVID-19 pandemic.

If you want to view a specific type of property deal, select only the property types you want to see in your search parameters (click to expand).  

The top 5 market areas for investment property deals include:

1. South Florida
2. Dallas/Forth-Worth
3. Washington DC
4. Atlanta
5. Houston

Here is the exact number of deals per market area:

Deal Activity per Market Area:

These maps are a little more interesting! You can see the HOT areas (and the not so hot areas) for investment properties in each city. These are our top 20 markets (in order from the greatest amount of deals to least)!

Looking for a specific market? Click on the links below to jump directly to your area.

 

#1 South Florida

Top 5 Zip Codes for Deals in South Florida Area:

#2 Dallas/Fort-Worth

Top 5 Zip Codes for Deals in Dallas/Fort-Worth, TX:

#3 Washington, D.C.

Top 5 Zip Codes for Deals in Washington, D.C.:

#4 Atlanta

Top 5 Zip Codes for Deals in Atlanta, GA:

#5 Houston

Top 5 Zip Codes for Deals in Houston, TX:

#6 Tampa Bay

Top 5 Zip Codes for Deals in Tampa Bay, FL:

#7 Orlando-Daytona Beach-Melbourne

Top 5 Zip Codes for Deals in Orlando-Daytona Beach-Melbourne, FL:

#8 Los Angeles

Top 5 Zip Codes for Deals in Los Angeles, CA:

#9 Central Texas

Top 5 Zip Codes for Deals in Central Texas:

#10 Raleigh-Durham

Top 5 Zip Codes for Deals in Raleigh-Durham, NC:

#11 Chicago

Top 5 Zip Codes for Deals in Chicago, IL:

#12 NYC/Tri-State

Top 5 Zip Codes for Deals in the NYC/Tri-State Area:

#13 Sacramento-Stockton-Modesto

Top 5 Zip Codes for Deals in Sacramento-Stockton-Modesto, CA:

#14 Bay Area

Top 5 Zip Codes for Deals in Bay Area, CA:

#15 Jacksonville & Brunswick

Top 5 Zip Codes for Deals in Jacksonville & Brunswick, FL:

#16 Nashville

Top 5 Zip Codes for Deals in Nashville, TN:

#17 Philadelphia

Top 5 Zip Codes for Deals in Philadelphia, PA:

#18 Birmingham

Top 5 Zip Codes for Deals in Birmingham, AL:

#19 Sherman-TX & Ada-OK

Top 5 Zip Codes for Deals in Sherman-TX & Ada-OK:

#20 Beaumont & Port Arthur

Top 5 Zip Codes for Deals in Beaumont & Port Arthur, TX:

Average ARV per Market Area

Lastly, the average ARV for these 20 top market areas is summarized below:

Are you surprised by the zip codes on this list? Share your thoughts below…

To view a summarized report containing the top 5 zip codes for wholesale investment properties in each market area, visit this page.