Top Rental Investment Cities in the Pacific Northwest

The Pacific Northwest region offers a quality of life that is unmatchable in the rest of the United States, due to its abundance of natural wonders. Once a backwoods of timber and industry towns, the area is now attracting people from all over the world who are health conscious and want to pursue an "outdoor lifestyle". For those looking to buy rental properties in the Pacific Northwest, there are an incredible variety of places where prices are still low but the outlook remains strong, but these top three cities are the best of the bunch.

Spokane, Washington
While Seattle hit its peak a decade ago, Washington's second largest city has been slow to catch up, which is good news for investors looking for property deals in the Northwest regions most populous state. More good news is that Spokane has many features that will be attracting new residents in the year to come, including the new public medical school hosted by Western Washington State University which will attract both students and professionals to the city. Very close to the Cascade ranges, Spokane offers the opportunity to live in a big city, enjoy the kind of active life that the Pacific Northwest is known for and be able to afford a spacious home or apartment. Potential investors will find that Spokane also offers a wide variety of both historic housing stock and brand new developments, both with prices that are very attractive.

Boise, Idaho
The third most populous city in the Pacific Northwest region, after Seattle and Portland, the capital of Idaho has much to offer those looking for good returns on rental investments. First of all, Boise has a semi-arid dry climate, which means it gets considerably more sun and less rain than the other two aforementioned cities.It is also quite a bit cheaper, even close in historic neighborhoods like the North End have houses and apartment buildings that are very affordable, especially when compared with the other major cities of the area. Boise has also been attracting technology companies in the last decade or so, and companies like Hewlett-Packard and Microsoft have bases here now. Like most other cities in the Pacific Northwest, Boise is also well located for enjoying the great outdoors, with foothills of Rocky Mountains beginning just on the eastern outskirts of the city. Finally, Boise is considered one of the safest cities in America, a feature that will continue to draw everyone from families to retirees to the area for years to come.

Missoula, Montana
One of the most sparsely populated states in the country, Montana is the Pacific Northwest's verdant backyard, a place where grizzly bears roam wild along the continental divide and cowboys still ride along the eastern plains. But for anyone visiting the town of Missoula, the most impressive thing is how much culture a town of 100,000 can have. Home of the University of Montana, Missoula attracts students not just from all over Montana but all over the country, as the quality of life here is hard to find. From art galleries to baseball games, summer music festivals in the great outdoors to an indie rock scene that keeps the winter pumping, Missoula offers many of the benefits of larger city living in a pristine natural setting. For those looking for rental property investments, Missoula couldn't be any better: low property prices, high rental demand and every indicator pointing towards a brighter future for the town all combine to create a win-win situation.

POSTED May 01 2015 8:35 AM

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