The State of Missouri has an average real estate price of $226,950 with a population of over 6 million. Due to its lower property pricing median than other states, Missouri is a practical location for homebuyers, business owners, and investors who want to reduce upfront costs.
According to the U.S. Census Bureau, Missouri has a 67.5% homeownership rate, bringing more potential profitability for residential property investments. The Show-Me State also has leading industries, such as manufacturing, agribusiness, and healthcare, offering commercial real estate opportunities, as well.
Kansas City is the largest and the second most populous city in Missouri. This metropolitan city is home to the NFL's Kansas City Chiefs, with its GEHA Field at Arrowhead attracting tourism and sports fans from all over the country. Vacation rental properties and local businesses can benefit from the heavy traffic in this area.
St. Louis is the most populous city in Missouri, with a wide range of real estate available. From Washington University's Danforth Campus bringing consistent demands for student rental housing to Boeing's headquarters, making it a high-tech hub of the Midwest, St Louis can diversify investment portfolios.
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