Columbia, Missouri's economy isn't solely reliant on just one industry. The presence of the University of Missouri, as well Boone Hospital Center, Mizzou, and Shelter Insurance, foster a diversified job market. This stability attracts residents and keeps rental occupancy rates high, often exceeding 94%.
Columbia also offers a high quality of life. Families are drawn to the city's excellent public schools, while the University of Missouri itself endows the city with a youthful energy and cultural landscape. Numerous parks, like Rock Bridge State Park, provide outdoor recreation, while The Museum of Art and Archeology Center cater to a variety of educational and creative interests.
The cherry on top for investors is Columbia's projected growth. The city's population is steadily increasing, which creates a consistent demand for housing. Plus, Missouri offers a relatively investor-friendly climate with lower property taxes compared to the national average. The combination of strong market fundamentals and potential for appreciation makes Columbia a promising city for real estate investment.