#004: How to Find the Metro Statistical Area (MSA) of Your Real Estate Market(s).

When it comes to performing due diligence on a mobile home park, or performing due diligence on a new property of any kind, one important factor that often gets overlooked is the real estate market research. When it comes analyzing a real estate market, most investors base their research off of the MSA or Metro Statistical Area which is determined using a specific process. If you are investing in affordable housing, such as mobile home parks or multifamily apartments, there are some basic metrics you want to aim for when it comes to population, home values, rent prices, and more.

In this video we show you how to find the Metro Statistical Area or MSA of a city, town, or real estate market. Additionally, what metrics to look for when performing real estate market analysis, and how to apply a grading system to prioritize you MSAs to determine the best real estate investing markets based on your criteria.

This knowledge is crucial for investors who look to buy properties in multiple cities, states, or markets and need to perform due diligence on the demographics, economics, and demand for jobs and housing. Our Ideal Market Criteria (as described in video) is as follows:

  • Population of 100k+

  • Median Home Value of $100k+

  • Median Rent of $1k+

  • Growing Population

  • Annual Appreciation of 1%+

  • Below U.S average for Crime (property and violent)

  • Unemployment 5% or lower

  • Recent Job Growth 1%+

  • Future Job Growth 30%+

Tutorialalex donnolo