New York County ranked as state's best for investing in real estate

SmartAsset released its second annual list of the best counties for real estate investment measuring local business growth, GDP growth and more
  • For the second year in a row, Williams in North Dakota was ranked as the top county in the nation for real estate investment by SmartAsset.
  • New York County, Kings County and Queens County ranked as the top three best places for real estate investors to sink their money.
  • Kings County had the largest business growth of 9.8 percent in the top 10 counties reported in the state.

Investing in real estate can have big rewards, but also big risks. When calculating the next place to look for an investment property or aiding a client in the hunt, it’s important to consider local economic conditions like business growth, new building permits and gross domestic product (GDP) growth.