Investing

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.

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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. SmartAsset recently released its second annual list of the top counties for real estate investment based on the investment in the local community, measuring growth conditions for four specific components, all of which were measured equally and combined to find the final ranking of cities. The final ranking is the Incoming Investment Index, and the county with the largest gain of investment received a 100. The county with the lowest amount of incoming investment had an index of 0. For the second year in a row, Williams in North Dakota ranked as the top county in the country for investment. The community saw a 37.7 percent growth in businesses since 2015, $664 million in GDP growth...