Layton, Utah, should be at the top of your list if you’re looking for a great place to invest in rental properties. Investors find that Layton is rising to be an ideal place to buy property, especially in the current market—but what makes this area so attractive to investors? Why do residents find it to be an ideally perfect place to live?
Read on to find out why you don’t want to miss out on this opportunity and how the right property managers can help maximize your investment and reach your goals.
Why Residents Come to Layton
The city of Layton is located in Davis County—about 20 minutes from Salt Lake City. It has been one of the fastest-growing cities in Utah and was ranked as the 6th best suburb to live in Utah by Niche.com.
The cost of living in Layton is very affordable, and there are plenty of job opportunities in the city. Residents enjoy shopping at Layton Hills Mall, the outdoors at Layton Commons Park, or taking a short drive to Salt Lake City for more entertainment options. The city is also home to various art galleries, the Layton City Library, and the Edward A. Kenley Centennial Amphitheater which hosts multiple events.
In terms of education, the school districts in this area are fantastic! Layton residents are served by the Davis School District. The district has been rated as one of the best in Utah. Northern Utah Academy for Engineering and Science was even ranked as the third-best high school in the state by U.S. News & World Report.
With all of the great things Layton has to offer, it’s no wonder that residents come here (and stay)!
Why Investors Find Success in Layton
For several reasons, investors find Layton to be a great place to buy rental properties.
The population growth in Layton is driving up the demand for housing, which is good news for investors. In addition, the vacancy rate in Layton is only about 1.4%, and the average rent is better than in the surrounding areas—an excellent opportunity for investors to buy a property and start earning rental income.
Layton is also an excellent place for investors because of the city’s proximity to Hill Air Force Base. The base is one of the largest employers in the state, and many of the employees are looking for places to rent nearby. This provides investors with a built-in pool of potential tenants.
Expand Your Portfolio With Reeder Asset Management
If you’re looking for a Layton, UT property management company to help you expand your portfolio, look no further than Reeder Asset Management! We have many years of experience in the industry, and we’re dedicated to helping our clients find success.
Our award-winning property management services include everything from marketing and screening tenants to helping investors find excellent properties and keep them well-maintained. We take care of the day-to-day tasks so that you can focus on growing your portfolio.
Contact us today to learn more about how we can help you capitalize on the investment opportunities in Layton, UT!
Contact us now to find out how we can help!