Why Invest in Anderson…
Anderson, Indiana has become one of the best markets for real estate investors. Prices are still low (which keeps net returns high) and future appreciation should be above average. Here’s why…
Indianapolis and its metropolitan area have experienced great growth over the past couple decades. The fastest growing suburbs of Indianapolis have been on the North side and include Carmel, Fishers, Westfield, Noblesville, and Pendleton. Four of these are in Hamilton County, which has consistently been among the fastest growing in the country. However, the Indianapolis metropolitan area continues to expand and the next town in the “Path of Progress” is Anderson. It is only a 45 minute drive from downtown Anderson to downtown Indianapolis…and much less if you are going to the northern edge of Indianapolis.
Several years ago, Anderson was really struggling after two of its largest factories closed. This is why the property values did not increase in Anderson as much the last 10 years as they increased in other cities. The city did a great job of attracting new businesses and revitalizing itself. It has been especially popular with international companies. As a result, there has been a continuous stream of announcements from companies adding jobs in Anderson (see below).
When you combine the property demand generated by Anderson’s revitalization with the extra demand because of the growth of Indianapolis suburbs, you can see why it is a great location for real estate investing. This suburb has extremely low prices of single family homes and they are in position for above average appreciation.
–January 2020: Nestle announced investment of $200 million to expand their Anderson plant and add jobs
–January 2020: Sirmax announced $17 investment to expand their recycling facility and add jobs
–January 2020: Italpollina invested another $6.8 and added new jobs next door to the 38 employees they have at the Purdue Polytechnic Institute in Anderson.
–January 2020: Precision Axle moved 198 jobs to Anderson in 2018 and just announced 100 more jobs
–February 2020: NTN Corp announced $58 Million expansion and 140 new jobs to the facility they opened in 2016
This is just a snapshot of announcements made during the first 45 days of 2020. Once COVID hit, other companies temporarily put expansion plans on hold, but we expect these great announcements to resume soon.
“When you combine the property demand generated by Anderson’s revitalization with the extra demand because of the growth of Indianapolis suburbs, you can see why it is a great location for real estate investing.”