There’s been a lot of discussion of Opportunity Zone investment in the past two years. One firm took a look at the what counties offered the best investing conditions.
Yardi at its COMMERCIAL Café blog compiled a list of top counties for investment. The race for a relatively small pool of highly attractive opportunity zones will drive up the cost of entry into these markets and nudge investors towards less obvious contenders, that nevertheless have the potential to act as a robust investment.
By applying our methodology, a list of Top 20 counties for investment in OZs emerges, led by Travis County in Texas with a total of 66 points. While Texas prohibits local authorities from raising the minimum wage for private businesses, employees working in counties grouped around the Lone Star State’s great cities are clearly at an advantage.
The average weekly wage in Travis County is $1,226, the largest amount among the counties making up the Austin metropolitan area, and 31% more than the Texas average, at $938. The following gallery features the top 20 counties in COMMERCIALCafé’s analysis, along with some of the key metrics it used to determine the ranknigs.