Hawaii: Ocean Pointe
> Median household income: $114,801 (state: $78,084)
> Poverty rate: 4.2% (state: 9.9%)
> Median home value: $629,800 (state: $587,700)
> Population: 14,037
Ocean Pointe is a Census-designated place on the island of Oahu within commuting distance of Honolulu. The median annual household income in Ocean Pointe is $114,801, more than in any other small city or town in Hawaii.
The town’s widespread prosperity suggests that Ocean Pointe is a desirable place to live. This is further evidenced by rapid population growth. Over the last five years, the number of people living Ocean Pointe jumped by 44.0%.
Idaho: Dalton Gardens
> Median household income: $71,111 (state: $53,089)
> Poverty rate: 3.6% (state: 13.8%)
> Median home value: $364,600 (state: $192,300)
> Population: 2,765
Idaho’s median annual household income is just over $53,000, which is lower than the majority of states. Its richest municipality, Dalton Gardens, has a median household income of just over $71,000, which is lower than that of any other municipality on this list. Dalton Gardens is north of Coeur D’alene, Idaho, and across the border from Spokane, Washington, giving its residents access to two major population centers where they can find employment. The poverty rate in Dalton Gardens is 3.6%, a fraction of Idaho’s 13.8% poverty rate.
> Median household income: $180,541 (state: $63,575)
> Poverty rate: 1.2% (state: 13.1%)
> Median home value: $625,100 (state: $187,200)
> Population: 7,747
Inverness is a suburb located some 33 miles northwest of downtown Chicago in Cook County. The typical Inverness household earns $180,541 a year, nearly three times the median household income of $63,575 across Illinois as a whole and the most of any small city or town in the state.
Built with one-acre plot minimums for most of its history, the Inverness housing stock is among the most expensive in the country. The typical home is worth $625,100, more than three times both the state median home value of $187,200 and the national value of $204,900.
Indiana: Hidden Valley
> Median household income: $106,285 (state: $54,325)
> Poverty rate: 3.7% (state: 14.1%)
> Median home value: $196,800 (state: $135,400)
> Population: 5,449
Hidden Valley is a private residential community on the eastern edge of Indiana, just across the Ohio border from Cincinnati. The town is centered by Hidden Valley Lake. The median home value in Hidden Valley is $196,800, more than $60,000 higher than the median home value in Indiana as a whole.
> Median household income: $129,081 (state: $58,580)
> Poverty rate: 0.7% (state: 11.7%)
> Median home value: $301,700 (state: $142,300)
> Population: 3,414
Less than 1% of people in Robins, Iowa, live below the poverty line, and more than 22% of households in the town earn more than $200,000 annually. With over 55% of residents 25 and older holding at least a bachelor’s degree, Robins one of Iowa’s most highly educated towns with residents qualified for the many high-paying jobs available nearby in places like Cedar Rapids. The three largest employers in Linn County, where Robins is located, are in the aerospace, insurance, and health care fields, all of which can pay relatively high salaries.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.