Best investor markets of 2012 revealed

HousingPredictor.com recently listed the top five cities for its Best Investor Markets for 2012 report, which revealed Kansas to be a great place to invest.

Kansas may be a surprise to some because of its generally lackluster housing sector. The state's home sales rose 2.6 percent in December 2011 compared with December 2010, according to new figures released by the Kansas Association of Realtors.

"Kansas is forecast to do very well because of higher crop prices," Colpitts said to MainStreet. "The state has not done so well historically in terms of real estate values, [but] it is projected to do much better than most other places now because of better employment levels and a lower cost of living."

Colpitts added that prices are down and still dropping in most areas of the country, and the areas in the United States that would be good to invest in are limited.

Miami was voted No. 1 on the list ahead of Kansas City and Topeka, Kansas. Charleston, West Virginia, was voted No. 4 and Wichita, Kansas No. 5.

With three of the top five markets being located in Kansas, those looking to purchase a home might consider moving out of state to save money by moving to the state.