Hottest Real Estate Markets in America: A Comprehensive Guide
Who doesn’t love the idea of buying a home that is affordable, comes with low maintenance costs, and has excellent potential for future value? However, with so many housing markets to choose from and a variety of factors influencing your decision, finding the perfect location can be a challenge. If you’re considering buying a home soon but aren’t sure which real estate market will offer the best return on your investment, this blog post is for you! From trusted sources like Zillow and Trulia to local real estate agents and even knowledgeable friends or family members who may have insight into the area. This guide will walk you through some of the hottest markets in America right now and provide information about what makes them great places to invest in real estate.
The Hottest Real Estate Markets in America Right Now
The hottest real estate markets in America right now are Denver, Colorado; Portland, Oregon; and Seattle, Washington. Denver is one of the fastest growing cities in the country and is a hotbed for technology startups. With an average yearly salary of $53,000 and a cost of living that is lower than the national average, it’s no wonder this city has been attracting so much attention as of late. The other two cities on our list share many of these same qualities making them attractive to prospective homeowners looking for a great return on their investment. Portland: – This city offers residents more square footage for less money than any other major U.S. city – Portland’s proximity to both the Pacific Ocean (to the west) and Mount Hood National Forest (to the east) offers beautiful scenery year-round Seattle: – The tech industry is booming here with Microsoft and Amazon having headquarters within city limits – Seattle is also home to the University of Washington which has some highly regarded engineering programs
Evergreen Colorado Real Estate Market
Colorado is one of the hottest real estate markets in America, and we’re not just talking about Denver. There’s something for everyone in the state, from big cities like Colorado Springs to small towns like Durango. In the past 10 years alone, Colorado has seen a population growth of 3 percent and a 5.6% increase in home prices. The state’s unemployment rate is also at a low 3.7%, less than half of the national average of 6%. The state’s economy is booming as well, with a 4% increase in jobs added over the last year. And while millennials are often stereotyped as being cash-poor and unable to invest in real estate, they make up 30% of Colorado’s population – one of the highest rates nationwide. Durango is an especially hot market for those who prefer to live outside major cities. Its unemployment rate is under 2%, its population growth is high (5%), and its median home prices are still affordable ($148,000). It also ranks highly on all other metrics including affordability, diversity and home value appreciation.>>>
Atlanta is a growing city, and as such, it’s also home to some of the hottest real estate markets in the country. Thanks to its booming population and diverse economy, Atlanta has been an attractive place for people to move. The city has a robust housing market with homes available across all price ranges. The overall cost of living is also lower than many other places in the United States.
Austin is a popular spot for new home buyers and the perfect place to own a home with low maintenance costs. Austin has a population of just over 2 million people, but is still affordable. One bedroom homes in Austin start at $200,000 and are expected to rise up to $229,000 in 2020. The average cost of living in Austin is 8% lower than the national average which makes it an attractive place for first time homebuyers looking for an affordable option. You can expect your monthly mortgage payment to be about $820 per month. Austin also has excellent potential for growth going forward which means that purchasing a property now could mean many years of additional equity growth later on.
Denver is a great place to invest in real estate. The city has seen a steady rise in home prices since the early 2000s, and it’s expected to continue increasing due to Denver’s thriving economy and low unemployment rates. Additionally, there are many cultural opportunities for families, including hiking trails and art galleries. Denver also has an established public school system with excellent schools like Hamilton Elementary, which averages grades of A+ on all reports.
Las Vegas, NV
Las Vegas, Nevada is one of the hottest real estate markets in America. To start with, Las Vegas offers some of the most affordable housing prices in the country. In fact, it’s ranked 1st on our list for this reason! What’s more is that many homes come with low maintenance costs, which saves you time and money while ensuring your property stays looking its best. The downside to living in Las Vegas is that it can be a dangerous place to live with high crime rates. However, if you’re careful and mindful of your surroundings there’s nothing to worry about. There are also tons of things to do here so you never run out of things to keep yourself busy. Bottom line? If you’re looking for an investment opportunity with a high return on investment but don’t want to break the bank, Las Vegas might just be your top pick!
Seattle is often at the top of lists for best cities to live in, and it’s not hard to see why. As a major seaport in the Pacific Northwest, Seattle is well positioned for growth as the tech industry continues to expand. Startups like Amazon have helped boost Seattle’s economy and made it one of America’s most desirable cities. Amazon is an online retailer that was founded in 1994. The company mainly sells books, home goods, clothes, electronics, DVDs and more. Amazon has become one of the largest companies in America and employs close to half a million people worldwide with plans to double their workforce by 2020. This means more jobs are opening up in Seattle and there are plenty of opportunities for those who want them. Seattle also offers some of the best outdoor activities in all of America with plenty of hiking trails that are perfect for avid hikers and nature lovers alike. If you’re looking for a place with lots of culture but still appreciates nature, Seattle is a great option!
Fort Myers Florida Real Estate Market
Fort Myers is ranked as the number 1 best real estate market in America, according to Zillow. The median home price in Fort Myers is $209,000 and the average listing time on the market is 66 days*. *The median home price for a single family detached home for all of Fort Myers was $159,900 in December 2016. This was up from $145,000 in December 2015. In December 2016, Fort Myers saw 2% growth year-over-year.
Naples Real Estate
Naples, Florida is a beautiful place to live and has a lot of things going for it. It’s nationally recognized as one of the top 10 places in America to retire. It has low living costs, affordable housing options, and there are plenty of entertainment options as well. Naples has also been ranked on various lists as one of the best places to live in the U.S., including “Top 100 Safest Cities in America” by Safewise and “Best Places for Families” by Forbes, who noted that it was an especially good place for families because it had great schools and high rates of home ownership. It’s an easy commute to Miami from Naples, which offers more employment opportunities and higher salaries than many other areas in Florida. Naples also offers boating and fishing, golfing at some of the most acclaimed courses in America, horseback riding on beaches that are rated among the world’s best, and biking trails along miles of waterways. There are so many exciting activities! The economy is growing rapidly too because tourism is one of the main industries here with over 10 million visitors annually!