When looking for a real estate investment opportunity, you have to make sure that you are hitting the bull`s eye. There are so many options out there that, if you are not careful, you may end up chasing a false lead.
That is why we have compiled a list of the country’s top five most wanted cities. Each city on this list offers investors a unique set of benefits. So whether you’re looking for strong rental returns or capital growth potential, you are bound to find out what you’re looking for in one of these cities.
1. Tampa, Florida – A Sunny Attraction
Florida is a resounding name for those looking for a carefree living close to the ocean, who want to have the perfect tan all day and enjoy what life has to offer best. And for many people, Tampa is the solution for this request. The city has seen an impressive revival in the last couple of years.
One of the sunniest weather in the country and the shamelessly low taxes make Tampa one of the latest hotspots in real estate to date. This city has become one of the most sought cities in the country because of its affordable housing market. As a result, the wave of people who flee to Tampa, Florida, is on the rise, and there are no signs showing it will halt anytime soon.
2. San Diego, California – The Paradise on Earth
San Diego has become the paradise on earth for many real estate investors. It is one of the most sought-after cities in the country that offers exclusive deals and a new emerging market of eager renters and buyers.
In real estate circles, it is known that San Diego is one of those big fishes that you can never let go once caught. The location, situated in the heart of a stupidly good climate and surrounded by many historical and present-day attractions, makes this city to be worthwhile for investment.
The public transport and the burgeoning job market make this city to be placed on the top list of priorities for many people looking to flee to a new life. As a result, there are many people setting their sights on San Diego and its surrounding areas.
3. Detroit, Michigan – Unrestrained Growth
As one of the most up-and-coming cities in the Midwest, Detroit is a great place to invest in real estate. The city has recently experienced a resurgence, and its real estate market mirrors it. As a result, Detroit is a great choice, especially if you want strong rental returns.
The average rent for a one-bedroom apartment in Detroit is $1.075 per month, and the vacancy rate is only around five percent. That means that there’s high demand for rental properties in the city. And with prices still relatively low compared to other markets, now is a great time to invest in Detroit real estate. It is the chance that you can not get as often in this hot economy.
What’s more, Detroit offers investors some of the best capital growth potentials in the country. In addition, home prices in the city have been rising steadily, and they are expected to continue to do so in the coming years. Moreover, there is no sign that it will stop its growth. As a result, Detroit is worth considering if you’re looking for a real estate market with strong potential for appreciation.
4. Houston, Texas – Millennials` Favourite
Houston, Texas, is another city that offers great opportunities for real estate investors. The average rent for an apartment in Houston is $1.263 per month. But, of course, there are fluctuations in the price because there are many variables to be considered in a real estate market evaluation.
Houston has been a favorite among many millennials who have started looking around to put roots in this city. It is a youthful city with much potential and has seen a spectacular economic increase in the last couple of years. What’s more, Houston offers investors some of the best capital growth potentials in the country.
5. Atlanta, Georgia – The Investment Heaven
Atlanta is another city that provides great opportunities. The real estate market in Atlanta has been growing rapidly in recent years.
A one-bedroom apartment in Atlanta rents an average of $950 per month, and the vacancy rate is only around four percent.
And with prices still relatively low compared to other markets, now is a great time to invest in Atlanta real estate. Atlanta is worth considering if you’re looking for a real estate investment community, check out ConnectedInvestors.
6. Phoneix, Arizona – The Dry Paradise
Phoneix is on the top list of the most wanted cities for weather and prices. As a result, more and more millennials have moved into this “dry paradise.”
If you want to invest in this city, make sure that a real estate agent aids you. Their input will be invaluable when it comes to such a sought-after location. But, again, it is best to have someone who knows their way around this hot market.
7. Austin, Texas – The Most Wanted City
Austin has been one of the world’s most wanted when it comes to buying or renting. It has been one of the hottest cities in the real estate market for the past two years! It has shown incredible growth that has taken the entire country by surprise.
Investors with a trained eye were keen to rapidly spot Austin`s real estate potential and heavily invested in it. The results show that the demand for housing in Austin is not slowing down anytime soon.
These are just a few of the many cities in the US that offer real estate investors great opportunities. These cities are worth considering if you’re looking for a real estate market with strong potential for appreciation.
The last couple of years has been fruitful for those deep in the real estate investment pipeline. So make your breakthrough and set your eyes on one of these cities in order to make the deal of a lifetime. So what are you waiting for? Start your search today.