Top 10 Cities to Invest in Real Estate in 2021

When it comes to Top Cities for buying Real Estate, one gets a little confused. After All, the Real estate market can be tricky. 2020 has been a rough year for the entire world. Under such trying times, the Real Estate industry was expected to crash as people were busy saving their jobs and testing negative for Covid. However, research shows that A total of 5.64 million homes were sold in 2020, up 5.6% from 2019 in the US. Surprised? 

Yes, Existing home sales reached the highest level in 13 years. Thus without any doubt, we can concur that the Housing market is looking at a brighter and more competitive future.

If you’re considering investing in a home, here is a list of top cities that we have prioritized based on their real estate investment opportunities and they are fun places to live too:

Las Vegas, Nevada

In 2019, the Las Vegas real estate market was the hottest in the United States.

Las Vegas is the most populated city in the state of Nevada and the 28th-most populated city in the United States.

It is the leading financial, commercial, and cultural center for Nevada and also a 

no-state tax for individuals or corporations. A lack of other business-related taxes has bolstered economic growth in Las Vegas. You can buy a condo or a townhome for 200,000 dollars, and their prices have increased 11 percent since last year.

Buy Real Estate in Las Vegas

Orlando, Florida

Orlando is the fourth-largest city in Florida and the state's largest inland city.

It was ranked #2 In America’s Fastest-Growing Cities by Forbes.

The average value of a house is around $260,000 and is a great renter's market as the 

Its per month rent is $1,599. It is a great tourist attraction and an entertainment favorite city which makes it even better when it comes to real estate investment.

Find Real Estate for Sale in Orlando

Tampa, Florida

With a population of more than 4 million, Tampa, FL is an attractive metropolitan city and one of the most popular tourist destinations. An average home here costs around $250,000 and you can easily rent your home or apartment for $1,600.

Investors can buy properties at lower rates right now and rent them out to new residents of the city to improve their cash flows.

Find Real Estate for Sale in Tampa, Florida

Chicago, Illinois

Chicago is the third-largest metropolitan area in the U.S, with almost three million people living in Chicago and ten million residing in the surrounding metro area.

Chicago was ranked first in the 2018 Time Out City Life Index (Time Out Group).

With strong economic and job growth, Chicago is a great place for real estate investments.

Affordable Real Estate and Rising rent prices put this amazing city in the Top 10 places to buy a property.

It also has high private-sector employment and is on the UBS list of the world’s richest cities.

Find Homes for Sale in Chicago

Birmingham, Alabama

Being the most populous city in the state of Alabama, Birmingham is an 

educational center of the state and has been the favorite destination of many educational aspirants who come here to seek the careers of their choice.

It has been voted one of the nation’s most livable cities with a thriving community and more green space per capita than any other city in the nation. 

With a 3-year appreciation forecast of 10.6%, Birmingham is another great city to buy a home.

Find Real Estate for Sale in Birmingham, Alabama

Durham, North Carolina

Durham has cheap property prices which makes it a great hunting ground for bargain property investors.

An average home here is valued at $225,600. Durham home values have gone up 10.9% over the past year and Durham real estate market prediction is that they will rise 5.7% in 2019. 

If you want to rent your property, be prepared to make $1,400 a month.

Buy Real Estate Property in Durham

Atlanta, Georgia

With Properties starting at $70,000 and median rent per month of $1,500, Atlanta is the

best place for vacation rentals. It is quite popular amongst history lovers and is a great place to live.

Real Estate has recorded a 3-year appreciation forecast of 9.3%.

Atlanta is Georgia’s capital and economic center and is considered as one of the 10 most productive states that contribute to the USA’s GDP annually. 

Buy Real Estate in Atlanta

Dallas, Texas

With the lowest homeownership rate in the country, renting is more affordable than buying in Dallas. However, its population is Expected to Double in the Next 15 Years and the Real Estate 3-year appreciation forecast is 11.4%.

Dallas has a diverse population of every income group which makes renting your place easier with an average rent per month of $1,800.

Find Homes for Sale in Dallas, Texas

Houston, Texas

Houston is one of the most popular places to invest. It is the #1 Market in the US for Job Creation as well. The Median rental per month is $1,550 and it has a 3-year appreciation forecast of 10.5%.

Houston is the 4th largest city in the US with high volumes of trade and housing stock moving fast. This means it is easier to exit investments and find a buyer for your home whenever you want.

Find Homes for Sale in Houston, Texas

Boise, Idaho

Boise has recorded a rise in home prices despite the pandemic. With Job growth soaring high, Boise has been ranked #6 by Forbes. Its population and jobs both are growing higher than the national average. Its Supply and demand dynamics are driving home prices up which makes it a great place to invest in real estate.

Find Homes for Sale in Boise, Idaho

Also Read:

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7 Reasons Why You Should Invest in Real Estate in 2021

Top 10 Cities to Invest in Real Estate in 2021

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5 Golden Rules to follow when taking a Home Loan

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