With the recession growing more distant as each day passes, it’s the perfect time to set your sights on investing in real estate in the United States. Affordable housing, low vacancy rates and low interest rates make this market attractive to all types of investors. Cities are finally experiencing population growth, job growth and expansion of international markets which is making the real estate market finally begin to rise. The time to get into that market is now and here we show you the ten best cities to invest in. Whether you’re buying a vacation home, rental property or a place to call home; these cities can offer up a great place to invest.
1. Houston, Texas
With a booming economy and adequate room for expansion, Houston is number one on our list of top cities to invest in. Being the fourth largest city in the United States and an international business hub; it is the gateway to Latin America. With affordable housing options, low cost of living and high quality of living; this city is begging to be lived in. With its growing population and job growth that will continue into 2015; Houston has ever growing industries. Being named the energy capital of the world with over half of Fortune 500 companies being headquartered in Houston; this city is moving forward and the right time to invest in it is now.
2. Orlando, Florida
Being one of the hardest hit cities during the recession, Orlando is still struggling to bounce back into the forefront of the market. In saying that; it’s also one of the top cities to grab up real estate right now. With low priced homes along with low interest rates; investors can score big on buying. High rental rates make Orlando more attractive to investors and with a massive tourist industry; rental units are a top investment choice. Along with the tourist industry, Orlando boasts an above average job growth and booming health science industry; both leading to further growth in this sunny destination. With prices on the rise and the country coming out of the recession; we suggest you get in the game now!
3. Pittsburgh, Pennsylvania
During the recession, Pittsburgh proved to be one of the most resilient cities in the country and that is one of the reasons investing in real estate here is a great choice. With growth in medical, banking and education industries; Pittsburgh is seeing an increase in both in-town and out-of-town investors. Historic low vacancy rates and affordable house prices lets buyers into the market without breaking the bank. With a growing demand in the oil and gas industry, this city is proving to be unstoppable in terms of growth and stability.
4. Minneapolis, Minnesota
The time to invest in real estate in Minneapolis is now. The strong diverse economy and low housing prices together with the low rental vacancy rates makes this city desirable for all types of investors. Currently out of town investors are snapping up huge chunks of apartment buildings in the core center. Although this means housing is harder to come by than some of the other cities we have mentioned, the value of real estate is quickly rising. Younger generations who don’t want to leave the Midwest are flocking to Minneapolis after graduating. The time is now to buy in this quickly growing market where one can choose to pick a long term investment or “turn and burn” a property to make money.
5. Atlanta, Georgia
More homes were seized in Atlanta than any major metro area in the country according to CoreLogic Inc, which makes this city a buyer’s market. With its usually warm winters, home of a dozen fortune 500 companies including Coca-Cola and Home Depot; Atlanta offers up a great place to invest in real estate. With a cost of living less than half that of Manhattans and a multitude of houses available; this city is the perfect place to grab some real estate. If you don’t mind getting your hands dirty, there are plenty of opportunities to buy a fixer upper well below the average price of $200,000 for a single dwelling unit.
6. Seattle, Washington
As the economy continues to rebound; this city shows no sign of slowing down. Seattle is filled with not just rainy days but world renowned coffee and massive companies such as Amazon, Boeing and Microsoft. Always being a great city to buy property, Seattle remains true to its origins and is still a top choice to invest in real estate. Young people are flocking to this city to work for giant companies and the city is shifting from suburban to urban and there’s no sign of this city’s growth slowing down. Do yourself a favor and invest in an apartment, house or commercial property. It will be well worth it.
7. Raleigh, North Carolina
Affordable cost of living and job growth in stable fields have propelled this city into our top ten list. Raleigh prides itself on being the hub of education and with job stability comes a great market for real estate investment. A low foreclosure rate and strong commercial real estate opportunities will propel Raleigh into a strong future. Real estate investors will feel confident in this city as there is nowhere to go but up.
8. Phoenix, Arizona
Sun lovers are scooping up real estate in this now trending city; one of the hardest hit cities when the housing market bubble burst. Bargain prices, plenty of availability and a steady job growth makes Phoenix an attractive place to invest. Top companies such as Walmart and Intel support the job growth and housing market. Investors are choosing secondary markets such as Phoenix over major cities where real estate markets are flooded. Take a page from their book and get your hands on some sun soaked property here, but act quickly; this housing market is only going up. With big banks such as Wells Fargo and Bank of America employing people; this city is bouncing back.
9. Manhattan, New York
By far the most expensive city to buy real estate in this list, Manhattan nonetheless is an excellent city to invest in –if you can afford it. With thousands of employees coming to work at the World Trade Center; the market is booming, especially in the financial district. Couple that fact with New York’s ever growing population and notoriously trendy “Hipster” neighborhoods; there doesn’t seem to be a bad time to invest in this city when it comes to real estate. You will have to have deep pockets to invest here, but in the long run this Empire State will make it worth your while.
10. Dallas, Texas
One of the fastest growing cities; Dallas rounds off our list of top cities in The United States to invest in real estate. With houses priced below 12% of their actual value, it’s a great time to buy in Texas. Constant job growth, the ability to profit from future gas and oil development and home to the third busiest airport in the world; there is no shortage of growth in this city. With the ever growing technology industry taking place in Dallas; this is the place for people looking for long-term economic stability. Invest in real estate here today and in ten years you will wonder why you didn’t invest sooner.
