No doubt, when many people think of real estate investing opportunities, the first places that come to mind are coastal hotspots like New York City and Los Angeles. However, plenty of other great markets scattered throughout the United States can offer investors solid returns on their investments.
Here are five underrated US cities for real estate investing.
Buckeye, Arizona, is a suburb of Phoenix located west of the city. It is the perfect place for investors looking for affordable properties that offer a good quality of life. Buckeye is a great city for real estate investing for several reasons.
The city has a population of over 75,000 people and is growing rapidly. This population growth means a constant demand for housing, which is good news for investors. Investors can find plenty of opportunities for growth in Buckeye.
The city's population is expected to double by 2030, which will create a demand for more housing. Buckeye is home to several major employers, including Amazon, Walmart, and Lockheed Martin. These companies are attracting new residents to the city, further driving up the demand for housing.
Additionally, Buckeye is in the Phoenix metropolitan area, one of the fastest-growing areas in the country. That makes Buckeye a great place to invest in real estate because there is always the potential for appreciation.
The median home for sale in Buckeye is $215,000, which is a relatively affordable option for investors. The city's unemployment rate is just four percent, much lower than the national average. That means plenty of people are working and looking for places to live.
The city also has plenty to offer in terms of recreation, with golf courses, hiking trails, and parks galore, and there are plenty of commuting options available such as the Loop 101 and I-10.
Eagle, Idaho, is a small city located in the Treasure Valley region of southwestern Idaho. It is the perfect place for investors looking for affordable properties with the potential for appreciation. It offers investors a great opportunity to get in on the ground floor of a rapidly growing market.
The median home price in Eagle is $342,000, which is much lower than neighboring Boise, and there are plenty of new construction projects underway. However, Boise is one of the fastest-growing metropolitan areas in the country, which means there is potential for Eagle to appreciate.
Furthermore, the city's unemployment rate is just three percent, much lower than the national average. The city's job market is expected to grow by nearly 30 percent in the next ten years. The city also has plenty to offer in terms of recreation.
Eagle is located near several recreation areas such as Lucky Peak State Park and Boise National Forest. That makes it a great place to live for people who love the outdoors. The city also has easy access to commuting options, including the I-84.
Frisco, Texas, is a suburb of Dallas located in Collin County. It is a city on the rise, with plenty of real estate market growth opportunities. Frisco also has a low crime rate and high-performing schools, making it a great place to live and invest. The city offers a wide range of housing options, from single-family homes to apartments and condos.
The population of Frisco is over 200,000. It has grown rapidly in recent years, and it is now the fastest-growing city in the United States. This population growth means a constant demand for housing, which is good news for investors. The median home price in Frisco is $400,000, which is still relatively affordable for investors.
This is also in the Dallas metropolitan area, which has one of the strongest real estate markets in the country. Its economy is strong and diversified, with a variety of industries represented. The city is home to several major employers such as Toyota, Liberty Mutual, and JP Morgan Chase.
That makes it a great place to invest in real estate because there is always the potential for appreciation. Furthermore, the city's unemployment rate is just three percent, much lower than the national average. The city's job market is expected to grow by nearly 30 percent in the next ten years.
Frisco boasts several recreation and entertainment facilities. Examples include the Frisco Athletic Center, which offers a variety of sports and fitness activities; the Frisco Convention & Visitors Bureau, which attracts visitors from all over the world; and the Frisco Water Park, which is a great place for families to relax and have fun.
There are also several commuting options available. Frisco is served by the Dallas Area Rapid Transit (DART) light rail system, which makes getting around the city a breeze.
Additionally, the Dallas/Fort Worth International Airport is located just a short drive from Frisco, making it easy to travel to and from the city. The Dallas North Tollway, US-75, and the Sam Rayburn Tollway are also there.
Alpharetta is a city in Georgia that investors often overlook. However, it offers many benefits for those looking to invest in real estate. The city has a stable economy and grows steadily, making it a great option for long-term investment. It is also known for its low cost of living.
In addition to its strong economy and low cost of living, Alpharetta offers investors a variety of other advantages. For example, the city has an excellent public school system.
The population of Alpharetta is over 60,000 people, and it is still growing rapidly. This population growth means a constant demand for housing, which is good news for investors. Alpharetta is in the Atlanta metropolitan area, one of the country's strongest real estate markets.
The median home price in Alpharetta is $400,000. That may seem high, but it is still relatively affordable for investors compared to other Atlanta areas. Alpharetta offers low prices on both residential and commercial properties. That makes it ideal for investors to get started in the real estate market.
The city has plenty to offer in recreation and has something for everyone. There are a variety of parks and trails and a lively downtown area. And with its proximity to Atlanta, Alpharetta is also a great option for commuters.
The city boasts proximity to several major highways, such as GA-400 and I-285, making it easy to get around. These make this city a great place to live, work, and play.
Fort Collins is a great city for real estate investing for several reasons. First, the city has over 150,000 people and is growing rapidly. This population growth means a constant demand for housing, which is good news for investors. The median home price in Fort Collins is $360,000, which is still relatively affordable.
The city is also located in the Denver metropolitan area, one of the country's strongest real estate markets. Additionally, Fort Collins is home to several major employers, such as Intel, HP, and Anheuser-Busch. That makes it a great place to invest in real estate because there is always the potential for appreciation.
And finally, the city has plenty to offer in terms of recreation. The recreation activities range from fishing to parks, golf courses, and hiking trails. Several commuting options are available, such as I-25 and US-287.
There are several factors to consider when choosing an investment property, but these five cities and others including Louisville real estate offer a good mix of population growth, affordability, and recreation. Do your research and find the city that best suits your needs and goals as an investor. You can make a great return on your investment with the right property.
