Looking into buying a home? Do you just want to invest in real estate?
Then you’ll need to know which housing markets to invest in. But, how do you know which housing markets are ripe for investment in 2021?
Read on to learn all about the hottest housing markets in the United States.
1. Memphis, Tennessee
Have you considered investing in housing in Memphis? The median house price is around $160,000, and prices are only going up. So, you should do your best to get in on the ground floor.
Plus, Memphis has growing job markets in a number of fields, so it’s drawing more and more attention — which will eventually drive up prices in the housing market.
To learn more about investing in property in Memphis, you can view more information here.
2. Seattle, Washington
Those who love temperate weather may be interested in the housing market in Seattle, Washington.
The population of Seattle is growing, so if you plan to rent out housing, you should invest in real estate while you still can. The median house price is over $650,000, but the market is growing significantly.
And, because there are so many fewer homes available in Seattle than in other markets, competition is high.
3. Tampa, Florida
You might not think of Florida as a state with one of the nation’s hottest housing markets, but you’d be wrong. Home values in Tampa are rising, despite the pandemic, and homes only stay on the market for an average of twelve days.
If you don’t want to invest in Tampa, but you are interested in Florida housing markets, there are other options available for you. Orlando is also a great market that you could consider investing in.
4. Phoenix, Arizona
Desert lovers should check out the housing market in Phoenix. The population grew over sixteen percent between the years 2010 and 2019. Phoenix’s housing market is expected to outperform the national average this coming year.
Phoenix is one of the fastest-growing markets in the country, and it’s not expected to slow down anytime in the near future. Plus, the cost of living is below average, making it a tantalizing prospect for people considering a move.
5. Nashville, Tennessee
This country music hub is also high up on the list of hottest housing markets in the world. Nashville is one of the top cities in the country when it comes to economic growth.
It’s also a great city for nightlife and other recreational opportunities, in part because of its country music roots, so interest in Nashville as a housing market certainly won’t die down anytime soon.
Nashville does have a high cost of living, so it may be a better choice for people who have a lot more startup capital to invest in real estate.
Hottest Housing Markets: Start Buying Today
Clearly, you’ll have to go through the hottest housing markets and decide which is the greatest choice for you.
Do you need more real estate investment advice? Make sure you take a look at some of the other articles on this website today.