If you’ve been watching the stocks and investments over the last few years, you know that real estate is a particularly lucrative market for investments. Savvy investors are entering real estate because it’s been on an uphill climb for a while now.
Real estate is a fairly steady investment, which is why so many investors use it to diversify their portfolios. However, when the market shifts, it can take years to turn around again. Those who make the highest profits in real estate know to look into the future rather than the past.
For 2017 and beyond, here are the top recommendations, in no particular order.
In the metropolitan area of Dallas and Fort Worth, home seller are experiencing appreciation on their properties at a startling rate of 5.6 percent. Zillow estimates they could rise as much as 7.6 by this time next year. Home prices are fairly affordable in this area as it is, and the growth rate promises excellent returns in the future.
The upper central and lower northern parts of California, including Sacramento, the Bay Area, and Silicon Valley, are also smart bets for real estate investors. We’re looking at an average growth rate of 5.1 percent with high demand for both renters and home buyers. Due to the upper crest element of the area, however, the initial prices are quite high already.
With a predicted growth rate of 5.4 percent, Seattle and the surrounding areas are ideal for house shopping. The Northwest Bellevue area has been the most lucrative for investors so far, and the values are rising at a rate of 9.2 percent. Again, the homes in this metropolitan area will be pricey, but the appreciation makes them well worth the money.
The economy is booming in Denver with the reported unemployment rate at 3.1 percent. It’s one of the fastest growing cities in the nation, and the real estate sector proves it with an average growth rate of 5 percent.
With another 5 percent growth rate, Portland’s real estate promises excellent profits for anyone involved. There’s a lot of value to be had in the Northwest with overall lower property prices but quickly growing markets.
- Salt Lake City
The largest city and capital of Utah, Salt Lake City and the surrounding areas are seeing a nearly four and a half percent growth in their median home values. Ogden, a smaller city about 30 miles south of Salt Lake City, also has famously well-valued homes. These cities nestled in the Sawtooth Mountains have been experiencing a high economy with great real estate as a direct result.
The southern, larger half of Idaho has incredibly low home prices, and Boise, the state’s capital, is the best place to invest. It’s by far the state’s largest city, and the demand for housing on the edge of Idaho’s western border is growing.
Though it’s growth rate is much smaller than some of the cities mentioned above, this Nebraska city will still put home investors in the green. This is all thanks to their extremely low unemployment rate, which is currently at 2.7 percent and still dropping.
Surprisingly, this is the only eastern city on the list, and the growth rate is much smaller than some of the others. The projected growth rate is 2.2 percent, but the area has seen incredible income growth in the last decade. It seems almost certain that the median home value will rise exponentially as a result.
- Los Angeles
Anywhere from the tip of Los Angeles to the bottom of San Diego, investors can find profit on real estate, particularly if they’re going the rental route. The demand for rental homes and apartments is off the charts in this part of the country, promising a pocketful for those who pour their money into it.