The effects of the COVID-19 pandemic proved to be adverse. Fortunately, the housing market wasn’t hit as hard, and it has been doing well. Real estate investors and homebuyers have also taken advantage of different opportunities, including the ability to work remotely and low-interest rates on mortgages. As a real estate investor, one of the considerations you’re supposed to make includes the location you have chosen to invest in since some locations are more ideal than others. In 2022, it is advisable to invest in some of the underrated markets.
You’re now asking yourself, which are these underrated cities? Why are they ideal? Some of these cities have a low crime rate, good quality of life, and favorable job growth. If you’re unsure where to get started, we’ll look into five underrated US cities that are ideal for real estate investing.
1. Buckeye, AZ
Buckeye, Arizona, is a city located in the state of Arizona. The city’s population is 35,029, and the total land area is 1,658 square kilometers. More than half of Buckeye’s residents are part of the workforce and have relatively high incomes.
For homes for sale Buckeye, AZ has a pretty good economy, which has experienced relatively stable job growth over the years. The job market has been growing steadily since more companies have been established in the city because of the potential Buckeye, AZ, possesses with regard to industrialization.
Another major attraction for prospective real estate investors is Buckeye’s two master planned communities. The homes for sale in Verrado are among the most
The access to major highways makes the city attractive to investors. Since the housing market is relatively affordable and the job growth rate is good, real estate investing in this location is perfect.
2. Eagle, ID
Eagle, ID, is a small city with at least 15,000 residents. One of the reasons Eagle, ID is ideal for real estate investing is because it’s close to the highway, the cost of living is low, and there are top-rated schools around. The houses are also affordable. You can also engage in different outdoor activities in Eagle, ID, including horseback riding, camping, and hiking. Do you know that Eagle, ID is one of the safest places because it has a low incidence of crime?
With regard to the economy, Eagle, ID’s economic outlook is positive, and the job growth rate is also favorable. Most of Eagle’s residents are part of the workforce, indicating that there are jobs available. The city is also appealing to both investors and homebuyers.
3. Alpharetta, GA
The population of Alpharetta, GA, comprises at least 80,000 residents. The city is also close to the highway, which appeals to investors and homebuyers since accessibility is a major factor to consider.
Alpharetta, Georgia, has experienced favorable and consistent job growth over the years. A typical Alpharetta household has a median income of more than $70,000. In addition to that, Alpharetta has a low crime rate, top-rated schools with good teachers, and the cost of living isn’t that high.
Some of the available entertainment opportunities include live music venues and festivals. If you want to relocate from your current state or you’re looking for commercial property, why not consider Alpharetta, GA. It is an ideal city for both homebuyers and real estate investors.
4. Frisco, TX
This is a small suburb based in West Dallas, and it has experienced a tremendous growth rate in the past five years. It’s one of the fastest-growing suburbs in the country.
Frisco, Texas, has a reasonable job growth rate, and it’s been steadily increasing. The median income in Frisco, TX, is also high, at least $70,000.
You may want to consider investing in Frisco, TX if you’re based in the Dallas-Fort Worth area since you’ll be able to benefit from proximity to several airports and one of its east-west highways that forms part of 1-635.
The city is safe and has good schools and plenty of entertainment opportunities. What’s more, the cost of living isn’t that high, and real estate investing in Frisco, TX, has been going well in recent years.
5. Fort Collins, CO
Fort Collins has a population of at least 125,000 people. There are different reasons why this city is ideal for real estate investing, including a solid employment base and low-interest rates. Fort Collins has a reasonable job growth rate, and it has been improving in recent years.
The median income of a typical Fort Collins household is more than $70,000, and the cost of living isn’t that high. If you want to relocate from your current location or are looking for a commercial property, consider investing in Fort Collins, CO. This is an ideal city for homebuyers and real estate investors.
Other Factors to Consider
In addition to these five markets, other cities are also ideal for real estate investing. Some of these include Provo, TX, Oregon’s largest city; Santa Rosa, CA and San Jose-San Francisco-Oakland, CA, all located in California.
These cities have a job growth rate that is good, and they’re also close to major infrastructure. Other cities with a reasonable job growth rate include Minneapolis, MN, and Portland, OR.
Conclusion
Real estate investing is a lucrative business proposition for a lot of people. The cities that have been mentioned above will be ideal for both investors and homebuyers. They have favorable economic outlooks, and the job growth rate is high. What’s more, the cost of living isn’t that high. The cities are also close to major infrastructure. As the economy of the United States continues to trend upward, real estate investing will remain a lucrative business proposition in the years ahead.
If you’re an investor, you can acquire commercial or residential properties in the cities we’ve listed above since they will offer value and be profitable. You can also afford a better quality of life if you choose a city that complements your lifestyle.
Keep in mind that the rental prices in the cities we’ve listed above are also low, with different entertainment options. As a real estate investor, you’ll make a significant sum of money with both short-term and long-term investments.
Also read: What is the Cost of Selling a Property?
