Investing in the real estate market is one of the most reliable financial decisions you can make with your money. Unlike the stock market, which is incredibly susceptible to sharp fluctuations, the real estate sector has always evolved with a certain sense of stability.
There are many benefits to stepping onto the property ladder, most notably, you can create cash flow with your assets, foster equity building, hedge against inflation and even receive tax breaks.
However, it’s important to note that location is one of the most important factors when it comes to purchasing a property. That’s why the average price per square foot in Manhattan, New York City, is around $1,319 and only $188 in Dallas, Texas.
If you manage to secure a home in an up-and-coming neighbourhood for an excellent price, you can see a sizable return on your investment in a matter of years. So, to help you find the best location possible, we’ve curated a list of the most popular housing markets you should invest in. Keep reading to find out…
Madison, Wisconsin
Increasingly, young professionals and families have chosen to settle down in the beautiful Midwestern town of Madison. It’s renowned for its steady job growth, low employment rate, and reliable real estate options. There are great homes for sale in Madison, especially if you love the outdoors, Madison has plenty of scenic lakes, hiking trails, and green parks.
Salt Lake City, Utah
Salt Lake City has a ton of affordable housing, a strong sense of community, a budding economy, and plenty of outdoor activities to sink your teeth in. In terms of quality of life, Salt Lake City ranks high up on the list. Not only is the city family friendly, but it’s also a great place for young professionals to thrive. Houses in Salt Lake City are flying off the market with the average home being listed for 10 days.
Manchester, New Hampshire
If you’re thinking of putting safety first and moving to the New Hampshire area, look no further than Manchester. This area has the lowest percentage of individuals living under the poverty line and consistently ranks as the safest state to live in, thanks to its comparatively low homicide rates. Buyers are flocking to this city because it’s still possible to purchase a three-bedroom house for less than 300k.
Boise, Idaho
Many young professionals and individuals are choosing to move to Boise in Idaho because of its affordable housing. The average prices are well below the national average and, not only is rent and property well priced, but it also has great weather and a low unemployment rate. The people are incredibly friendly, and you’ll easily feel part of the community.
All in all, think out your decision thoroughly before you make a purchase. Make sure you’ve evaluated the risks, you’ve done your calculations properly, and that you understand the market you’re buying into, Once you’ve found a house you love, make an offer.
