The Best Cities to Invest in Real Estate in 2021

Dec 9, 2020 | Things To Know

WRITTEN BY UNITEDHOMEOFFER

The past year was unpredictable to say the least. While the world suffered a pandemic, the housing market skyrocketed in success. There were certainly a handful of best cities to invest in real estate, though the whole country experienced a boom.

How Did the 2020 Boom Begin?

The real estate market exemplifies the drastic contrast between classes. Many working Americans lost their jobs due to coronavirus and have since been struggling to pay their rent or mortgage. The rise in the housing market demand came instead from mainly upper-middle class professionals with the new freedom to work remotely. They left the big cities in droves for smaller metropolises and suburbs across the country.

What Will 2021 Bring to the Table?

Redfin CEO Glen Kelman states, “There’s no way it can last forever. This level of demand is absolutely insane.” However, experts predict the uptick will continue through the spring and summer of the new year. Though the demand raises credit requirements on loans, there are still many parts of the country with reasonable mortgage rates. Coupled with an expected plateau on home prices and new home construction, the 2021 market should be promising for both buyers and sellers. To determine the top markets to buy a home this year, you must consider:
  • Job opportunities
  • Reasonable property prices
  • Expected economic growth
Without further ado, here are the best cities to invest in real estate in 2021:

1. Boise, Idaho

Idaho is a great example of the country’s recent interest in smaller cities. Boise’s population blossomed this past year and doesn’t look like it will be slowing down anytime soon. Economy is booming with a 5% employment rate and the city’s growth rate has tripled. Even better, the low cost of living makes it a prime location to invest in the housing market and/or open a new business.
Spokane, WA

2. Spokane, Washington

Spokane, Washington is one of 2021’s best cities to invest in real estate for its cheap living costs and increasing population. As of now, Spokane is a low-budget alternative to Seattle and Portland, and many are already capitalizing on the city’s potential while it’s still early.
Las Vegas, NV

3. Las Vegas, Nevada

Some joke that the state flower of Nevada is an orange traffic cone. It’s rooted in the truth, however, that new home construction is eternally expanding the desert city. With a booming economy and an affordable home market rate compared to coastal cities (but not too far away) many across the country have realized the promising future growth of Las Vegas.
Phoenix, AZ

4. Phoenix, Arizona

Phoenix, Arizona experienced massive success in 2020, and doesn’t look to slow down anytime soon. In fact, it will celebrate its 4th year as the city with the highest population growth in America. Everyone wants a piece of Phoenix for its affordable lifestyle and high employment rate.

5. Raleigh/Durham, North Carolina

The thriving economy of Raleigh/Durham, North Carolina promises good things in 2021. As of September the unemployment rate was a mere 6.2%. The city’s success in 2020 burgeoned through business growth and housing market demand. While business is booming, cost-of-living remains low, making it one of the best cities to invest in real estate this upcoming year.

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As we know, many business sectors saw a huge disruption in business proceedings due to COVID-19 pandemic. The real estate housing sector was also hit by these disruptions, even though to a lesser extent than service providers. The decision to buy a home during COVID...

Cost of Living in Tampa, Florida

Cost of Living in Tampa, Florida

The cost of living in Tampa, Florida, is 2% lower than the state average and 5% lower than the national average. According to the Economic Policy Institute, it is much less expensive than other Florida cities. Its being cheaper than Miami and West Palm Beach does not...

How to remodel your kitchen with no budget

How to remodel your kitchen with no budget

One of the most essential areas of any property is the kitchen. It is the focal point for any buyer looking to purchase your property. Not only is this a functional space for food preparation, but it’s also a central hub for entertainment and socializing.  The kitchen...

The Cost of Living in Phoenix, Arizona

The Cost of Living in Phoenix, Arizona

Phoenix holds a reputation for being among the more affordable big cities in the US. However, in a recent study that analyzed data from the 75 biggest cities in the country, the cost of living in Phoenix came in at the middle of the pack. San Francisco, on the other...

Is it Worth it to Live in Reno, Nevada?

Is it Worth it to Live in Reno, Nevada?

Several factors contribute to Nevada’s rising popularity. These include low taxes, high average income, and year-round fun. Buyers in the market for new homes wonder if it is worth it to live in Reno. Startups also have an interest in the city and that is why we...

The Cost of Living in Austin, Texas

The Cost of Living in Austin, Texas

Texas is one of the country's most favorable climes for business due to an absence of state tax. Another reason for the relatively affordable cost of living in Austin is its competitive, regulatory environment. The average costs for utilities and real estate are lower...

Is It Worth It to Live in Houston, Texas

Is It Worth It to Live in Houston, Texas

It is no surprise that many people would like to live in Houston, Texas. Houston is the fourth-largest city and one of the most diverse in the United States. It appeals to people interested in space travel history, rodeo, and so much more.   Due to its booming job...

The Top 10 Neighborhoods to buy a home in Texas

The Top 10 Neighborhoods to buy a home in Texas

Are you looking forward to settling down in Texas, and you need a great neighborhood to stay? This piece promises to give you a brief insight into the neighborhoods with the best homes in Texas. If you want to change your place of residence and buy a home in Texas,...

Common words to AVOID when selling your home

Common words to AVOID when selling your home

Just as some words elevate the prospects of selling your home, some words act in the exact opposite. It is crucial to note some of these words so that you would not end up shooting yourself in the leg.  Some buyers are very sensitive to words, and once they see it in...

Common words to use when selling your home

Common words to use when selling your home

If you are familiar with Real Estate listings, you will discover that there are more pictures than words. Pictures appeal to potential buyers, and it is best if the right words accompany those pictures. Some buyers make their decisions right on the spot. And one of...

Knowing the best time to sell a house

Knowing the best time to sell a house

People have different reasons for selling their homes. For some, it could be because they want to try a new location. For others, they must have seen a better property than where they are residing. Even though it is crucial to keep in touch with seasonal trends, it is...

5 Tips to sell your home fast

5 Tips to sell your home fast

Selling your home could be stressful, particularly when selling it during an unfavorable time of the season. Getting reliable real estate wholesalers is the first and right step that should not be joked with. Although the entire process of selling should not be your...

Effective marketing tips to sell your home fast

Effective marketing tips to sell your home fast

It is crucial to put some marketing strategies in place to sell your home at the highest price possible. It even becomes effortless to market your home when you have a real estate wholesaler by your side. Real estate wholesalers are professionals who put in much work...

The Cost of Living in Dallas Fort Worth Texas

The Cost of Living in Dallas Fort Worth Texas

One of the best places to live in the world is Dallas Fort worth Texas, and the exciting part is that you do not have to break the bank when it comes to living here. When you are considering moving to Dallas, several factors need to be looked into The good part about...

5 Home-selling oversights to be careful of

5 Home-selling oversights to be careful of

Selling your home property is a very big deal, and there is a tendency to make some wrong decisions without knowing. For you to have a good selling experience, it is essential to make the right choices and be careful of home oversights that might creep in. Learning...

7 Ways to get yourself prepared before selling your home

7 Ways to get yourself prepared before selling your home

Before you make that move to sell your home, you need to be prepared to a good extent. Your level of preparation determines if you will sell your home for a good price or not. Even if it’s your first time selling your property, getting prepared properly can help you...