JLM Blog | 10 Best Cities to Invest In Real Estate 2022Real Estate News, Updates, and Tips
Real Estate Agency San Diego, CA
Article published on March 14, 2022.
If you’re an investor in the real estate market, it’s crucial to stay up-to-date on the latest trends and changes in the industry. While investing in property can be a lucrative endeavor, staying informed and prepared is necessary.
With the real estate market in a state of flux, it can be hard to know where to invest. Fortunately, we have identified promising markets that are set to boom in 2022.
1. Pueblo, Colorado
This quiet community is just 100 miles south of Denver, which makes it a good place to live for those who work in the big city but want to get away from it all at the end of the day.
The population of Pueblo is growing rapidly due to an influx of young professionals attracted by low cost-of-living, affordable housing prices, and an abundance of outdoor activities such as skiing, hiking, and mountain biking. The city is home to Pueblo Community College and Colorado State University-Pueblo, with over 20% of residents earning a bachelor’s degree or higher degree.
2. Detroit, Michigan
In Detroit, Michigan, tech companies continue to make waves as they move into the area and bring with them an influx of new jobs and a refreshed sense of hope for the future. As this trend continues, expect to see steady increases in housing prices and a high return on investment.
The home of Motown has a surprisingly low cost of living while offering many amenities, like plenty of restaurants and museums. The city has begun a long recovery since its bankruptcy in 2013, but there’s still much room for growth.
3. Atlanta, Georgia
Atlanta is the capital of Georgia and among the fastest-growing cities in the United States. Its population totals just under 500,000 people—a significant number of whom are renters, making it an excellent choice for those looking to acquire rental properties. Atlanta has been growing at a breakneck pace as more people move to the city for job opportunities with companies like Coca-Cola and Delta Airlines, which both call Atlanta home.
4. Spring Hill, Florida
Spring Hill is located about 45 minutes north of Tampa and has about 100,000 people. It’s the second-largest city in Hernando County and is home to several major employers, including Oak Hill Hospital and retail giant Walmart, which employs around 4,000 people. The city also has a high school graduation rate of 94%, almost 10% better than the national average. With cheap homes on the market and major employers in the area, Spring Hill is an ideal place to invest in real estate.
5. Youngstown, Ohio
Youngstown is home to many universities and colleges, including Youngstown State University (YSU), which has one of the largest enrollments in Ohio. This means that there’s always an influx of bright young minds in this city, and they all need places to live while they’re getting their education. The demand for housing is high, but the supply is limited, so anyone willing to buy property here can charge high rent—and still have people lining up to pay it.
6. Cleveland, Ohio
Located on the south shore of Lake Erie, Cleveland has been revitalized in recent years as its historical buildings have been restored and an array of art galleries and theaters have opened their doors — all within easy walking distance of each other. A diverse economy has also helped attract new residents, drawn by the city’s low cost of living and proximity to other major Midwest cities like Chicago and Detroit. With so much going for it, now seems like just the right time to invest.
7. Phoenix, Arizona
With its gorgeous desert landscape and rich history as a mining town, Phoenix is poised to be one of 2022’s hottest locations for real estate investment–and not just because it’s in Arizona! An average temperature of around 70 degrees year-round makes this city a great place to live or visit, but what makes it unique is how close together everything is: you can walk from downtown out into one of Phoenix’s many parks within minutes!
8. Palm Bay, Florida
Palm Bay, just an hour from Orlando, offers an affordable alternative to those looking for property in the Sunshine State. The cost of living in Palm Bay is lower than the national average by 14%, making it more affordable than Orlando and Miami. The population is growing rapidly too, which means investing now could position you well for future gains.
9. Dayton, Ohio
With a high quality of life and low cost of living, Dayton has become a popular destination for those who want to live somewhere with all the amenities of a big city—but without the hustle and bustle associated with larger metros. Plus, it’s home to Wright-Patterson Air Force Base, making it an ideal location for military families looking to settle down in one place.
10. Birmingham, Alabama
The renaissance of Birmingham has brought new energy and excitement to the city—and made it a perfect place for investors to get in on real estate right now. With its young population, high quality-of-life ratings (low unemployment, affordable cost of living), and growing entrepreneurial scene, it’s no surprise that Birmingham is seeing market growth across the board.
This is a city that knows how to give back, too: The city’s West End neighborhood is building five new apartments specifically for low-income families, part of a larger initiative to revitalize the community by taking advantage of tax credits and government grants.
Real estate investors are always on the lookout for some of the best cities to invest in. The property market is very lucrative and can be quite rewarding if you choose the right cities. Some factors play a role in where real estate investors will want to invest, including San Diego Real Estate Agency services, population growth and job opportunities. To help you get started, we have put together a list of the best cities to invest in real estate in 2022.
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