The real estate industry is one of the most lucrative ventures with a significant return on investment. The United States generally offers an abundance when it comes to investing in real estate. However, there are little-known locations that investors are yet to explore their potential.
Most of these areas were able to withstand the challenges presented by the recent pandemic with a high bounce-back rate. When investing in an area, most investors and home buyers focus on the low-interest rates, employment opportunities, policy changes, and demographics.
As stated before, certain locations provide a better investment opportunity than others. Here, we will look at some of the active but underrated cities in the United States that are prime for real estate investment.
Frisco, TX
Frisco is one of the fastest-growing cities in Texas, with a population of 207,248 as of 2022. The city is located in a suburb setting thirty minutes from Dallas and at least an hour from Fort Worth. One of the most attractive features of this city is its median home price – the median home value currently stands at $509,200. This price range is well above the national and Texan average.
However, despite the high median home price, the economic status of Frisco makes it an excellent investment location. According to statistics, Frisco has had 10.34 property crimes per 1,000 people, which is considered relatively safe compared to some cities in Texas.
Frisco is also one of the fastest-growing economies being home to a wide range of companies. Some of the popular brands in the city include Oracle, Tenet Health, T-Mobile, and AmerisourceBergen. The city also offers more opportunities in sports tourism as it is home to the Dallas Stars FC Dallas and is also the corporate headquarters of the famed Dallas Cowboys.
Frisco provides a lot of fun things for people to do, including a visit to the Star, Dr. Pepper Ballpark, Specialty museums, parks, arenas, and historical landmarks.
Buckeye, AZ
Arizona has made a name for itself for hosting some of the best real estate investment locations in the United States. One of Arizona’s best yet unknown areas to invest in is Buckeye. The west Phoenix Suburb has a current population of 91,502 and a median home price of 330,290.
On the bright side, the median home price has been on a steady rise, a factor supported by the city’s economic growth. Additionally, homes for sale in Buckeye, Arizona have attracted new developments, which will further enhance the value on real estate in this area. This city is considered one of the safest locations in the Phoenix metro, with a 1.58 crime rate for every 1000 people.
Residents of Buckeye can easily access Phoenix using the I-10 and the 303 loops. It also has express buses that make it easy to commute between downtown and the suburbs. The city also boasts some of the best schools and colleges, such as the space-grant community college that offers STEM education.
Residents can also enjoy a host of fun activities, including the Skyline Region Park, which provides a 20-mile hiking and biking trail. It also has an artificial lake that offers water sports and several recreational activities.
Colorado Springs, CO
The real estate market in Colorado Springs is currently open and is open for the taking. The city is considered one of the fastest-growing markets in the United States with a sustainable upward direction. One of the most prominent features of this market is a rise in demand for single-family homes.
Colorado Springs had a median listing price of $419,900 as of October 20211. However, these prices are expected to trend up 16.6% annually. Homebuyers can also find affordable ricing in areas such as Park Hill or East Colorado Springs with median prices of $315,000 and $385,000, respectively.
Real estate investors can also take advantage of the high demand for housing and the low inventory.
Colorado also has a low unemployment rate compared to some cities in Colorado. The city’s economy was cushioned by the Downtown Partnership of Colorado Springs, which aims to restore the city’s economy to its original state.
The best part about this location is that the seven hundred thousand residents can easily access the Denver economy as well as other nearby cities. Colorado Springs is also home to several parks and museums that people can enjoy. Residents can also enjoy outdoor activities at the Vail and nearby Mountain Town.
Santa Fe, NM
In the last decade, Santa Fe has witnessed a steady all-around growth. One of the factors influencing the rapid growth in the real estate industry can be attributed to the rise in population. The current median price for a home is $383,000, an 11% increase from the last year.
These figures are expected to rise by 3.0% in the next year. The Santa Fe real estate market offers an investment opportunity in single-family rental properties, row houses, and apartment buildings. Popular investment areas include the Housing Market Area and the Metropolitan Statistical Area located approximately 60 miles northeast of Albuquerque.
Another factor that makes Santa Fe an ideal location for real estate investing is the unemployment rate. The city currently has an unemployment rate of 5%, which is a significant improvement from the all-time high of 13.70%.
The availability of jobs has made it easy for people to affordable rental homes and even buy houses. The city also boasts several attractions and fun activities residents can enjoy, ranging from art museums, parks, historical landmarks to indoor gaming centers.
Decatur, GA
Decatur, Georgia, is considered one of the best places to invest in the Atlanta Metropolitan Area. The city is home to 22,000 people and hosts some of the best real estate properties, historic neighborhoods, and commercial shops. One of the factors that have influenced the real estate growth in Decatur is the steady rate of employment.
The city has invested in retail, healthcare, hotel, and business service industries. It is also home to several brands, including Delta Air Line, Coca-Cola, CNN, and Home Depot. The city also hosts several major hospitals and agencies such as the CDC.
Another key factor is the availability of good schools and colleges with institutions such as Georgia State, Georgia Tech, Agnes Scott, and Emory offering more than education; they also employment opportunities.
The booming economy of Decatur makes it a population market, meaning more people will need homes as they can afford them.
Aside from the economy, this is also one of the best places to live as it is home to people from different ethnic backgrounds living in harmony. There are also a ton of activities and places where locals can go to relax and enjoy themselves, such as the AJC Decatur Book Festival and the Oakhurst Porchfest.
Despite the steady economy, the city has been able to balance the median home price at $299.9k, a value that will rise by 9% over the year.
