If you are looking to invest in real estate, then you should consider cities which are on the upturn so that you can have the largest return on investment possible. There are some cities that are in ruin, yet millennials run to them for cheap housing. If you weigh all the data, it will be easy to see that some of these unconventional picks are worth your attention.
You probably didn’t expect a city from Montana to be topping a “best of list” unless it was for “Best Cities to Go to Montana State University” but there is a method to this madness. Bozeman, historically, has been a small, working class city. The local university brings in a quarter of the town’s population every year but there have been others coming to the city for the past few years. It seems that the way Montana’s tax system is structured has created a haven for startup technology companies who can’t compete in Silicon Valley. These companies are moving to Montana instead and picking off the fresh engineering students from the university. The city is becoming more affluent and many fly fishers from the northeast are starting to buy up real estate.
Another unconventional pick, yes, but Detroit is one of the best cities to invest in real estate in America lately. A few years ago the city was bankrupt and there are hardly any jobs. However, there are a bunch of jobs starting to open up just 30 minutes north of the city and many millennials are moving to Detroit for dirt cheap housing. Neither the native locals nor the millennials can afford to purchase real estate which is what makes Detroit a sleeper hit.
Cost of living in Dallas is poised to become one of the highest in the nation of the course of the next few years. Advising that figure is 6.2% three-year populace development, 3.9% employment increases a year ago and 9% yearly home cost picks up. Homes in Dallas are additionally underestimated; notable midpoints compared to adjacent city’s cost of living make Dallas a sure thing.
The weed trade has turned Seattle into the crowned jewel of the Pacific Northwest. In the past year, prices have raised 12% and there is no end in sight. Restaurants in the city are doing so well, in fact, that they have done away with tipping waitstaff and restaurateurs are now paying them an overly rate. The population of the city is booming and more companies are moving to, what could be, the hottest city in America right now.
Those are four picks that probably were not expected for most real estate hounds, but the reality of the situation is that America is bouncing back. There were so many cities which were devastated back in the 2008 recession that are starting to do very well as a result of intelligent policy making. While other cities in America fall deeper into debt, the ones cited on this list are becoming major metropolitan hotspots.