When it comes to investing in real estate in the United States, there are several essential
factors to consider, including location, economic opportunities, crime rates,
affordability, growth potential, education, and climate. The Federal Reserve reports that
the average home price in the U.S. has increased from $375,500 five years ago to $513,100 today and this upward trend is expected to continue.
If you’re thinking about purchasing property in the next five years, real estate experts
recommend considering the following U.S. cities, writes Go Banking Rates.
Riverside, California • Median home price: $643,521
- Annual price increase: 8.6%
- Safety index: 59.76 (Moderate)
- Climate index: 86.63 (very high)
- Crime and safety rating: C-
- Overall rating: B-
Joe Stance of Stance Commercial Real Estate points out Riverside’s rapid growth and
charm, especially for families looking for a small-town atmosphere near major cities.
New Albany, Ohio • Median home price: $599,251
- Annual price increase: 7.9%
- Safety index in nearby Columbus: 50.66 (Moderate)
- Climate index in Columbus: 71.29 (high)
- Crime and safety rating: B+
- Overall rating: A+
Dimitri Zubrich from Re/Max Affiliates highlights New Albany’s economic promise, driven
by Intel’s upcoming microchip plant that is expected to bring job opportunities and
investment.
Atlanta, Georgia • Median home price: $399,879
- Annual price increase: 2%
- Safety index: 36.02 (low)
- Climate index: 89.73 (high)
- Crime and safety rating: C-
- Overall rating: A
Jeremy Smith of Engel & Völkers praises Atlanta’s affordability compared to other major
cities, highlighting its growing suburbs with top-notch schools and lower cost per square
foot.
Boise, Idaho • Median home price: $491,295
- Annual price increase: 4.8%
- Safety index: 64.72 (high)
- Climate index: 65.11 (high)
- Crime and safety rating: B-
- Overall rating: A-
Joe Stance emphasizes Boise’s economic growth and quality of life, making it an attractive
option for both residential and commercial investments.
Hudson Valley/Catskills Region, New York • Median home price: $446,241
- Annual price increase: 7%
- Safety index: 49.22 (Moderate)
- Climate index: 79.66 (high)
- Crime and safety rating: B-
- Overall rating: B-
Angelica Ferguson VonDrak from Sotheby’s International Realty suggests considering
various locations in the Hudson Valley/Catskills region for their rejuvenation and natural
beauty, such as Kingston and Catskill.
Conclusion:
Selecting the right property location depends on personal preferences, budget constraints,
and investment objectives. By taking these factors into account, you can make an informed
decision and find the ideal location for your investment needs.
