9 Best Places to Invest in Real Estate in 2017

Diversify your real estate investments

The housing market is on its game right now. If you’re a real estate investor, you’ve got to keep your eye on the hottest places to invest. Getting the best ROI on your real estate investment means having a flexible investment strategy that adapts to market demands. Are you investing in the best places? Check out our list of best places to invest in real estate for 2017 and see for yourself.

9 Best Places to Invest in Real Estate in 2017

May 24, 2017 No Comment(s)

Best Places to Invest in Real Estate 2017

1. San Francisco, CA

San Francisco topped the real estate charts in 2016, and it’s back again this year as one of the best places to invest in real estate.

This hot California city is home to some of the highest prices of homes in the nation compared to the national average . What’s more, both home and rental prices continue to increase.

There is a healthy job market here, supported by a younger demographic needing to rent rather than to buy housing.

This increase in rental demand and the expanding job market make San Francisco a great city in which to prioritize real estate investments.

2. Dallas, TX

A close competitor to its California cousins, this major Texas city takes the lead in best places to invest in real estate in 2017.

This equally hot city will see housing prices increase more than any other city in America. Studies project a thirty-one percent increase in prices.

Dallas’s average home price clocks in at $233,000.

The reason? Rapid population growth in the next three years continued booming job market and employment rate, and massive spikes in home prices.

Buckle your boots and jump into this market while it’s strong.

3. Seattle, WA

This seaside city is at the top of the charts in terms of investment potential.

Severe job growth and a population boom led to a twelve percent increase in housing and rental prices last year.

Housing prices are expected to increase by at least five percent through 2018.

This city has the advantage of attracting a lot of millennials and creatives, which is always a good indicator of high housing and rental demands.

4. Orlando, FL

In the past three years, this snappy southeastern city has seen an impressive spike in population and job growth.

In fact, the promise of a growing economy is enough to justify real estate investment in this Florida city.

Orlando also boasts a very high unemployment rate.

Don’t forget the fact that Florida’s climate continues to draw people from all over the world for vacation rentals and summer stays.

The good news is that this clientele will always be there. Pair this with a booming economy, and Orlando is a must for investment.

Other areas in Florida to check out are West Palm Beach, Tampa, and Jacksonville. Florida may, in fact, be the best state to investigate in terms of real estate investment in 2017.

5. Salt Lake City, UT

Homes in this city have yet to experience undervalue.

However, jobs and home prices are skyrocketing in Salt Lake City. The average home value is currently $278,000, an eleven percent increase from 2016.

This is expected to increase by at least three percent through 2018.

These facts alone are enough to mark Salt Lake City as one of the best places to invest in real estate in 2017.

6. Grand Rapids, MI

Last year, Grand Rapids topped the charts of best places to invest in real estate.

It makes this list in 2017 for the same reasons.

Homes in Grand Rapids are among the lowest priced in the nation. The average home price is $129,700.

Plus, Grand Rapids is ranked the fourteenth most affordable city in America. It’s incredibly diverse economy and steady population growth make it one of the best investment places in the U.S.

Given local income averages and the fact that houses are extremely undervalued, real estate investors should be jumping on the opportunities here.

7. Las Vegas, NV

The job growth rate in this city is leaping off the charts, nearly double the national average.

This alone is enough to spike housing demand and make Las Vegas one of the best places to invest in real estate in 2017.

It’s also important to remember that Las Vegas is a leading figure in finance and commerce in the U.S., and is likely to keep that reputation.

Population growth here is also notable: currently it clocks in at just above two percent in this popular Nevada destination.

8. Columbus, OH

This city is often overlooked by real estate investors.

This is why it may just be one of the best places to invest in real estate.

Homes are undervalued by nearly twenty-percent in this city.

Columbus is home to some of the lowest priced homes in the nation, compared to local income. The current state average is $127,400, which is a 9.5% increase from average home values in 2016.

This all means that there is a lot of opportunity for fantastic investment here.

9. Boston, MA

While its east coast city counterparts show increasingly scarce markets, this Massachusetts city makes the list for best places to invest in real estate.

Boston’s average home price is $371,000. Its average home prices are expected to increase by twenty percent by 2020.

Home prices are undervalued in this city, which may have something to do with an extremely low population growth rate.

Combined with its expected job growth, Boston is an ideal location for investors to check out.

The Bottom Line of Best Places to Invest in Real Estate

The cities on this list are, well, cities.

To some investors, this presents a problem. To others, expanding into other states and cities is the way to go.

Another thing to keep in mind is to go where the millennials are congregating. These are most often going to be cities, as greater population density means greater potential for jobs and growth.

Now that you have a good grasp on the best places to invest in real estate this year, calculate how much of a return these places are likely to generate.

Thinking about investing in real estate, but not quite there? We can help you decide .

Blog May 24, 2017

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Sarah is a columnist for OKcalculator.com, providing financial insight and economical market condition updates.