It’s difficult to pinpoint the greatest areas to buy a property in the United States since there are so many factors to consider apart from return on investment. Job prospects, facilities, and crime rates are all significant factors to consider before relocating. It can be especially difficult if you are searching for a home in the US when you aren’t even in the US yet!
Many immigrants are searching for where to live in the US before they move here so we have compiled the best places to buy a house depending on the job market, real estate, crime rates, good schools for families, and more.
Houses sold at a record-breaking rate and for a record-high price in 2021. According to Zillow, the housing market will have another robust year next year, with a national house value rise of 14.3 percent expected through November 2022.
Top 5 Places to Buy a House in 2022
*The following locations are compiled by Homes And Gardens.
The analysis was based on expected home value appreciation, the amount of for-sale inventory, and job opportunities.
Tampa, Florida
This is absolutely no surprise to us! We are helping thousands of Canadians move to the US every year. Find out why so many Canadians are moving to Florida.
‘Tampa is predicted to be the hottest market for 2022 due to a combination of reasons, keeping sellers in the driver’s seat into 2022,’ says Zillow economist, Nicole Bachaud.
‘Tampa’s home values are projected to grow 24.6% this year, a strong forecasted growth that helped land it at the top of this list. Additionally, a thriving job market, relatively scarce and fast-moving inventory, year-round sunny weather, and demographics that indicate a good number of potential buyers all contributed to Tampa taking the number one spot.’
Average House Price in Tampa: $359,019
Jacksonville, Florida
Once again, another Florida city on this list does not surprise us.
In terms of the local economy, Jacksonville is growing. Annual earnings are second-highest among Florida’s 12 metropolitan regions, and the region’s total GDP has more than quadrupled in the last 20 years. High incomes and economic growth aid in the expansion of the housing business, which is beneficial to real estate investors.
First-time homeowners are frequently searching for investment possibilities or getting into a community when it is still in its early phases of development to get the most out of it. These places are often less expensive to purchase than the city’s more established, popular sections.
Average Houe Price in Jacksonville: $269,570
Raleigh, North Carolina
As more individuals came to the metro region, Raleigh-Durham was named as the #1 big market for house building growth last year. Based on important characteristics such as housing market activity and economic vigor, Raleigh is also regarded as the fourth best-emerging home market for investors.
Based on critical parameters including economic strength, the housing market, and quality of life, joint research from the Wall Street Journal and Realtor.com rates Raleigh as one of the top 20 developing housing markets for investors and homeowners alike. Investing in Raleigh real estate (and other places of the nation) is a big store of wealth that is held more broadly than equities, according to the survey.
Average House Price in Raleigh: $402,952
San Antonio, Texas
The Zillow analysis follows a string of reports on San Antonio’s booming housing market. Among those, the National Association of Realtors named San Antonio one of the most undervalued markets, and Redfin listed three neighborhoods here among its hottest for 2022.
“San Antonio has been one of these places where when the economy is popping, it’s off the charts,” Trinity University Political Science Professor Juan Sepulveda said. “But when things tank in the economy, we’re not as bad either.”
This was the first year that San Antonio beat out Austin for having a better real estate market which indicates growth!
Average House Price in San Antonio: $248,346
Charlotte, North Carolina
Charlotte is one of the hottest real estate markets in the United States, following a multi-year pattern of developers and investors focused on Sun Belt towns for economic development potential. Charlotte, according to the Charlotte Observer, is an 18-hour magnet city, with its growing population and employment market making it a popular destination for individuals and businesses.
Charlotte, North Carolina is the state’s most populous city and one of the country’s fastest-growing metro regions. Charlotte’s broad industry and high quality of life contribute to the city’s burgeoning housing market. The Charlotte metro area is the second-largest financial center in the U.S., home to popular pro sports teams, and has one of the best year-round climates in the country.
Average House Price in Charlotte: $349,176
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VisaPlace Immigration News Contributor
Ella Bergquist
Hello! I am one of VisaPlace's many immigration news contributors. Comment below if you have any questions or comments about this article.
