Best Real Estate Markets in the US
According to the WalletHub Hot List, the best housing markets in the U.S. will be the most competitive in 2021. In order to determine which cities are hot, they ranked them on 18 indicators of housing-market strength and competitiveness. Austin, Texas, is the country’s most improved housing market. Meanwhile, Dallas-Fort Worth-Arlington is projecting to be the most competitive in 2021. The Tampa Bay area is also one of the country’s most active rental real estate markets.
WalletHub compared 300 cities across 18 indicators of housing-market attractiveness and economic strength
According to WalletHub, Oklahoma City ranks as the fifth most recovered city in the country. The personal finance website looked at 18 indicators, including job growth and median home price appreciation. Oklahoma City’s average age of first-time entrepreneurs is 39.2, which is higher than the national average. In a separate study, Brookings University found that Oklahoma City has the lowest income inequality.
The study considered factors such as unemployment rate, average income, and affordability. The study also included the number of people living below the federal poverty line. OKC is one of the top ten cities for families with kids. The study analyzed 32 large metro areas. According to the study, Oklahoma City has an estimated budget need of 18 percent below the national average. Oklahoma City ranked third in the top ten cities for college students by the American Institute for Economic Research (AIER). In addition, the study compared the top 150 U.S. metro areas across 18 economic indicators, including affordability, business environment, and employment growth.
Austin is the most-improved housing market in the United States
When it comes to affordability, Austin is a great choice. The city has a lower cost of living than other major U.S. cities, including New York and San Francisco. And the housing market is booming. In fact, it has been named the most improved market in the United States by Zillow. And this isn’t just a statistical fact. There’s a huge demand for Austin homes, thanks to a low supply of available homes.
Austin’s housing market has been booming for several years, but it’s still a seller’s market. There are more buyers than homes for sale. Prices are rising steadily, making it an attractive market for sellers. In fact, prices will continue to rise, with a shortage of inventory causing prices to increase even higher in 2022. Meanwhile, population growth in the area has had a huge impact on the housing market in Austin. For example, the median price of residential homes in Austin rose 14% in the past year.
Dallas-Fort Worth-Arlington is the most-competitive housing market in 2021
The Dallas-Fort Worth-Arlnton area has become one of the nation’s most competitive real estate markets in the past decade. While home prices have been steadily rising, D-FW-area homes sold for 18.6% more than the statewide median. A median sale price of $345,000 also meant homes in D-FW sold in an average of 25 days. According to Luis Torres, research economist with Texas Real Estate Research Center, rising mortgage rates are going to ease the pressure on home prices in 2022.
The median price of a home in Dallas-Fort Worth-Arlin-Arlington was $294,200 in the third quarter of 2020. This was nearly five percent lower than the national average, which was $309,100. However, the median price of a home in the Dallas-Fort Worth-Arlington area was $345,100 in June, nearly 25 percent higher than the median price in Boston, San Francisco, and Austin-Fort Worth-Arlington.
Tampa Bay is one of the most active rental real estate markets in the United States
There are many advantages to investing in the Tampa Bay area rental market. First, it has a low vacancy rate. Low vacancy rates are indicators of active demand for rental properties. Low vacancy rates are indicative of a good rental market, while high vacancies can indicate poor conditions. Low vacancy rates force landlords to lower their rental rates. In other words, low vacancy rates are good news for landlords.
The housing market is currently in an excellent condition in Tampa, with over one month’s supply of available rental homes. The median home price is up 14.3% YOY and the region is considered relatively affordable. The availability of rental homes in Tampa is due in part to the low unemployment rate and lack of housing inventory in the rest of Florida. Furthermore, Tampa is home to the headquarters of four Fortune 500 companies.
La Crosse-Onalaska is among the most affordable hottest markets in 2021
While housing prices have been increasing across the U.S., home prices in La Crosse-Onalaska remain among the least expensive. Home values vary widely by location, size, and age. Before purchasing a home, it is important to learn about the current housing market and its trends in your area. To help you better understand the current housing market in your area, Stacker compiled a list of the most expensive cities in La Crosse-Onalaska. The data used was obtained from the Zillow Home Values Index. Cities with at least three years of historical data were included. Matplotlib was used to create the charts in this story.
For a more affordable price, consider buying a home in New Haven-Milford, CT. The median home price in this market is $225,000, which is almost half the national average. In May 2021, the median home price dropped 9.7%, but the median price per square foot increased by 7.7%. Elkhart-Goshen, IL, Fort Wayne, IN, and Lafayette-West Lafayette, IN, were among the least expensive markets.
Topeka is among the most affordable hottest markets in 2022
If you are looking for a cheap place to live in the U.S., consider Topeka, Kansas, the capital city of Kansas. Topeka’s median home price was just $159,900 in January, 57 percent lower than the national average. The city has an aging population and an expanding economy, making it a good choice for homebuyers from all walks of life.
The steady demand for homes in Topeka comes from both out-of-state buyers and local buyers. Out-of-state buyers largely come from Las Vegas, California, and the East Coast. Low home prices are one factor that entices out-of-state buyers to relocate to Topeka. Another reason for the high demand for homes is the city’s low cost of living. Topeka’s housing market is supported by programs like Momentum 2022, which have gotten the area on the map. The Wichita State University Center for Real Estate, which tracks home sales across the state, found that the average number of days a home sits on the market is 18 days, down from 25 days in July.