Are you thinking about investing in some sort of property, but have no idea what type of property you should invest into and the most important element is where is the best location or state for investing in a property? The most abundant and reliable form of investment is real estate investment. It is the purchase of an income stream and has a lot more advantages over other types of investment. For example, real estate investments come with perks like potentially higher returns, inflation hedging, stability, and diversification. Just for your ease, here is a list of top eight places to invest in real estate property in the United States of America.
1.) Nevada City Coming in First Place
Now, this may come as a surprise for some of you all, but Nevada City is actually at the top slot for one of the best places or states to invest in real estate property, and this fact is proven by the stats present at Realtor.com. Nevada City holds the first position at Realtor.com. Even after it’s a tremendous increase in previous years.
Nevada is expected to see an even higher increase in its property values.
2.) Texas Has Got the Second Slot
Coming right after Nevada City, Texas has the second place for the best values of real estate property. According to all real estate sites, Texas is home to a booming economy. Maybe that is the reason why most of the striving companies choose to expand, relocate or launch their business here. So, if you are looking for a steady income, this might be the best spot for buying a property.
3.) Florida Known as the Sun Shine State
As the name suggests, Florida is home to one of the most flourishing and booming values, especially for real estate properties. The prices are as high as the sun and are shining likewise. From the stats of the home market in the state, Florida is no stranger to top ranking in the house market performance in the states. Especially in places like Davenport, Florida the housing market is touching the sky. The average selling price of homes in Davenport, Florida is around $195,019, which is a very big increase in previous years. Which is around 4.98%. The average price per square foot is $105. So, by seeing the numbers of Davenport FL home value we can identify that Florida is one of the best places to invest in real estate property.
4.) California Comes in Fourth
California also comes in one of the best places to come in the property listing. California state comes in high ranking at Realtor.com. But the only issue with this state is the shortage of homes in the city, this causes the buyers to refrain from buying homes in the state. Still, it has one of the highest-ranking in the real estate house market.
5.) The State of Utah Coming in Fifth Slot
The secret to Utah’s success in terms of the real estate house market lies in the fact that it is the most popular state amongst relocating companies. The city is predicted to have the best job and the highest salary growth in the coming years. A house increases of 3.2% is predicted for the coming year.
6.) The State of North Carolina Taking Sixth Place
The city of North Carolina is also one of the most important and recommended places to buy or invest in property. The average real estate value in North Carolina in almost $186.800. The values of real estate in North Carolina have gone up 7.1% in the previous years, even then there is a prediction of a 3.9% increase in the real estate values within the next year. The average list price per square foot in North Carolina is around $135. The prices of homes that are currently listed in North Carolina and the prices for the homes that have been sold already, range from almost $275,000 to $203,500.
7.) Colorado City Taking the Seventh Slot
This may come as a surprise to some of you people but Colorado State is also listed in the top rankings in real estate home values across the United States of America. The average house sales value in the state of Colorado is around $378,300. Colorado home values have also one up around 3.4% or even higher in the past few years, and even after this incredible rise it has a prediction of the rise of 1.5% in the next few years. The average list price per square foot in Colorado is $263. The prices of homes that are currently listed in the state of Colorado and the prices for the homes that have been sold already range from almost $431,900 to $366,800.
8.) Tennessee Taking the Eight Place
Now even though the state of Tennesse is coming in the last place that does not mean that the city has no market value. The state of Tennessee still ranks in one of the best places to invest in or buy real estate property. The average house sales value in the state of Tennesse is around $168,600. Tennessee home values have also one up around 6.0% or even higher in the past few years, and even after this incredible rise it has a prediction of the rise of 3.1% in the next few years. The average list price per square foot in the state of Tennessee is $136. The prices of homes that are currently listed in the state of Tennessee is $259,800 and the average rent price in the state of Tennesse is $1,400.
As we are now aware of all the numbers of investing money in different places and we now know how the prices or home values vary from location to location, we can see that investing in real estate property is the best way to double or even triple your money and income, and by doing that you will be able to attain more stability. So now that you know everything about the real estate values, it is time to start investing in some property and making all of those savings pay off.