If you are looking for a new city to call home, it is hardly ever easy. Especially when you have a whole country to consider. Ralph McLaughlin, Trulia‘s housing economist, compiled a list regarding the 10 cities with real estate markets that are likely to blossom, based on each area’s affordability, job growth and the number of vacancies. From Colorado Springs to Grand Rapids, The Most Expensive Homes is ready to share with you these hot real estate markets to watch in 2016 in the USA. Take a look!
McLaughlin puts this riverfront city at number one thanks to its affordable housing and seriously impressive job growth. Grand Rapids is also home to the beloved Fulton Street Farmers Market (it’s been around since 1922!), a pedestrian-friendly downtown area and a booming art culture.
This charming Southern town may rank higher than Grand Rapids when it comes to job growth (Charleston came in at number six), but its higher cost of living and fewer vacancies kept it from snagging the top spot.
Austin is undoubtedly one of the country’s biggest music destinations, so it’s no surprise millennials love it. The city’s job market is also a huge draw, especially for those looking to get into the tech game, as employers including Apple, Dell, IBM, and Samsung all have outposts there.
According to McLaughlin, Baton Rouge is attracting more people thanks to its impressive culinary and arts scene, and its charming Garden District.
With two cities in the top 5, Texas just may be the way to go, and San Antonio has plenty to offer. The famous Riverwalk is a huge draw, as is the city’s bike-friendly nature, and affordable homes. It even saw the biggest spike of millennial residents in the entire United States from 2010 to 2013. So if you’re looking for youth-approved culture, look no further.
Craving some mountain air? This city at the foot of the Rocky Mountains is a paradise for outdoor enthusiasts and has been named a “distinctive destination” by the National Trust for Historic Preservation for its attractive architecture and commitment to historic preservation, sustainability, and revitalization. Plus, it sits at number 37 on the Forbes list of best places for business and careers.
“Famously Hot” Columbia is home to six colleges, including the University of South Carolina, plus several major hospitals — and affordable housing prices. The state capital is also home to Fort Jackson, the largest military training center in the country.
The Inland Empire is home to a rich architectural history where Spanish Colonial Revival can be found mingling with Victorian styles. But if you’re thinking of moving here, you will appreciate most what Rob Murray, broker-owner of Murray Real Estate in Riverside, says: “We’ve seen quite a few first-time homebuyers, so the market is strong here for affordable properties.”
Sure, the Strip is what we all think of first, but there’s more to Las Vegas than gambling and nightlife — such as access to some of the best places to explore the great outdoors. But the clincher for this big little town just might come from the U.S. Bureau of Labor Statistics, which expects Las Vegas to experience 4.8% job growth in 2016, crushing the national prediction of less than 2%.
On the banks of the Puget Sound, Tacoma is rich with outdoor activities and the arts district that celebrate the region’s world-renowned glass art (culminating in the Chihuly Bridge of Glass). But the port city is also an affordable place to live, making it an attractive destination for young professionals and families in the Pacific Northwest.