- Dallas/Fort Worth
According to Investopedia, Georgia’s capitol city’s house prices fell 38% from their peak prices in June 2007. Prices still continue to decline with a 12% decrease over the last year. At around $109,000, housing is very affordable. Rent in Atlanta is also affordable, with the average rent being around $1,100 a month.
Unlike most major housing markets, Dallas didn’t experience too severe a fallout during the housing crisis. During the housing fiasco, home prices here fell a mere 16% in 2007. Since then, the housing market has rebounded. According to Forbes, Dallas has experienced a 6.2% population growth, 3.5% job growth, and an 11% home price growth. The home prices in Dallas remain underpriced by 5% and are expected to increase by 33% over the next three years.
While Miami is a popular hotspot among investors, even bringing in the interest of foreign investors, Tampa has gone largely unnoticed. The influx of investments helped Miami recover from its housing crisis. In Tampa, however, prices remain low with the current average price of $103,000. These low prices make Tampa one of the most affordable housing markets in the country. The population growth of Tampa is around 3%, with a 2.6% job growth and a 9% growth in home prices. Housing prices for the area are expected to grow by 25% over the next three years, according to Forbes.
With home prices averaging at $220,758, making the price under-valued by 10%, Charlotte, North Carolina is a largely affordable housing market. The area is experiencing a 5.5% population growth and a 3.6% job growth and a 6% house price growth.
Much attention has been brought to this Pacific Northwest city due to a booming job market facilitated by the presence of big companies such as Microsoft and Amazon. Unlike other major tech hub cities like San Francisco and San Jose, where the housing market is highly over-valued, the house prices here are only 4% over-valued, making them still a great deal for investors and home-buyers. According to Forbes, the average home price in Seattle is $370,300 and prices are expected to increase 22% over the next three years.
Real estate investing involves a lot of research and strategy, but can be very lucrative. Keith Knutsson and his team have many years of real estate investment experience which they would gladly share with you to help you make sound, lucrative investment decisions.