20 Up and Coming Real Estate Markets

After the housing market crash in 2008, people all over the country saw a substantial drop in the price and value of their properties.  As a result, many people were unable to sell and were forced to vacate their properties and downsize to other locations.  At the time, many people feared that they would never be able to return to property ownership. Fortunately, things have improved, and many cities throughout the country have experienced a growth in real estate.  With the economy getting back on its feet, people are now looking to reinvest in properties, but many don’t know where to look.  Here are 20 up and coming real estate markets.

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Honolulu, HI

For many people, Hawaii is heaven on earth.  Although most people consider it a vacation spot, it is also a great place to live, and Honolulu has some great properties.  Although Honolulu has seen a slight increase in price in recent years, it still remains a highly sought after location for those looking to purchase real estate.

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Des Moines, IA

Des Moines definitely isn’t the most popular place, but that only means that there are lots of people missing out on all of the things the city has to offer – including great real estate.  The average price of a home in Des Moines ($180,000) is well below the national average and according to sources, this affordability is what is making Des Moines a hot spot.

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Manchester, NH

Manchester is a small city full of New England charm. Although it may not be the most exciting place to live, it definitely has advantages – one of which being the low-cost of houses.  Manchester offers plenty of houses that are well below the national average, a home owners can feel confident that they are purchasing in a safe area.

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New Orleans, LA

After hurricane Katrina devastated the city in 2005, New Orleans really struggled to get back on its feet.  However, things seem to be looking up for the city, and the real estate market seems to be thriving.  Although prices in the city have steadily risen over the last three years, buyers don’t seem to care and houses seem to be going fast.

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Columbus, OH

For the last several years, the real estate market in Columbus has been heating up.  According to sources: “With each passing month, the Ohio housing market is continuing to make significant, steady progress.”  Although there has been an increase in prices, many consumers still feel like they’re getting a great deal on their purchases.

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San Jose, CA

Over the last few years, San Jose has been booming thanks to the city’s growing job market. Unfortunately for first time buyers, real estate in San Jose may be a little out of reach; however, for those who are a bit more established, San Jose seems like the place to be.  Even with prices well over the national average, people don’ts seem to be turned off.

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Pittsburgh, PA

The real estate market in Pittsburgh has been on the rise for the last several years.  According to Schneider Downs advisors: “Much of this can be contributed to the concept of re-urbanization/gentrification, which has spurred growth in many major metropolitan areas throughout the United States…Pittsburgh’s vacancy rate is among the lowest in the country, and as a result of this demand, the cost of residential real estate has risen significantly in recent years.”

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San Diego, CA

San Diego is another city where people are willing to pay pretty much anything to become residents. Although many have predicted that the San Diego market would find itself another bubble, that doesn’t seem to be the case.

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Washington D.C.

Washington D.C. seems to be on the rise.  Although most people see the district as a place to visit and tour, many people have chosen the area as the perfect place to settle down.  There are several neighborhoods in D.C. that are becoming hot spots including Brookland and Woodridge.

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Charleston, WV

The real estate market in Charleston seems to be getting better and better.  Houses are being bought and built frequently, and many properties offer low-interest rates and low down payments.  Many have predicted that over the course of the next several years, things in Charleston will only continue to move forward.

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Springfield, IL

Since 2014, the real estate market in Springfield has been improving.  After years of being undervalued, properties in Springfield seem to be  at a good place for both buyers and sellers.  There are also several new housing developments in the city that boast a lot of great amenities.

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Houston, TX

Recently, the city of Houston has been gaining popularity.  Both tourists and potential residents have been flocking to the city non stop.  Thanks to Houston’s booming job market, along with loads of new construction, real estate in the city is definitely headed in the right direction.

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Salt Lake City, UT

Real estate in Salt Lake City is booming for both buyers and renters, and as a result, the city’s economy is on the rise as well.  Many people are drawn to Salt Lake City because of its affordability and options.  According to L. Paul Smith, the executive director of the Utah Apartment Association, “We’re definitely not San Francisco or New York City; we still are relatively affordable compared to most of the country.”

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Minneapolis, MN

Minneapolis’ real estate market is definitely growing.  The city boasts great prices, a low unemployment rate, and has becoming especially popular among young professionals – recently, the city has become the United States’ second largest market for home owning millennials.

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Phoenix, AZ

Real estate in Phoenix has experienced some trouble over the years.  During the housing crash, housing prices dropped to a discouraging low, and unfortunately, Phoenix has not yet fully recovered. However, many predict that over the next few years, new properties will be established throughout the city, and things will improve.

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Los Angeles, CA

Los Angeles has always been an extremely popular location; however, many people simply cannot afford to live there.  While the city still struggles to be affordable, many predict that things will turn around over the next few years, and some even believe that there will be a 6% increase in sales by the end of this year.

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Seattle, WA

Seattle’s real estate market has been booming this year.  The housing market in Seattle has been growing and construction in the city has been on the rise.  According to sources: the “Seattle real estate market is not limited to residential growth, major players in the corporate world have also staked their claim to various locations in the region.”

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Atlanta, GA

Everything in the city of Atlanta seems to be on the rise.  Over the last few years, Atlanta has become a popular destination for young professionals – and as a result, the real estate market has experienced some amazing growth.  Although “Atlanta began to recover much later than other markets”  the city should continue to see an increase in growth over the next five years.

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Dallas, TX

The city of Dallas offers a lot of activities and attractions for people visitors and residents, so it’s no wonder that the real estate market in the city seems to be on the rise. According to CNN, Dallas is “on pace to set a new employment record in 2014, and is forecasted for 3% growth in 2015, well above the U.S. average.”

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Denver, CO

Since the end of the recession, the economy in Denver has been able to bounce back quicker than some other cities throughout the country. The city’s unemployment rate has seen a nice drop, and there has been a growth in the job market.  According to CNN, the growth of the housing market in Denver will be the highest in the country by the end of the year.

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