Making money in real estate sounds great, but it is not a guarantee. Most people move every few years, so it is important to consider where you purchase a home and if it has a chance of increasing in value in the short and long term. SmartAsset conducts an annual report on which cities are the best (and worst) bets for increasing in value. It looks at the last 25 years. Curious about where the top 10 places are for purchasing a home that will increase in value for 2022? You're off to a good start if you guessed my hometown - Austin, Texas!
- Austin-Round Rock-Georgetown, Texas: Home prices have increased almost 370% since 1997.
- Boulder, Colorado: The city's home price index rose by 277% over the last 25 years.
- Midland, Texas: Since 1997, home prices have risen 266%.
- Rapid City, South Dakota: Home prices rose almost 231% in the last 25 years.
- Fort Collins, Colorado: Homes in Fort Collins have seen a nearly 242% increase since 1997.
- Houston-The Woodlands-Sugar Land, Texas: Since 1997, home prices have risen 221%.
- Dallas-Plano-Irving, Texas: Home prices in the Dallas area have risen 228% over the last 25 years.
- Odessa, Texas: Yet another Texas city, Odessa, has seen a 247% price increase since 1997.
- Kennewick-Richland, Washington: Homes here have enjoyed a 217% increase since 1997.
- San Angelo, Texas: Rounding out the top ten, in the last 25 years, San Angelo homes have increased an average of 214%.
Source:
https://www.travelandleisure.com/hotels-resorts/vacation-rentals/where-to-buy-a-home-in-us-for-financial-growth
https://smartasset.com/data-studies/best-and-worst-housing-markets-for-growth-and-stability-2022
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