Best cities to invest in real estate in 2022.
The real estate market is not immune to artificial pumps like what is currently going on in the market which basically allows any real estate property that you buy to be worth it. We all know that there are some real estate markets that are more propped up than others like New York and Los Angeles. In this list we make sure that while no market is immune to market corrections, these cities are so fundamentally dependable that the possibility that it turns catastrophic is very low.
Number five Denver, Colorado. Denver is the nicest city in the lower 48 states, once you get past the altitude sickness you will realize that Denver attracts nothing but successful real estate, whether you are in Denver or its suburbs even outside of the city limits like Colorado Springs and Boulder, even some of the more niche tourist markets like Glenwood Springs are worth taking a look at. Denver would be much higher up on the list if it wasn’t for its such high barrier of entry due to its price point, the median price point in Denver right now is $530.000, prices have gone up by 18% which is incredible growth by any means, but no one could tell if that is sustainable growth going on into the future, it’s weird times in the real estate market.
Number four Las Vegas, Nevada. The first thing that comes to mind when anyone mentions Las Vegas is that flashback of you in your early twenties making a bunch of bad decisions with that one person that you swore you would never ever speak of again, but we are talking about real estate here not your drunken financial and personal lapses of judgment. Remember in Las Vegas the house always wins, in this particular case, that real estate house that you buy will always win. Although anything too close to the strip is not recommended, unless of course your goal is to have a short-term rental property, then by all means get as close as possible. It is worth it to check Henderson, Summerlin and Spring Valley. Las Vegas median home price is 400 thousand dollars which is up by 20% as of last year.
Number three Raleigh, North Carolina. If you drive through Raleigh, there are so many trees that sometimes you can’t even realize that you are passing through so many gorgeous neighborhoods. Go ahead and check out Cary and Apex, those are great cities to live in. In Raleigh, North Carolina there’s definitely plenty of development going on and plenty of room for growth and at a quick glance there’s definitely future potential. The median price range is 380 thousand dollars which is up by 16%, however before the world ended Raleigh was growing at a very steady 8.1% per year.
Number two Kansas City, Missouri. It’s not only a great place to invest, it’s also a great place to live. It must be clarified that Kansas City is kind of split between Kansas and Missouri. On the Missouri side Independence, Lee’s Summit and Raytown are great places to live and on the Kansas side Overland Park is the best city you can live in. The median price in Kansas City is 210.000 dollars which is up by eighteen percent. In Overland Park the median price is 390.000 dollars.
We have reached the number one on this list which is Omaha, Nebraska. Kansas City has quickly become the best place to invest in real estate, the only reason it is not number one on this list is because Omaha, Nebraska is a carbon copy of Kansas City, Missouri, the difference being that it is cheaper and less well-known because Omaha is essentially about 15 years behind Kansas City if that makes any sense. If you ever said to yourself: I should have invested in Kansas City 15 years ago, well Omaha is your chance to do so. Omaha’s exploding in growth and not at an unmanageable level unlike Palmdale in LA county in the early 2000s, where they literally had ghost neighborhoods where one house out of 30 homes was occupied, the rest were either empty or left at different stages of the building process. Omaha also seems to be the city with the best long-term potential, it has the room and the opportunities to do so, commercial and residential properties are all succeeding in Omaha, Nebraska. The median home price is $240.000 which is up 15.3% from last year. You might be thinking that’s the lowest rising price in the entire list and you’re right it’s the least artificially inflated but the prices actually match the real value. Will there be market corrections? The answer is absolutely yes, the federal reserve has already stated that they will begin tapering interest rates in 2022, that means that home prices will begin to level out. At this point corrections will start to happen, however drastic falls in the home prices are unlikely anytime soon.