Creating a real estate portfolio is very challenging. Particularly during these turbulent economic times. With the US real estate market in a state of chaos, many investors are looking for a safe and fast-growing location for their next investment.
If you are skeptical about where to start, this article will reveal a list of five underrated cities you can consider.
1. Buckeye, AZ
Located just outside Phoenix, Buckeye is a popular destination for vacationers and retirees. Prices for home for sale in Buckeye are $335,000, and they’re expected to rise 5% this year, making Buckeye a great investment.
Aside from that, the city has seen job growth in the past few years due to the affordable taxes rates and low cost of living. In addition to that, the city is quite accessible, with the famous Sky Harbor International Airport being located only 25 miles from the city. Route 85, the main highway from Phoenix to Las Vegas, also passes through Buckeye.
Buckeye also has several amenities for recreation and entertainment. There are about four golf courses, including Verrado Golf Club, one of the largest and most prestigious golf courses in Arizona. There is also a zoo and a community theatre located in the city.
With Buckeye’s growing population, numerous amenities, and job opportunities, investors are more likely to profit from this location. Aside from that, real estate prices are quite affordable for those searching for a fast return on investment.
2. Eagle, ID
Eagle is another underrated city in Idaho that should be considered for real estate investment. The small city has about 36,000 people and an average home price of $815,000.
The unemployment rate in the city is at 3%, which is quite low compared to other states and cities in the country. Eagle also has great potential for investors as it holds several recreational parks, including the Mountainside Park, Trailhead Park, and Veterans Memorial Park.
The city also has many outdoor activities and events, so it is a great location for investors to make money from rental properties. Besides that, Eagle has an excellent road network with the Interstates 1-84 and 1-15 passing through the city. The Owyhee Freeway, the main highway connecting Eagle to Boise and Salt Lake City, also gives easy access to other parts of the state.
In addition to that, Eagle is a great location for vacationers as the town is quite quiet and peaceful. Eagle has several golf courses, including the Bear’s Best Golf Course and Silver Lake Golf Club, which also offer great amenities. This city has everything that investors are looking for. Therefore, it should be considered one of the best places to invest.
3. Frisco, TX
Frisco is an increasingly popular city for real estate investors. With a population of about 188,387 people and average home prices of $682,749, this city is a great investment option.
Frisco has seen amazing job growth in the past few years, with jobs increasing by almost 27 % from 2010 to 2019. The city is also home to several companies, including Accenture and Jamba Juice, which continually add to the town’s population.
Frisco also has a strong job market thanks to the large number of high-tech companies in the area that constantly need employees.
The city is also highly accessible. Freeway 1, the main highway in the region, passes through Frisco. Frisco also has recreational parks such as the McCord Recreation Center and the Starwood Amphitheater, which hosts several events.
Several restaurants are also located in the city, including famous Mexican restaurants like La Parilla Mexican Restaurant, El Guapo Grill, and Abuelo’s Mexican Food.
Aside from that, the city has several upscale hotels that include the Four Seasons Hotel, The W Dallas, and the Westin Galleria. Frisco is one of the most underrated cities in North Texas that investors should consider.
4. Alpharetta, GA
Alpharetta is a town that has been listed in the top ten cities with the highest demand for rental properties. With an average home price of $440,000, this city is a great option for investors looking to find a fast return.
The city has some of the best schools in the state, including Parker High School and North Fulton High School, which are both ranked as the best schools in Georgia.
Apart from that, Alpharetta has several parks and recreational facilities, such as the Whitfield Greenway, Discovery Park, and Beltline Trail.
The city has also grown into a popular tourist destination with several attractions like Varsity Theatre, Hawksworth Distillery, and Stone Mountain Park. These attractions have increased the population in Alpharetta by about 23% since 2010.
The city is constantly growing and has excellent job opportunities. Unemployment in the town is at 5%, which is very low compared to the rest of the country.
Along with that, Alpharetta has an outstanding road network with major highways such as US-41, GA-400, and several other Interstates passing through the city.
5. Fort Collins, CO
Fort Collins is another city that’s growing rapidly in Colorado. The city has a population of about 86,000 people and an average home price of $968,000. The city has some of the best schools in the state, such as Wards Creek Elementary School, Fort Collins High School, and North Middle School.
Moreover, Fort Collins’s diverse economy includes retail stores and restaurants and its thriving tourism industry. As a result, there is a large demand for real estate that can be monetized immediately once owned.
Besides that, the city hosts several events throughout the year, including the Fort Collins Brew Festival, Comedy Works North, and the Colorado Timber Tour. Fort Collins has a high-quality road network with two Interstates passing through the town. There is also an airport located in the city that provides ideal connectivity to other areas.
To sum it up, these cities are the ideal locations for your next investment. They are excellent locations since they have a high growth rate, easy accessibility, and favourable home prices. There are several properties for sale in these cities, so you will have no trouble finding the perfect one to invest in.