I was able to attend the Open space conference in Denver and they are talking about changing that landscape so more people would move to Colorado. My favorite bike path is losing .3 miles because they are flooding where it is. That said they went over how Colorado is looking to get another 3 million more people in 10 years. So the government here is making larger water reservoirs for more people here and that is the easiest way to see growth is expected to skyrocket. Property value will keep climbing as more people move to a 360 days of sunshine state. Just driving to DIA makes Colorado look like a different place from where I grew up. I remember nothing but fields and slowly denver is growing that 20 miles to get to DIA.
After working both markets, I personally believe you will see something in the midwest like KC, or even Tulsa. I would think the south would have something in the next 20 years.
I was able to attend the Open space conference in Denver and they are talking about changing that landscape so more people would move to Colorado. My favorite bike path is losing .3 miles because they are flooding where it is. That said they went over how Colorado is looking to get another 3 million more people in 10 years. So the government here is making larger water reservoirs for more people here and that is the easiest way to see growth is expected to skyrocket. Property value will keep climbing as more people move to a 360 days of sunshine state. Just driving to DIA makes Colorado look like a different place from where I grew up. I remember nothing but fields and slowly denver is growing that 20 miles to get to DIA.
What attracts people to the Denver area in Colorado?...TX has no income tax, and no PITA laws like what size your Big Gulp can be, etc...plus it has brainiac type work that certain people can draw good pay from.
I have noticed over time a huge increase in what seems to be not working tough guy types roaming the streets. Are they working to attract welfare types (people make big money off this group).
Plus I see a lot of other people moving there also, from waitresses to people who are fairly well off.
Investor · Austin, TX · Member since 2017 · 352 posts · 374 votes
4y
I look for job growth, population growth and wage growth. SC has the job growth and population growth but their wages have been basically keeping up with inflation. Cities like Greenville and Charleston are working to attract higher paying jobs (tech and finance). It's an identical situation to Austin prior to the tech boom. Once SC pulls in a name brand HQ I think the flood gates open and we have our new hotspot.
Raleigh, NC · Member since 2019 · 17 posts · 6 votes
4y
I think Raleigh, NC is having all the characters of Austin and i see that trend already. Google added additional tech jobs and apple confirmed adding campus.. good weather and reasonable cost of living.. lot of good universities..
Real Estate Agent · Santa Rosa Beach, FL · Member since 2019 · 112 posts · 116 votes
4y
South Carolina, Myrtle Beach area, Horry County specifically. Horry County was the second fastest growing county in the U.S.A last year. More people moving in, high housing demand and lack of inventory are causing a lot of appreciation. Plus, as we like to say, we live at the Beach!
Real Estate Broker · Charleston, SC · Member since 2013 · 794 posts · 454 votes
4y
I think Charleston will continue to grow substantially. I think we'll fare well through inflation and moderate recession, as well. We'll continue to see lots of transplants despite inflationary prices. Inflation hurts a lot more in a HCOL city than here even though our prices have spike. I think we'll keep seeing a steady influx of high earners moving down from up North. I do think we need more industry in the tech field. We're a little heavy on manufacturing at the moment.
Real Estate Broker · Kansas City Metro · Member since 2015 · 2k+ posts · 1k+ votes
4y
Do you want to invest in a tech boom type of location or a recession resistant location? Low taxes, landlord friendly, low barrier to entry, and "can't miss" investments are what people are attracted to about Kansas City. It is a master of none but has EVERYTHING.
Which cities do you think will continue to grow where property value will appreciate?
Columbus, Ohio is a great market to invest in. The population has been growing here year over year over the last decade, it is home to The Ohio State University which has over 50,000 students that live here along with those that visit, and it also holds a diverse range of young professionals and traveling nurses to fill the demand of the multiple business corporations and hospitals stationed here. The appreciation rate in Columbus has been 8% higher than the national average over the last year. Tech companies are continuously moving here and establishing a footprint in Columbus as well. Intel is a great example, who is building the largest chip manufacturing plant in the US right here, and it will be a $20 billion dollar investment that brings a few new thousand jobs.
Another example of economic growth is the upcoming Ohio State University Wexner Medical Center Inpatient Hospital which is a 1.9million square foot hospital that will bring over 800 new beds and a thousand new jobs.
Check out The Complete Guide to the Columbus, Ohio Real Estate Market which goes through the Columbus, Ohio market in depth and will give you a better scope of where the highest levels of growth are taking place and where to look to invest.
Real Estate Agent · Columbus, OH & Cleveland OH · Member since 2021 · 1k+ posts · 2k+ votes
4y
@Autumn Northey I would recommend looking at Columbus OH. You can get good cash flow and solid appreciation at the same time. Columbus has a lot of job opportunities and population growth. Especially with Intel coming to Columbus as well as Hyperion, which is a company that makes hydrogen fuel cells. Columbus is home to the HQ of Chipotle, Wendys, White castle, L-Brands, and Hunnington. Columbus is also home to OSU, which constantly develops real estate, employs lots of jobs, and attracts students from the US and internationally to attend. On top of all of that, it boasts one of the best college football teams Ohio state buckeyes, which is very well known and has a cult following, and attracts a lot of people to the games. If you don't care about appreciation at all you should look at Cleveland OH. Cleveland has a bit higher cash flow than Columbus in exchange for the appreciation.
I'm originally from the Northwest where I witnessed the influx of Californians over the course of a few decades drive real estate prices. I moved to Tennessee about four years ago, and since I've been here, I'm now seeing the beginning of the same trend I saw in the Northwest years ago (Californians, New Yorkers, and even Floridians moving in). Real estate prices here are still relatively low, growth is ramping up, and I see it as a perfect storm. I just built a gorgeous home for myself and just purchased my very first residential investment property last week! So stoked!!!! Let's hope the trend continues around here, as I see no evidence to suggest it won't.
@Chris Grenfell, which area of TN? I went to grad school in Nashville ~ 20 y/a and real estate prices there have exploded recently. Which other areas of TN do you recommend taking a look at?