As a millennial, buying a home can be a challenging endeavor. With countless barriers for entry ranging from high interest rates to exorbitant prices and ridiculous credit requirements, it's safe to say that, if you're a millennial in the market for a house, you'd better buy the right one.
This being the case, it stands to reason that you'll want to maximize the potential of your investment by choosing a good city to invest in. Given how difficult it is to be a millennial in today's real estate scene, we'll be giving you a list of safe bets when it comes to investing as a millennial. Let's get started!
Houston, TX
This vibrant Midwestern city is well known for its bustling, energetic atmosphere; but did you know that this city is also a great place to buy a property? That's right: Houston is known in real estate circles as a red hot market that is ripe for investment!
With a reasonable median home value of $280,000 as compared to the national average of roughly $250,000, Houston is a very accessible market with a ton of room for growth and expansion. And, with demand for rental apartments higher than ever, you can safely expect to make a sizable profit should you decide to become a landlord.
What's more, Houston is home to a rapidly growing tourism industry. This means that workers will continue to flock here in droves seeking to take advantage of this job market. With an influx of workers come demand for housing and an increase in median home value, thereby adding value to your investment!
If you want to take advantage of this opportunity, your best bet is to get in touch with the local real estate agents in Houston TX. These skilled realtors will help you find a home that suits your needs and represents a safe investment. You'll be moved in in no time flat, and you can watch the appraised value of your home rise more and more each day!
Nestled in the far north of the southernmost state on the east coast, the city of Jacksonville FL has gained fame as one of the United States' newest forward facing metropolises. With its focus on growing the job market and improving the quality of life of its residents, Jacksonville is one of the best U.S. cities to invest in for millennials.
So how much does a home go for in Jacksonville? Far more affordable than you might have thought, as it turns out! At a cool $195,000, you can buy a home in Jacksonville for well below the median market value of a home in the U.S., $250,000. This makes it a great place for millennials seeking less pricey accommodation!
Despite it's below-average home values, list prices are rapidly growing, and an investment now is likely to produce large returns if sold. If you're interested in getting the jump on this booming market, you'll want to contact the top realtors in Jacksonville FL. These skilled real estate professionals are your best bet at getting the most hang for your buck!
Bentonville, AR
If you're looking for work in addition to housing, look no further than the city of Bentonville AR. This charming city is situated in one of the fastest growing areas in the U.S. and workers are in high demand, making it ideal for job seeking millennials. Who knows? Maybe it will be your new home!
Bentonville is home to an average home price of $259,000, just slightly higher than the national median, but that average home value is slated to increase steadily in the coming years, as industry grows even further. What's more, the city has plenty of things to see and do, so millennial residents seeking ways to stay busy won't be left wanting.
Want to find out more about this prime market? Get in touch with the real estate agents in Bentonville AR and see what's on the market! With a little searching, you shouldn't have any trouble finding a home that suits you and your needs, at the lowest price possible. Who knows? Before long, you might be calling the city of Bentonville home!
No discussion about prospective homes for millennials would be complete without mentioning the city of Tampa FL. This beautiful, forward facing metropolis in central Florida is one of the best places for younger individuals to settle down in. Why is that? We’ll keep reading and we’ll tell you!
So what makes Tampa such a great place for millennials? Well, let’s start with the excellent job market. Tampa is growing rapidly in population, and this means that demand for workers, both skilled and unskilled, is at an all time high. For millennials seeking a place to live that will allow them to further their careers, this is a great option.
If you want to move to this thriving young city, there’s no better time to do so than now. The real estate market is booming! So go ahead and give one of the real estate agents in Tampa FL a call, and see what’s on the market! Before long, you might just be living in this beautiful central Florida city.
Charleston, SC
If you enjoy learning about history, another place you might really enjoy living is the gorgeous city of Charleston, SC. One of the oldest cities in the entire country and also one of its most storied, Charleston is a great place for millennials to live. Let’s take a look at some of the things that make this city such a great home for millennials! With a thriving economy and vibrant culture to boot!
Want to make this beautiful city your home? You can! If you give one of the realtors in Charleston SC a call, and they’ll clue you in to what’s available in the area. With a little searching, you’ll have no finding a place that suits your needs, at the best price possible! If you like the city, this might just be your new home.
Conclusion
It's safe to say that finding a place to settle down as a millennial is hard enough, not to mention finding one that will hold up in the long run as an investment. We hope you'll be able to find a city that suits your needs, possibly with the help of this list!
Did you enjoy this article? Want to ask a question or leave some feedback on how we can improve our content? Leave us a comment in the comments section below, and we'll get back to you as soon as we can! Our readers are our top priority, and it's important to us that you find our articles helpful, informative and well written. From our team at RealEstateAgent.com to yours, good luck finding a new home!
