Real Estate News

Five Best Places to Invest in Real Estate in 2017

Discover the best real estate markets for investments this year.

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With everything currently going on in our government, a lot of potential home buyers are wondering where to invest their money. The slew of changes currently being made by the White House are bound to have big economic repercussions, so how do you tell if your decision to buy into a certain real estate market is a smart one?

READ MORE: Miami Real Estate Hit a High Note This Summer

Real Estate markets are generally affected by many factors, but three important things to look at are population size and growth, job growth, and average home prices. Surprisingly, 2017 is projected to be a good year for Florida and Texas, as well as Washington, with the majority of healthy real estate markets located in Florida. So if a move to the sunny side of the country is something you have been considering, now might be the right time.

Here are the top five real estate markets prime for investing in 2017, as well as their statistics on population, job, and home price growth.

Dallas, Texas-

Average home price: $233,000

Recent population growth: 6.2%

Yearly job growth: 3.9%

Yearly home price growth: 9%

 

Jacksonville, Fl-

Average home price: $225,000

Recent population growth: 5.1%

Yearly job growth: 4.1%

Yearly home price growth: 9%

 

Orlando, FL-

Average home price: $219,000

Recent population growth: 7.2%

Yearly job growth: 4.4%

Yearly home price growth: 10%

 

Seattle, Wa-

Average home price: $416,000

Recent population growth: 5.4%

Yearly job growth: 3.7%

Yearly home price growth: 12%

 

West Palm Beach, Fl-

Average home price: $313,000

Recent population growth: 4.7%

Yearly job growth: 1.9%

Yearly home price growth: 11%

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About the author

Gary Adrian Randall