These eight high-upside housing markets are true diamonds in the rough.
Markets like Denver, Washington, D.C., and Miami, where cultural attractions and scenic beauty abound, are appealing places to live. These sexy markets flourished during the pandemic, but they may be losing steam, according to some accounts. For example, as high earners from the East and West coasts move to Miami, longtime residents are being priced out.
While there are opportunities in sexy markets for investors with plenty of capital to earn profit, high home prices present a significant challenge. What’s more, cash flow may be stronger in smaller, lesser-known markets with affordable real estate, which could draw transplants in droves, according to our research.
Our analysts pulled data on median home price, rent-to-price ratio, population growth, and unemployment rate so we could identify the best opportunities in markets you may have never heard of. These eight markets have strong metrics, with the potential to be the next haven cities for people looking to leave sexy locales behind.
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By: Lindsay Frankel