• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

The Task Lab

the task lab

  • Home
  • About
  • Lifestyle
  • Technology
  • Business
  • Traveling
  • Health
  • Contact

The Best Cities for Real Estate Investment in 2021

June 25, 2021 Laura

FacebookTweetPinLinkedIn

At the beginning of the COVID-19 pandemic, a protracted recession seemed all but inevitable. And for a while, the US real estate market stagnated as uncertainty reigned and sales slumped. But it didn’t stay that way for long.

By early this year, the crisis had reached a turning point and the economy began to recover. What has followed in the real estate market is being described by experts as a frenzy. And that means there’s plenty of opportunities for smart investors to profit from the rebound.

But to do that, investors need to target the cities that provide the best odds of success. And to help them do that here’s a look at the best cities for real estate investment in the second half of 2021 and beyond.

1. Phoenix/Scottsdale, Arizona

By far, the hottest city for real estate investment right now is the Phoenix-Scottsdale metropolitan area in Arizona. It’s an area that’s seeing a big influx of inhabitants, driven by a flood of high-paying jobs appearing in the area. As a result, inventory of Phoenix homes for sale has been at historic lows for the past 3 years.

But for investors, there’s even more to like. The city itself allows short-term, Airbnb-style rentals, and regulation exists exclusively at the homeowner association level. That means buyers can turn their properties into revenue-generating vacation rentals at will.

And, because Arizona is a tax-friendly state with a tight housing market, there’s an excellent chance of property appreciation without the threat of big tax bills. And in a state that offers higher living standards at a lower price than places like California and New York, that’s a recipe for long-term profitability.

2. Boise, Idaho

Next on the list is the city that ranked number one in Realtor.com’s metro housing forecast for 2020 – Boise, Idaho. It’s an area that continued to perform well even as the pandemic raged. And now that local employment is back to its pre-pandemic levels, the local real estate market is heating up again.

That means investors can ride a wave of housing demand and continued tight supply to consistent profits by investing strategically there. With strong population growth and a low cost of doing business, there are few cities with a more attractive environment for investors. And those that act now can still find properties to bundle into a thriving real estate portfolio.

3. Tampa, Florida

It isn’t often that a city with a large population can rank among the best real estate investing options. But Tampa, Florida – home to more than 4 million residents – managed the feat this year. It’s because the city combines a desirable residential area with a high-traffic tourist destination that assures continuous demand for both long-term and short-term housing.

And yet, the median home value in the area has only recently passed $300,000. That represents a 17% spike over the past year, indicating that there’s booming demand and a tightening supply. Those factors will continue to drive up prices in the area for the foreseeable future. And for investors that has created a rare opportunity to buy low and sell high with very little turnaround time. And with the local population still growing, the city offers strong rental revenue as well.

4. Charlotte, North Carolina

The next city on the list of hot real estate investment markets is in the middle of five consecutive years of home price gains. It’s Charlotte, North Carolina, and it’s a city with plenty of things for investors to like. The local market there is ideal for a variety of real estate investment strategies. Its climbing prices make it perfect for house flippers, buy and hold strategies, and multi-family rentals.

What’s most attractive is the city’s high median income of over $53,000 per year, which ensures a steady stream of qualified buyers for homes. And, it’s a growing financial center with a banking sector second only to New York City in size. That means there’s plenty of growth in Charlotte’s future to fuel a strong real estate market there for years to come.

5. Reno, Nevada

Last but not least, the “biggest little city” of Reno, Nevada rounds out the list of top real estate investment markets in 2021. It’s a place that tends to get overlooked due to the massive popularity of Las Vegas, but that offers a great opportunity for savvy investors. And there’s plenty of reasons why.

The first is that Nevada offers a low-tax, business-friendly environment that’s luring big companies to the state. Well-known firms like Tesla, Intuit, and Panasonic all have facilities in the area, which is driving wage and population growth. And, although it’s far more low-key than its glitzy neighbor Las Vegas, Reno draws just as many tourists each year. Add increasing demand and decreasing supply to the mix, and you end up with an irresistible opportunity for investors.

An Investment Boom

Right now, the US real estate market is on the verge of a major surge. And investors that target the five cities listed here stand a great chance of turning that surge into a big opportunity. But as with all investments, timing is critical. So smart investors should move with haste to find properties in these five cities to add to their portfolios before others beat them to it.

 

 

0 Shares
FacebookTweetPinLinkedIn

Business

Primary Sidebar

About The Task Lab

Hi! I’m Laura and here at The Task Lab we are all about organization, productivity, technology and budgeting. We want to provide you with tools to enhance your daily life, with as little effort as possible. A lot of this has to do with building new habits, which we will talk about a lot.

Follow Us Online

  • Facebook
  • Instagram
  • Twitter

Archives

  • April 2025 (3)
  • December 2024 (2)
  • November 2024 (1)
  • October 2024 (4)
  • September 2024 (3)
  • August 2024 (2)
  • July 2024 (2)
  • June 2024 (2)
  • May 2024 (2)
  • March 2024 (2)
  • February 2024 (4)
  • January 2024 (3)
  • December 2023 (5)
  • November 2023 (1)
  • October 2023 (2)
  • September 2023 (6)
  • August 2023 (7)
  • July 2023 (7)
  • June 2023 (5)
  • May 2023 (5)
  • April 2023 (5)
  • March 2023 (3)
  • February 2023 (2)
  • January 2023 (2)
  • December 2022 (10)
  • November 2022 (13)
  • October 2022 (12)
  • September 2022 (6)
  • August 2022 (4)
  • July 2022 (7)
  • June 2022 (8)
  • May 2022 (12)
  • April 2022 (10)
  • March 2022 (13)
  • February 2022 (8)
  • January 2022 (8)
  • December 2021 (9)
  • November 2021 (12)
  • October 2021 (17)
  • September 2021 (10)
  • August 2021 (11)
  • July 2021 (11)
  • June 2021 (11)
  • May 2021 (9)
  • April 2021 (15)
  • March 2021 (17)
  • February 2021 (16)
  • January 2021 (15)
  • December 2020 (20)
  • November 2020 (23)
  • October 2020 (10)
  • September 2020 (13)
  • August 2020 (20)
  • July 2020 (17)
  • June 2020 (20)
  • May 2020 (11)
  • April 2020 (18)
  • March 2020 (29)
  • February 2020 (17)
  • January 2020 (16)
  • December 2019 (34)
  • November 2019 (21)
  • October 2019 (17)
  • September 2019 (11)
  • August 2019 (19)
  • July 2019 (10)
  • June 2019 (15)
  • May 2019 (17)
  • April 2019 (12)
  • March 2019 (20)
  • February 2019 (1)
  • January 2019 (4)
  • December 2018 (2)
  • November 2018 (3)
  • October 2018 (1)
  • September 2018 (6)
  • August 2018 (6)
  • July 2018 (5)
  • June 2018 (8)
  • May 2018 (8)
  • April 2018 (5)
  • March 2018 (35)
  • February 2018 (9)
  • January 2018 (24)

Recent Posts

  • Leveraging AI to Navigate Complex Federal Proposal Developments
  • How to Choose the Right Sprinter Van for Your Needs
  • The Quantum Body: How Quantum Physics May Explain Human Consciousness and Healing
  • 3 Most Common Workplace Injuries (And How to Avoid Them)
  • Nanoprint Lithography: Pushing the Boundaries of Miniaturization
  • Top Tips for Setting Up the Perfect Home Office for Productivity and Comfort
  • 3 Tips For Setting Up The Perfect Entryway Space
  • Dangerous TikTok trends that Could Seriously Harm your Health
  • New Year Blues: 6 Post-Holiday Strategies to Boost Team Morale
  • Understanding Care Options Available For Your Grandparents

Facebook

The Task Lab

Footer

About US

Hi! I’m Laura and here at The Task Lab we are all about organization, productivity, technology and budgeting. We want to provide you with tools to enhance your daily life, with as little effort as possible. A lot of this has to do with building new habits, which we will talk about a lot. Read More…

Recent Post

  • Leveraging AI to Navigate Complex Federal Proposal Developments April 1, 2025
  • How to Choose the Right Sprinter Van for Your Needs April 1, 2025
  • The Quantum Body: How Quantum Physics May Explain Human Consciousness and Healing April 1, 2025

Facebook

The Task Lab

Copyright © 2025 · Daily Dish Pro on Genesis Framework · WordPress · Log in

COPYRIGHT 2018 ·The Task Lab