Leah Rose July 26, 2024
Top 5 States for Buying Property in 2025, According to Real Estate Experts
Despite rising housing prices across the US, there are still opportunities for good deals in the property market. The type of home and location are crucial factors in finding these opportunities.
1. Tennessee
Tennessee has experienced significant growth, making it a promising state for real estate investment in 2025. The lack of state income tax boosts purchasing power, attracting many new residents. Key markets include Nashville, Chattanooga, Knoxville, and Cookeville, which offer opportunities for value appreciation.
2. North Carolina
North Carolina's relatively low state income tax and property taxes make it an attractive option for buyers. The state boasts strong job creation and migration trends, with a moderate climate less exposed to extreme weather compared to other Southeastern states. This combination supports a robust housing market forecast.
3. Florida
Florida, with its absence of state income tax, continues to attract residents seeking a warmer climate. Despite the risk of hurricanes, cities like Jacksonville, Orlando, and Tampa are growing rapidly. Real estate developers in these areas are offering mortgage incentives, making it an appealing market for buyers.
4. Arizona
Arizona, particularly the Phoenix metro area, is experiencing growth due to well-paying job opportunities and a relatively low cost of living compared to cities like San Diego or Los Angeles. The state's flat income tax rate and affordable property taxes and insurance costs contribute to a strong demand for housing, pushing up purchase and rental prices.
5. Idaho
Idaho is gaining attention for its low population density and excellent outdoor recreation options. Boise, the state capital, is becoming increasingly popular, especially among Millennials. The city's trendy downtown and overall growth make Idaho a promising state for real estate investment in the coming years.
Stay up to date on the latest real estate trends.
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Over twenty years of comprehensive experience in direct sales, marketing, and management within the real estate industry. I enjoy entrepreneurial activities creating awesome opportunities for others, building client relationships as well as relationships with business partners and employees.