Top 5 Fast-Growing Cities to Invest in Real Estate for Significant Appreciation

Real Estate Expert Identifies 5 Fast-Growing Cities for Wealth-Building Opportunities

Allison Montgomery, a real estate agent, investor, and owner of Buy My House, has pinpointed five rapidly growing cities where investing in real estate could lead to significant appreciation in the next five years.

Boise, Idaho, is one of Montgomery’s top picks, with a home appreciation rate of 218% and yearly growth of 12% over the last decade. The city’s diverse economy and burgeoning tech industry make it an attractive market for investors looking to grow their wealth through real estate.

Seattle is another hotspot identified by Montgomery, with strong economic prospects, a robust labor market, and high rental occupancies. Despite its high median sale price of $818,000, the city’s housing market remains competitive, with prices increasing by 11.5% in March compared to the previous year.

Tulsa, Oklahoma, is also on Montgomery’s radar due to its significant jump in new home construction, with new homes accounting for 33% of single-family homes for sale in Q2 of 2023. The city’s affordable average home value of roughly $200,000 makes it an attractive option for budget-conscious buyers.

San Antonio, Texas, is experiencing a surge in population growth, with more Gen Zers moving to the state than any other. The city’s buyer’s market and average home value of $257,711 make it an opportune time to invest in real estate.

Charlotte, North Carolina, rounds out Montgomery’s list, with a growing population attracted to the city’s booming economy. Job growth is expected to increase by 45.2% over the next decade, making it an attractive location for real estate investment.

Overall, these five fast-growing cities offer promising opportunities for investors looking to build wealth through real estate in the coming years.