Best US Places To Buy Property in the Next 5 Years, According To Real Estate Experts

There’s always money to be found in real estate if you know where to go. Whether you’re looking to move or buy investment property, research is key.

The real estate market can be difficult to predict. But, there are signs that an area will be worth the investment in the coming years. First, the economies are stable, and even on the uptick. Second, home values continue to appreciate, rather than depreciate. Third, there will be multiple job opportunities and low poverty rates.

We’ve scoped out the advice of many real estate experts, including brokers and agents, online to see where they feel the market will give you the best deals within the next five years.

Ohio

Ohio features prominently on this list for several reasons. First, the economies in several cities and towns are on the rise. That means more opportunities for growth, including jobs.

It’s a good state for real estate investment as well. Landlords can rent properties out for more than the cost of a mortgage, especially if they manage to snap up property at a deal.

Toledo

Toledo is in northwest Ohio, nearly to the border of Indiana. The area has a lot of projected growth over the coming years, which makes it an attractive option for both those looking to move to the area or buy an investment property to rent out.

Currently, the average home price in Toledo is $130,000, an increase of 11% over 2023.

Dayton

Dayton is more south, between Columbus and Cincinnati. The city has seen an economic uptick in recent years and some good job opportunities arise as a result. There are plenty of attractions and employers in the region to make it a good investment.

The average home price in Dayton as of August 2024 is $134,000, which is a 6.3% increase year-over-year.

Columbus

Columbus, Ohio, has a lot going for it. There is a huge arts scene and plenty of green spaces and museums. In addition to that? You can see the city’s entrepreneurial spirit on display. There are major employers, including a large hospital system, and the population has grown exponentially.

In August 2024, the average home sale price in Columbus was $290,000. That’s a 4.3% increase from the year prior.

New Albany

New Albany also made our list of the richest small towns in the country. It’s growing significantly with 10,500 people calling the region home and plenty of large employers like Amazon and Axium Plastics.

Currently, the median property value in the town is $634,600. That’s a 6.5% increase, according to Zillow.

New York State

New York is another one of those states that feature prominently on our list. It’s a very large state, that is often pigeonholed into two regions: upstate and the city.

The truth is New York is a very diverse state that has every kind of region imaginable, from the metropolitan to Long Island, to very rural areas, and everything in between. It’s only natural that a state with such complexity would fall on our list not once, but three times.

Buffalo

Buffalo is a city in western New York, sitting on the east side of Lake Erie. You’ll find a lot of history here, and two major sports teams in the NFL and NHL. It’s also known as the City of Trees thanks to its numerous parks.

This year, the average home in Buffalo was $184,000, which is just a 0.2% increase since last year. However, experts predict it will continue to increase.

Syracuse

Syracuse is a central New York city and it’s the state’s educational and economic hub. There are many employers, including the state university system, and convention sites, which make it a big business draw.

The average home price in Syracuse in August 2024 was $165,000, which was an 8.2% increase from 2023.

Hudson Valley/Catskills

Having once lived in the Hudson Valley, I can attest to its stunning beauty. The mountains and valleys alone are a significant part of the reason people move there. However, it’s also an economic dream. There are many large companies and hospital systems that draw people from around the world.

The Hudson Valley is so expansive, encompassing several towns and cities, but the average home value is around $862,000, which is a whopping 118.2% increase.

Boise, Idaho

Boise, Idaho is a city where the residents enjoy a low cost of living with a high quality of life, a combination that can’t be beat. It’s also a good mix for an investor or someone looking to move to the area.

Last month, the average home cost was $490,000, which was a 3.2% increase from the year prior. Plus, the area is only continuing to grow.

Riverside, California

The major draw of Riverside, besides its temperate climate, is the fact that it’s very close to major cities like Los Angeles, San Diego, San Bernardino, and Anaheim. Yet, you don’t feel it.

Experts believe that the area is bound to grow. Currently, homes in the region cost around $660,000, which was a 7.8% growth from the year prior.

Austin, Texas

Austin, Texas, is a booming area that’s been growing. Not only that, but it’s projected to continue growing over the next few years. It’s the Live Music Capital of the World and is a great combination of history blended with modern times.

Buying a home in Austin will set you back $546,000. Though that’s a 2.8% drop from last year, that trend isn’t expected to last.

Las Vegas, Nevada

Sin City is more for just gambling, though that’s a huge part of the city’s legacy. The economy in the region is on the upswing and the area is rife with job opportunities left and right.

The home price is currently around $465,000, which is an increase of 5.9% from 2023, and it’s only going to increase. Plus, there are significant deals to be found, so investors can come in and find properties to flip or manage.