Our Top 10 Up & Coming Cities for 2019

Posted by Brian Enright on Friday, March 22nd, 2019 at 1:45pm.

 

You've likely heard some less familiar names coming up in discussions of hot real estate markets. San Francisco, New York, LA and Chicago are still amazing places to live. However, cities such as San Antonio and Nashville are making the news by becoming some of the biggest boomtowns of the year. These cities are experiencing some of the fastest population, economic, and job growth in the country. Here is the list of our top ten Highrises.com up-and-coming cities, 2019 edition.

 

1. Atlanta, Georgia

Atlanta is pretty friendly to builders, but that isn't stopping people from buying up inventory faster than it comes on the market. Consider a pre-construction sale if you want to compete with the wave of buyers moving here. 

Essential stats:

Median household income: $53,843

Median home price: $224,100

Building permits up 72.2 year-over-year (October 2018)

2. Austin, Texas

Austin just got big news that will certainly change the housing market: Apple is adding 5,000 new jobs. Sales volume in the metro area was already high, and it's bound to go higher.

Essential stats:

Median household income: $66,697

Median home price: $318,200

Sales volume up 5.6% year-over-year (November 2018) 

3. Charlotte, North Carolina

It's no secret why Charlotte is booming — there's been an explosion of finance jobs. That's reflected in a higher median income, but not necessarily in higher home prices.

Essential stats:

Median household income: $61,017

Median home price: $245,000 

4. Dallas, Texas

Dallas was in a boom for several years, driven by new jobs and high demand for the urban lifestyle the city offers. There's evidence that the housing market is diversifying by developers now adding more affordable housing.

Essential stats:

Median household income: $47,243

Median home price: $262,100

5. Denver, Colorado

The mile-high city has plenty of culture and recreation. One spot to watch is up-and-coming West Colfax, but the CBD and DTC are also great markets.

Essential stats:

Median household income: $61,105

Median home price: $450,100

6. Fort Worth, Texas

Fort Worth, like its neighbor, Dallas, could be a good place to look for luxury apartments in the coming year. There's been a huge increase in new home supply over the past years, which gives you plenty of options.

Essential stats:

Median household income: $56,428

Median home price: $262,100

7. Las Vegas, Nevada 

Las Vegas is a famous vacation destination, but more people are settling down here. High-end towers with luxury appointments are the norm, especially on the strip.

Essential stats:

Median household income: $51,115

Median home price: $294,600

8. Nashville, Tennessee

Nashville is the capitol of Tennessee and is legendary for it’s music scene but people have begun flocking to Music City for more than entertainment. The city’s job market, especially for tech is strong, the cost of living is relatively low, and there is a ton of excitement and opportunity.

Essential stats:

Median household income: $54,310

Median home price: $262,000

9. Orlando, Florida

Known as the “Theme Park Capital of the World”, Orlando is a bustling city full of fun, history, culture, and industry. Whether you are looking for work in aerospace, hospitality, technology, media, or anything else, Orlando has jobs. Which is a big factor in its growth over the last year, continuing into 2019.

Essential stats:

Median household income: $46,761

Median home price: $266,000

10. San Antonio, Texas 

In 2018, San Antonio was the fastest growing city in the United States and there is no sign of it’s growth slowing any time soon. It has a relatively low cost of living and a booming economy and job market but not only that, it’s a great place to live. There’s plenty to do, a rich history, and an incredible sense of community. 

Essential stats:

Median household income: $49,268

Median home price: $231,800

 

You may want to look away from the coastal mega-markets for your next investment opportunity. Check out our nationwide directory of condos, complete with up-to-date property information from regional pros.

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