With the real estate market continuing to grow in 2022 and 2023, many investors are looking for the best places to invest in real estate across the United States. The most lucrative real estate markets offer high rental demand, affordability, population and job growth. By analyzing factors like home prices, rents, taxes and more, we’ve identified the top 10 best states for real estate investing this year and next.
Texas Offers Strong Job Growth and Affordable Housing Prices
Texas has become one of the hottest real estate markets thanks to a strong economy and growing population. Major metro areas like Dallas, Houston and Austin have seen rapid job expansion, driving up demand for housing. Home prices and rents remain relatively affordable compared to other large cities. The state also has favorable taxes for landlords. With no state income tax and low property taxes, Texas is poised for continued real estate investment growth.
Florida’s Tourism and Retirement Communities Create Rental Demand
Florida has long been popular with real estate investors due to its warm climate, tourism industry and retirement communities. Steady population growth plus a strong job market has led to rising rents, especially in cities like Miami, Tampa and Orlando. While home prices have climbed quickly, property taxes remain low. Landlords also benefit from the state’s landlord-friendly laws.
North Carolina Offers Affordability and Quality of Life
North Carolina combines affordable home prices with a high quality of life and strong job market. The Research Triangle region continues to attract new residents with tech, medical and academic jobs. Other major cities like Charlotte and Raleigh have also seen population booms. While rents and home values are rising fast, they remain below national averages. Low property taxes are another plus for real estate investors.
Tennessee’s Major Cities are Magnets for Businesses and New Residents
Major Tennessee metros like Nashville, Memphis and Knoxville have become magnets for corporate relocations and new residents. This influx of jobs and people has led to booming rental demand and fast home price appreciation. Rents and property values remain relatively affordable for now, while taxes are low. With no state income tax and moderate property taxes, Tennessee checks many boxes for savvy real estate investors.
Georgia Offers Affordability and Strong Population Growth
With relatively low home prices and rents plus strong population growth, Georgia is an appealing real estate market. The job market is thriving in Atlanta, Savannah and other metro areas, bringing new residents. While home values and rents are rising quickly in cities, prices remain affordable compared to other states. Georgia also benefits landlords with no state income tax and reasonable property taxes.
For real estate investors looking to buy rental properties and flip houses in 2022 and 2023, Texas, Florida, North Carolina, Tennessee and Georgia stand out as the top states to target thanks to their affordability, strong rental demand and favorable taxes.