Top 5 States to Invest in Real Estate in 2022

Joseph Maharaj

July 18, 2022

Real Estate

If you want to invest real estate in 2022, New Orleans is one of the best places to do so. In the same way, Charlotte, Detroit, and Texas are all great places to buy property to rent out. But where should you put your money right now? Here are some of the best states to think about. Find out which cities will be popular in 2022 by reading on. These cities are proliferating and are likely to be good places to invest in real estate.

Real estate is an excellent place to put your money in New Orleans.

If you want long-term growth and your property value to go up, you might want to invest in New Orleans. About 390,000 people live there. With about 1.2 million people, the New Orleans metro area is even more significant. The U.S. Census Bureau says that by July 2020, there will be 1,272,258 people living in the metro area. This was almost 95 percent of the city’s population in 2000.

In 2022, Charlotte will be an excellent place to buy a rental home.

If you already invest in real estate or are thinking about it, Charlotte is an excellent city to think about. The real estate market is competitive and a good place to make money in the long run. The city is getting bigger, but there aren’t as many places to rent as people who want to buy. Because of this, landlords have a great opportunity to charge premium rent. And because there isn’t enough, prices will keep going up.

Real estate is a good place to put your money in Detroit.

If you want to invest in real estate in the coming years, you might want to consider Detroit. It has a strong real estate market that includes both homes and businesses. Compared to other big cities, the prices are pretty low. Rent is also pretty cheap in Detroit. The median home price in the city is still lower than the national average. Buy-and-hold real estate investors can use the housing affordability index to determine if Detroit is a good place to buy property. Kiplinger puts out “housing affordability index reports,” which rank the cost of living in the largest cities in the U.S. on a scale of one to ten.

Buying property in Texas is a good idea.

In a recent article, the New York Times asked, “When will Texas’s housing market get back to normal?” The article was mostly about Austin, one of the most popular cities in Texas. Even though home prices are expected to rise by about 21% per year until 2022, the city’s median price had already gone down since Q3 2021, when it was at its highest. People from all over the country are moving to Texas because of its strong real estate market.

In 2022, Austin will be a good place to buy a rental home.

Even though unemployment is low in Austin, the housing market is still doing very well. Austin’s growth is driven by a lack of homes for sale and a tight rental market. Large tech companies like Tesla are also moving to the city. As of Q3 2020, the median home price in Austin had gone up by 33%. It is the capital of the state and the 11th largest city in the country. As a result, real estate investors can find great deals there.

In 2022, Tampa will be a good place to buy a rental home.

Over the next three years, Tampa’s real estate market will likely grow. There are many places to rent in the city, including places for people to live. Florida’s real estate market is strong, and prices should keep going up in future years. Investors can buy properties now, hold on to them for a while, and then sell them for a higher price if they think the value will go up. Short-term renters or travelers can also get a house or apartment in Tampa.

Albuquerque is a good city to buy property in.

Albuquerque is a great place to invest if you’re looking for a great chance. The city is growing like crazy, and in 2021, the city’s gross receipts tax was 22.7 percent. If you manage rental properties, you might want to move to this city because it has very low property tax rates.