2022 has been a dynamic year in real estate. What began as a mass grab for properties sight unseen has promptly turned into a more subdued yet very much seller’s market. Thankfully, real estate investors who diversify their portfolios can gain access to markets that are trending in growth, capitalizing on emerging and growing cities.
However, investors who diversify their portfolios understand that not all markets are the same. While some places go up, some remain stable, and others may even slow down in growth. Knowing when and where to acquire properties and when to cash out before a decline is key to profits. Right now there are many places in the country that are slated for growth and present valuable opportunities for real estate investors of all scales.
Marketplace Homes is a nationwide property management company that helps investors stay on top of all their investments around the country. If you’re looking to diversify your portfolio, here are some of the best places to invest in real estate. These are markets in which we actively participate.
Since we partner with most of the nation’s top builders, you get inside access to new construction investments in emerging markets as well. If a place is slated for growth, you can be among the first in these areas that can later become established, high-value markets. So what are the top cities to invest in real estate?
What Are The Best Cities to Invest in Real Estate?
Since Marketplace Homes partners with the nation’s top builders, we get expert insights into growing and emerging markets. Our special incentive programs like Sell & Stay streamline the process of buying new builds while providing unique conveniences and incentives for buyers. When you partner with our real estate experts, you will get access to investments in many exciting markets around the country. Diversify your portfolio by exploring where our builder partners are developing in the upcoming months!
Phoenix, AZ is the nation’s fifth-largest city and one of the best places to live in the West. Known for its many career opportunities and excellent outdoor recreation, residents enjoy a vibrant city lifestyle. Phoenix is also experiencing incredible real estate growth due to the ample opportunities here. Everyone from college grads to growing families are relocating to the city that is home to five Fortune 500 companies. Right now, home values have appreciated by 26.59% in 2022 alone.
Michigan is a beautiful state that allows its residents to soak in all four seasons. Locals enjoy the state’s natural beauty, by hiking, biking, fishing, and spending time at its many waterfronts. While the east side of the state gets a lot of attention because of Detroit’s cityscape, the west also has much to offer. This is why some of the nation’s best builders are here establishing new builds.
Right now, some of the nation’s top builders are making new construction homes in the Lansing/ West Michigan area. This is in response to growing demand and rising property values in this part of the state. In fact, in August 22, 40.7% of homes in Lansing sold above asking price. West Michigan, like the rest of the state, has areas of moderate pricing and high rental rates, which makes an attractive option for many investors. There are also great schools, affordable prices, and excellent health care and universities nearby.
Memphis TN is a place you should not miss. Not only have home values increased by 22.1% over the past 12 months, they have appreciated by at least 71% in the past 5 years. It’s just one of the many cities in the south that are getting a lot of attention as people relocate and plant roots in search for the best place to live.
With more than 60 unique attractions across Memphis, you’ll find plenty to do in the city. Whether you’re looking for relaxation, excitement or classic memory-making, Memphis will take you through famous sites like Elvis Presley’s Graceland and the Stax Museum of American Soul Music.
Downtown Memphis is also a gem. Locals love the amazing museums, shopping, and fine dining in this hot spot in the city. The National Civil Rights Museum and other landmarks tell of Memphis’ powerful place in civil rights history, plus exciting activity around the Mississippi Riverfront.
Baton Rouge, LA
Louisiana is another Southern state that offers some good investment opportunities. Its capital, Baton Rouge, currently has a stable real estate market, which is good news for builders and property managers. The city is near top universities, breathtaking scenery and a vibrant local culture to boot. It’s also just a short drive from Historic New Orleans, which is known for its amazing food, music and culture.
Locals enjoy plenty of activities to fit diverse lifestyle needs. Whether you’re taking a nature hike with your kids at Bluebonnet Swamp Nature Center, enjoying a romantic evening in downtown Baton Rouge, or discovering local culture in the Arts & Entertainment District – the Baton Rouge community offers a variety of ways to help make your new house a home.
Our builder partners offer some stunning, spacious floor plans in these areas in Baton Rouge and the surrounding areas like Denham Springs, Slidell, Covington, and Hammond. If you are looking to live further East, Ponchatoula, Covington and Slidell offer amazing communities all along the North side of Beautiful Lake Pontchartrain.
The Motor City was destined to make this list. Over the past 5 years, home values have increased by around 103% in Detroit, making it one of the best places to invest in 2022. Not only is it the center of the U.S. auto industry, it’s undergoing some serious revitalization. Major employers are a large driving factor behind this growth.
The Big Three auto manufacturers are here, as well as Quicken Loans, Ally Financial, and DTE Energy. In 2021, Apple also announced it was opening its first Developer Academy in the city.
Detroit’s low home prices combined with its super-high home value appreciation rate make it an attractive place to get in on the ground floor of this exciting American success story with an investment property of your own.
Jacksonville has one of the fastest-growing populations in the country. The cost of living in the city is 17% below the national average, which makes it an attractive place to anyone looking for a great deal. Not only that, but investors have had their eye on this city for quite some time, especially since home appreciation rates here are among the highest in the nation at 17.64% percent, per year.
This family-friendly city is geared for relaxation and adventures, with plenty 22 miles of beaches, an extensive park system, world-class fishing, historic neighborhoods, eclectic museums, vibrant street arts scene, creative coastal cuisine, delicious craft beer, and so much more!
Charlotte has remained one of the consistently fastest growing areas of the US. It’s the largest city in North Carolina and a beacon for professionals looking for a fresh start. After all, Charlotte is home to some of the largest financial institutions in the country, making it the second largest banking center in the US.
When it comes to investments, Charlotte saw its median home value increase by 23.5% in 2022 alone. There is no sign of this momentum slowing since the city continues to attract people from all over the country looking for an exciting lifestyle. Locals enjoy attending games from professional sports franchises and vibrant arts culture in the city.
Atlanta, also known as “The Big Peach” or “New York of the South,” is one of the most exciting places to live in the nation. Not only is the cost of living still low compared to other major cities, locals enjoy a bustling city center with seemingly endless entertainment and opportunities. People from all over the country are flocking to this growing metropolis that enjoys a stable job market, award-winning restaurants, mild winters, copious amenities, steady home value growth of 8.4% per year, and plenty of southern charm.
When good things happen, everyone is bound to catch on. Investors have also noticed Atlanta’s incredible progress and potential, resulting in exciting new builds and urban growth. An influx of new residents obtaining lucrative careers means Atlanta is a solid emerging market. In recent years, it has become one of the most sought-after places for investors to add to their portfolio.
Augusta’s official city motto is “We feel good,” and it’s not hard to see why. This pleasant community bursts with natural beauty and historic charm. Though it’s best known as the home of the Masters Golf Tournament, it’s also a growing city that attracts new residents with its excellent cost of living and career opportunities in medicine and manufacturing. It’s also home to Fort Gordon and U.S. Cyber Command.
Having ranked as the top metro area in Georgia to live and retire in the U.S. News & World Report, The Garden City shows no signs of losing its appeal to new residents. In fact, home values have risen by 20% this year already. This presents an excellent opportunity for builders and investors.
Mild winters make outdoor living a possibility year-round, making it easy for residents to enjoy activities along the Savannah River, tour historic sites, and enjoy the thriving arts presence in the city. If it ever gets too cold (which is not often), you can head inside and explore the local museums, farm-to-table dining, or experience the wonders of live music at the many theaters, arenas, and bars in the city.
Diversify Your Portfolio with Marketplace Homes
As you can see, there are still many opportunities out there where people are flocking to get beautiful homes and investments in Emerging Markets. Hop on these opportunities while prices are still low and the areas are growing. Catch on to the good ideas first and reap the rewards in the future. If you want to diversify your portfolio, release Properties, or meet other real estate needs, contact the real estate experts at Marketplace Homes today.
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Alicia Persson is the real estate content writer for Marketplace Homes. She has several years of experience working in real estate teams that specialized in investments and property management. Before she joined MH, she was a freelance writer for 7 years, providing real estate and home living content for boutique digital marketing agencies.
She is a proud University of Virginia master’s graduate and enjoyed her undergraduate years at the University of Mary Washington. When she is not writing, she plays keytar and does female lead vocals in a local 90’s band or spends time with her amazing family.