Top 10 US Property Markets

Top 10 US Property Markets

There are 10 US property markets that you should be paying attention to. Provided by you by AbodeStory.

Cities-10

Boston: Boston is a hub for higher education, so housing value remains constantly growing as more and more students are pursuing higher education. Additionally, due to a high number of startups, contributing to a higher demand for residential and office properties. Boston has seen a 1.6% population increase and a 2.1% employment total increase. Millennials account for 21.7% of the total population. Median home prices have grown 4.9% between 2014 and 2015. 

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Austin: Austin is an attractive city for property investments and developments due to the millennial generation. Local property owners and developers are expressing confidence in the strength of the economy and strength and potential of their city, so growth and investment opportunities stay strong. Austin has seen a 2.5% population increase and a 4.1% employment total increase. Millennials account for 24.6% of the total population. Median home prices have grown 3.3% between 2014 and 2015. 

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San Francisco: San Francisco remains in the top 10 of US property markets. It is home to a continually booming tech market, and as a hub of travelers, making hotel and office property sectors extremely favorable. San Francisco has seen a 0.9% population increase and a 3.0% employment total increase. Millennials account for 23.0% of the total population. Median home prices have grown 2.8% between 2014 and 2015. 

Cities-07

Houston: Houston is ranked first for it’s investment and development opportunities for multiple property sectors. Houston is doing very well for industrial, retail office, and multifamily sectors. Houston has seen a 1.7% population increase and a 3.8% employment total increase. Millennials account for 21.8% of the total population. Median home prices have grown 7.2% between 2014 and 2015. 

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Charlotte: Charlotte is growing heavily due to the the banking and financial services industry, as well as a startup vibe. Charlotte remains strong and stable for the residential property sector. Charlotte has seen a 2.1% population increase and a 2.9% employment total increase. Millennials account for 23.4% of the total population. Median home prices have grown 6.1% between 2014 and 2015. 

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Raleigh/Durham: Raleigh/Durham is an emerging market attracting millennials as more corporate and smaller companies are moving in. Residential and apartment property developments are popular, property values continue to rise, which also benefits the value of multi-family properties. This market has seen a 1.7% population increase and a 3.1% employment total increase. Millennials account for 20.7% of the total population. Median home prices have grown 0.0% between 2014 and 2015. 

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Dallas: Dallas is attractive for its strong job growth in combination with a low cost of living. Property owners in the single-family housing, industry, and office sectors are most popular. Dallas has seen a 2.0% population increase and a 3.8% employment total increase. Millennials account for 21.2% of the total population. Median home prices have grown 5.2% between 2014 and 2015. 

Cities-02

Los Angeles: Los Angeles remains in the top for its stable job growth, but more importantly, growing hospitality market. Los Angeles has seen a 0.6% population increase and a 2.6% employment total increase. Millennials account for 23.5% of the total population. Median home prices have grown 9.9% between 2014 and 2015. 

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Denver: Denver is becoming a quick favorite, especially amongst millennials. However, there are some concerns that Denver will go through a cooling-off period. Denver has seen a 1.7% population increase and a 3.2% employment total increase. Millennials account for 21.8% of the total population. Median home prices have grown 7.2% between 2014 and 2015. 

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Seattle: Seattle is driven by the technology industry, attracting a big number of millennials, especially young skilled labor. Seattle has seen a 1.3% population increase and a 2.6% employment total increase. Millennials account for 22.6% of the total population. Median home prices have grown 4.4% between 2014 and 2015. 

Source: Emerging Trends in Real Estate 2015 from ULI (Urban Land Institute) and PwC