Norada Real Estate Investments recently revealed its 21 best cities for real estate investment in 2022 and 2023, and Houston made the list.
The firm looked at data and trends across the U.S. to determine its rankings, noting each city has its “own set of qualities and disadvantages, but many of them are less expensive than the national average.”
Norada described Houston as “one of the all-time best places to invest in real estate,” noting its strong economy and employment opportunities. The average home is valued at $412,000 with an average rental income of $1,550. Houston is a “very active real estate market,” Norada said, meaning it’s relatively easy to exit an investment property. It ranked Houston No. 2 on its list.
The best cities for real estate investment in 2022 and 2023, according to Norada Real Estate Investments:
- Boise, Idaho
- Houston
- Dallas
- Las Vegas
- Atlanta
- Orlando
- Tampa
- Spokane, Washington
- Chicago
- Austin, Texas
- Columbus, Ohio
- Lakeland, Florida
- Ocala, Florida
- Birmingham, Alabama
- Durham, N.C.
- Charlotte, N.C.
- Colorado Springs, Colorado
- Denver
- Raleigh, N.C.
- Phoenix
- Seattle