The year of 2017 has come! So, we want to stay in touch with the best real estate opportunities at any moment. Therefore, we did a research on where to invest in property this year. We considered various factors. Also, we thoroughly researched everything and came out with the solutions. So, in case you are about to invest in real estate market in 2017, you may have the complete information what’s going on in the market. And it is very important for any kind of investment, especially purchasing a property. Being that it takes a serious amount of money. Read this article and find out the best USA real estate investment opportunities for 2017. The real estate market of most of the States is reliving in recent years. This might be top investing opportunities of any kind. We suggest you consider those USA cities as serious investment chances.
The best USA real estate investment opportunities for 2017
Denver, the first choice for property investment in the USA during 2017
That’s right. You read it well. Denver is the best choice for any kind of purchasing in the USA. Well, maybe not the top city for any kind of investment, but certainly among the top places. Colorado is having one of the best economies in whole States. And Denver is the top city in the USA for economic growth rate. And it’s been among top 5 in last several years. That’s why the environment here is friendly for investment, and the real estate market in Denver, and in Colorado as a whole, is maybe the healthiest property market in the world. Therefore we put Denver top the best real estate investment opportunities for 2017 list.
Talking about the real estate of Denver, we shall mention some information crucial for you. The value of residential real estate grew 10% during the last year and the forecasts are that the growth will continue at least until 2020. So, buying a home in this USA city shall ensure your profit if you sell it in several of years, and you may also earn renting it because the prices for that are very good for the landlords and homeowners at the moment. TMedian home price in Denver is around 560.000$. The average return on investment is 2.77%. And the average rental income is around 2500$. Another great information is that short-term rentals are legalised recently. It is important because rental incomes for this kind of rentals are a lot higher. The rental price for rents up to 30 days is around 3500$ on average.
Chicago, the old gem for USA realty investment is being lively in 2017 again
The economy comes first in most of the arguments why you should or should not invest your money somewhere. The USA real estate market is not any different. That’s why we shall mention that the unemployment rate fell from 5.9% to 5.6% Illinois. And Chicago is the leading city of the Illinois economy. Also, you may feel, a slight, but notable, increase in the life standard of Chicago inhabitants. The forecasts for the economy of Chicago are bright for 2017!
Speaking of the home sales, they weren’t as high in 2016 as in 2015. But, also, there are predictions that there will be more real estate sales in Chicago in 2017 than in 2015. It is a great forecast for those intending to purchase a home in this USA city. Another advantage of Chicago is the number of tourists that visit it every year. Because short-time rentals are very popular lately, and they bring the higher income than the regular ones.
If we want to measure the Chicago real estate market in numbers, we should say that the median home price is around 700.000$. It is not too cheap, but having in mind that the CoC return is 2.6%, the regular rental income is 1800$ and short-time rental 2600$ on average, you’ll realise why we put Chicago among best USA real estate investment opportunities for 2017. Another thing we should mention and that is the forecast of the average rise of 8% for the first quartal of 2017!
Seattle, the third among the best USA real estate investment opportunities for 2017
This is the best example of how the economy influences the growth in real estate market. The unemployment rate in Seattle is only 4%, and with further decrease predicted. Nothing weird if you know how many high-tech companies are placed here. Mentioning Amazon, Microsoft, Starbucks and T-mobile should help you realise how great job market is here. And there are plenty more great companies here. That is the main reason people are coming here all the time. Another reason is the tourism. More and more tourists visit Seattle every year. Not too odd knowing that Seattle has so much to offer(Museum of flight, Seatle space needle, Lake Union…).
With the previously mentioned data, it should be very clear why we suggest the investment in this American city is a great idea. To furtherly explain it, we shall say that Seattle is among the cities with almost all short-term rental capacities filled for a bigger part of 2017. And the average short-time rental income is around 2300$ a month. For the regular rentals, it is around 1400$. That’s why investing in a rental real estate of this city of the USA means investing in certain income in the future. Another reason why Seattle is among best USA real estate investment opportunities for 2017 is the capital gain. The median home price is 700.000$ at the moment. And it’s been growing for a while, with predictions to furtherly grow. The return rate for Seattle realty investment is 1.4%.
Top reasons why these three cities are the best USA real estate investment opportunities for 2017:
- Denver: High-growing economy; Healthy realty market; Significant rental income; All in all, among those three best USA real estate investment opportunities for 2017, Denver is strong in the first place!
- Chicago: Forecasts on growing number of property sales in 2017; High return investment rate- 2.6%; We may conclude that Chicago is back on the track, talking about best opportunities to invest in property in the USA.
- Seattle: Top USA high-tech companies with top salaries; High demand for short-time rentals; The third choice all in all, but maybe the best US city to invest in a short-time rental real estate.
In the end, have a look at some news about the USA real estate market forecasts for 2017: