Best Cities To Buy a House in 2024
May 13, 2024
High interest rates and home prices (Which rose 6.4 percent in February), have made it more difficult for would-be homeowners to make their dreams come true. However, that does not mean that you cannot find the perfect home to purchase in 2024. Even high interest rates cannot stop the upward trend of housing prices, making a home a great investment, especially if you buy in a city that will itself grow in attractiveness over time.
If your budget is more generous, we have a list of 10 United States cities for you to explore. Each of these cities presents their own desirable features that make them a great place not only to buy real estate but also to live a full and rewarding life.
What makes a city a good place to buy a home in 2024?
Not every city is created equal. While home prices, for example, may be lower in one city than in another, the more expensive city might actually be a better place to buy, thanks to its ability to offer a better education, a higher quality of life, and more job opportunities. Before you purchase a home, make sure the city where you hope to buy is a place where home prices are likely to grow and a rich life is within reach. Here are our 10 top features to look for in a city in 2024.
Strong Job Market
Employment opportunities provide financial stability and ensure that you have the income necessary to support homeownership and a comfortable life. Plus, they tend to attract homebuyers, making it likely that your home will appreciate in value over the years.
Affordability
Housing affordability may seem unrealistic in an age of rising interest rates and home prices. However, some cities are more affordable than others. Look for a place where housing prices fit the average income, and where there are a range of housing options and prices from which to choose.
Quality of Life
The better the life a city offers, the more attractive it is, to you and to other homebuyers. Look for amenities that affect every area of your life, from exceptional healthcare to a great education, accessible transportation to cultural attractions and lots to do.
Safety and Security
Alongside quality comes security. Feeling safe in your new city is vital if you are going to live comfortably for many years in your home. Look for a location that has a low crime rate and a reputation for community wellbeing and strength.
Education
If you have children, or hope to pursue a higher education for yourself, you need a city where access to a quality education is easy. Look for a place where reasonable home prices intersect with highly-ranked school systems and reputable universities.
Infrastructure and Transportation
A city that will support a thriving home market for the long-term will invest in well-developed infrastructure and accessibility. From roads to public transportation, the right city should make it efficient to get around.
Future Growth Potential
A stagnant city will not be a good place to invest in a home. Choose a city where future infrastructure plans, carefully design urban development a steady trajectory of employment and industry growth, and a strong economy promise growth over time. These cities are most likely to offer home investments that will reward you financially over time.
10 Best Places To Buy A House In America
Based on the factors above, here are 10 of the best cities to purchase a home in 2024.
Austin, Texas
Austin is a robust city overflowing with jobs, growing rapidly in its embrace of technology, and offering a wide array of neighborhoods from which to choose. Add in an affordable housing market and vibrant cultural attractions, and it offers both opportunity and community for professionals and families alike who wish to settle here.
Denver, Colorado
Denver is a beautiful city in the middle of the Rocky Mountains. Ideal for nature lovers and outdoor adventurers, this city also delivers urban sophistication and a strong economy supported by many different industries. Add in its many different types of neighborhoods and homes, and it offers a beautiful place to live for almost anyone.
Raleigh, North Carolina
Raleigh sits in the popular Southeast with beautiful year-round weather and access to numerous renowned universities, hospitals, and research institutions. With abundant tech jobs available at Research Triangle Park, the city is also ideal for a highly-skilled workforce, while still offering affordable home prices.
Phoenix, Arizona
Phoenix is a sun-drenched paradise, offering warm weather all year, affordable housing, and endless job opportunities. Choose from industries such as healthcare, finance, and manufacturing. Find a strong job market, and a lower cost of living, and pay less than you would expect for beautiful homes.
Charlotte, North Carolina
Also located in the desirable Southeast, Charlotte is known for its charm and strong banking and financial services. Expect to find many jobs here, along with rich historic districts, modern amenities, and a high quality of life set in an appealing urban environment.
Nashville, Tennessee
Known as the “Music City,” Nashville is the place to live if you love entertainment and want to find a job in industries such as healthcare, music, and technology. Plus, its homes are set in diverse neighborhoods that allow you to find the price and the lifestyle you desire.
Atlanta, Georgia
Atlanta is a mecca for professionals, with abundant jobs in industries such as logistics, media, and technology. In addition, Atlanta is known for its unique neighborhoods, including historic districts, modern developments, and family-friendly oases.
Salt Lake City, Utah
Salt Lake City may not be as well-known as the other cities on our list, but with a backdrop of the Wasatch Mountains, it is a beautiful and appealing place for anyone who enjoys outdoor recreation. In addition, the city is home to a thriving tech sector, a healthcare industry, and a finance industry. Ski, hike, work, and more, all in a homebuyer market that is relatively affordable.
Dallas, Texas
Dallas is a perfectly situated center of commerce and culture in Texas. Its diverse economy ensures abundant job opportunities, while its location in Texas offers an affordable home-buying field. Choose from a wide range of neighborhoods and support the lifestyle you prefer.
Seattle, Washington
Seattle, Washington, is set in the picturesque Northwest and serves as a top destination for homebuyers. The home of giants such as Amazon, Microsoft, and Boeing, the city is the perfect place to land a high-paying job. Eclectic neighborhoods add interest and diversity to the homebuying journey, and the city is known for its vibrant and appealing culture.
If you are moving to any of these cities, or anywhere else in the United States, look for a mover with the expertise, full-service support, and local knowledge you need to move effortlessly. Choose Atlas Allied. We have everything you need to restart your life in the perfect location.