With the housing market stabilizing and last year’s dramatic price increases behind us (on a national basis, at least), it’s not as easy to quickly flip homes for a profit. Instead, now might be a good time to think about buying housing to hold for the long-term.
Whether you’re an investor looking to pick up a few rental properties or a young professional interested in purchasing a first home, there are plenty of places where housing should be a pretty safe bet. The key is to buy in cities with strong job growth that people are moving to, so that the stock of potential tenants for would-be landlords is abundant. Forbes teamed up with Local Market Monitor, a North Carolina-based data company that tracks home prices and economic factors in more than 300 housing markets, to find 2015’s Best Buy Cities—the top 20 housing markets to invest in this year.
- Austin-Round Rock, TX
- Provo-Orem, UT
- Houston-Baytown-Sugar Land, TX
- Orlando, FL
- Dallas-Plano-Irving, TX
- San Antonio, TX
- Denver-Aurora, CO
- Boise City-Nampa, ID
- Oklahoma City, OK
- Fort Worth-Arlington, TX
- Phoenix-Mesa-Scottsdale, AZ
- Salt Lake City, UT
- Atlanta-Sandy Springs-Marietta, GA
- North Port-Bradenton-Sarasota, FL
- West Palm Beach-Boca Raton-Boynton Beach, FL
- Jacksonville, Fla.
- Minneapolis-St. Paul-Bloomington, MN-WI
- Tacoma, WA
- Sacramento-Arden-Arcade-Roseville, CA
- Grand Rapids-Wyoming, MI