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In January 2015 Forbes released its 2015 Best Buy Cities report—a list of the top 20 housing investment markets in the country. Five of the 20 cities on the list are in Texas.
And not only did five Texas cities make the list, but all five were in the top 10, with Austin ranking #1, Houston #3, Dallas #5, San Antonio #6 and Fort Worth #10.
So whether you want to invest in a rental property or a home for your family, according to Forbes, Texas is a good place to look.
How was the list determined? Forbes partnered with the Local Market Monitor, a North Carolina-based housing research company, to evaluate more than 100 housing markets using the following criteria: 1) strong population and jobs growth, and 2) relatively low home prices.
Below is a list of all top 20 housing markets:
- Austin, Texas
- Provo, Utah
- Houston, Texas
- Orlando, Florida
- Dallas, Texas
- San Antonio, Texas
- Denver, Colorado
- Boise, Idaho
- Oklahoma City, Oklahoma
- Fort Worth, Texas
- Phoenix, Arizona
- Salt Lake City, Utah
- Atlanta, Georgia
- North Port, Florida
- West Palm Beach, Florida
- Jacksonville, Florida
- Twin Cities, Minnesota
- Tacoma, Washington
- Sacramento, California
- Grand Rapids, Michigan
Although home prices in one Texas housing market—Austin—were considered slightly inflated according to the Local Market Monitor’s analysis, Austin performed so well on the population and job growth indicators that it still ranked #1 overall.
However, not all Texas housing markets were considered solid investment opportunities. Citing Midland as an example, the report warns that markets where the local economy relies on a single industry, such as oil, tend to be risky long-term investments. Instead, investors should look for housing markets with more diversified economies that can withstand fluctuations in the energy markets.
On the House blog posts are meant to provide general information on various housing-related issues, research and programs. We are not liable for any errors or inaccuracies in the information provided by blog sources. Furthermore, this blog is not legal advice and should not be used as a substitute for legal advice from a licensed professional attorney.
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