When it comes to buying property in the U.S., it’s important to consider the bigger picture. Location is, of course, one of the biggest factors, but so are economic opportunity, crime and safety, affordability, growth, education, and climate.
Right now, the average sales price of U.S. homes is $513,100, according to the Federal Reserve. Five years ago, that number was just $375,500. While there have been extenuating circumstances leading to this jump, prices are likely to continue to climb in the coming years.
If you’re thinking about buying property in the next five years, here are some U.S. cities to consider, according to real estate experts.
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Riverside, California
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Typical home price: $643,521
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Year-over-year increase in price: 8.6%
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Safety index: 59.76 (moderate)
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Climate index: 86.63 (very high)
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Crime and safety rating: C-
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Overall rating: B-
“Having leased and sold millions of square feet in the Inland Empire, I can vouch for Riverside’s rapid growth and increasing appeal,” said Joe Stance, a broker and founder of Stance Commercial Real Estate.
The area could be a great place for investors as well as individual residents to buy. It’s located near several major urban centers, including Anaheim, California; San…
