On The Market

202: Market Madness: 8 Housing Markets We’d Place Big Bets on in 2024

Mar 25, 2024

Real estate experts create a March Madness bracket of top housing markets for 2024. Coastal cities with population growth, Midwest affordability, and South Carolina's potential stand out. Listeners can vote for their favorite markets. Tampa, Cincinnati, and other cities offer diverse investment opportunities. Factors like home prices, rental income, and job stability are key. Insights on investment concerns and market potential are discussed, with ads from Mint Mobile, Factor Meals, and New Western. Charleston, Greenville, and Clemson university towns are highlighted as investment hotspots. Eight promising markets are explored, including a humorous quadplex idea for a reality show.

37:04

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Quick takeaways

Lansing, Michigan offers stable employment and cash flow opportunities with affordable home prices.

Oklahoma City provides a mix of affordability and solid cash flow potential with diverse job sectors.

Tampa, Florida stands out for rapid appreciation and steady cash flow potential due to population growth.

Cincinnati, Ohio presents both cash flow potential and appreciation opportunities with a strong job market.

Deep dives

Lansing, Michigan - Affordability and Stability

Lansing, Michigan is highlighted for its positive population growth, low unemployment rate, and stable employment due to government presence. The city's affordability with a median home price of $210,000 makes it attractive for investors seeking cash flow opportunities amidst a growing market.

Introduction

2min

Exploring Promising Real Estate Markets

10min

Exploring Tampa and Cincinnati Housing Markets for Real Estate Investment

5min

Exploring Investment Opportunities in Various Housing Markets

6min

Investment Concerns and Sponsor Ads

5min

Exploring Housing Markets for Investment Opportunities

7min

Insights on Favorable Housing Markets and Real Estate Investing Strategies

3min

It’s March Madness season, so we thought we’d create a bracket of our own, pitting some of the best real estate markets against each other to see which one will win the top seed for best city to invest in 2024. Each of our expert hosts picked two real estate markets, all with a March Madness team, and share why these markets will beat out the rest in 2024. Need a new real estate investing market? You’ll find more than a few in this episode.

If you want a slam-dunk housing market with layup rental property potential and three-pointer demographic trends (population, jobs, and income growth), we’ve got you covered. We scoured the nation’s housing market data and picked some of the country's fastest-growing, most affordable, and highest rent-to-price property markets that you can start investing in now. And they’re not just good college basketball towns—almost all of the cities we list have standout rental property metrics compared to most average US cities.

Heard one of your favorite housing markets on this episode? Want to vote for the market you’re bullish on? Head over to the BiggerPockets Instagram NOW and vote for your favorite housing market for 2024; we’ll be sharing an update on the votes on a future On the Market episode!

In This Episode We Cover:

Coastal beach cities seeing MASSIVE population growth and strong appreciation potential

Kathy’s favorite Midwest market that offers affordable home prices and stable employment

A South Carolina city with well below-average home prices that even psychics predict will BOOM

An affordable market in the Northeast that hosts huge appreciation and one of the best universities in America

The “boring” southern city that’s sitting on a solid economy and cheap home prices

And So Much More!

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