5 Growing East Coast Home Markets You Should Research
Why the East Coast Might Feature Your Next Hometown
For some time, the west coast and the south have sported some of the hottest cities to relocate to. Cities like San Francisco, Portland, Seattle, Austin, and Raleigh attracted newcomers by the score, thanks to their eclectic qualities, creative lifestyles, and abundant amenities. But in 2018, the east coast has birthed a few of its own must-consider markets.
If you’re thinking about relocating to the east coast, here are five of the fastest-growing home markets to include in your list of contenders, and a few reasons why each of them should be on that list.
What’s not to love about Miami? Miami has some of the best nightlife in the world and the beach is right there. Everything in Miami is exciting and fresh, from the cuisine to the fashion. And, it has one of the best housing markets on the east coast. The reason? Miami’s cost-per-square-foot is surprisingly lower than average and the market is extremely diverse, with everything from private condos to spacious multi-bedroom houses available.
Atlanta‘s housing market is a favorite among investors. The city is home to the headquarters of several major companies, including Coca-Cola and Home Depot, and its quality of life can’t be beat. Atlanta also has an innovative restaurant scene and some of the best shopping in the country. And, the combination of high-paying jobs and a low cost of living is the icing on the cake. Atlanta’s housing market has everything from stately manors to modern townhomes to lakeside homes.
The nation’s capital is always growing, and in 2017, Washington, D.C. added more than one-million square feet of office space. This of course means that workers will be required to fill all that space up. Adding to DC’s allure is the fact that affordable neighborhoods can still be found in the metro area. Neighborhoods like Mt. Pleasant, Petworth, and Deanwood are just three to keep in mind.
Tampa, along with Miami, makes for a major one-two punch for Florida in 2018. Tampa is home to one of the country’s strongest jobs forecasts at 3.8%, with an economy that’s stabilized by both the healthcare and military sectors. The city has roughly 50 hospitals and is home to MacDill Air Force Base, making healthcare and the military its two largest employers. Real estate is also still pretty affordable here, with many homes on the market for well under $200,000.
Long Island City, New York
Long Island City is found in Queens, NY and it ranks as one of the fastest-growing markets thanks to its convenient access to Manhattan. The city also is working on several new residential projects, and public transportation options are abundant. Once a fully industrialized section of New York, Long Island City has focused on residential appeal in recent years, and today, it is a fully composed and affluent 24/7 community where its residents live, work, and play.
The East Coast Is Opening Up, So Get In Now
Now is the time to move to the east coast if you want to have your pick of the best homes and jobs. Remember, these are five of the fastest-growing cities, so people are moving to them in large numbers. Best get in now so you can be settled by the time they really start taking off.