Real Estate Buzz in US: 6 Neighborhoods to Watch Right Now
The United States has many neighborhoods that are not only excellent places to live but also offer you outstanding investment opportunities. If you can get into one of these markets before the prices get out of hand, then you will thank yourself later for sure! In this article, we have tried to present you with 6 of such amazing neighborhoods where you won’t regret stepping in.
6 US Neighborhoods You Must Keep Your Eyes On
Here is our shortlist of the neighborhoods with the greatest potential:
1. Golden Gate Heights, San Francisco, California
Median Home Value: $1,530,000
When you are searching for a property in or around San Francisco, Golden Gate Heights can be one of the best options for you. This neighborhood allows you easy access to a wide range of amenities, as it is located only within a 10-minute walking distance of some of the hottest dining and shopping facilities.
The crime rate is also lower in Golden Gate Heights compared to most other neighborhoods of the city. Because of these conveniences, Golden Gate Heights has a strong demand among students and young professionals who prefer to live in a residential neighborhood.
Golden Gate Heights has a median home value of $1,530,000. While it is higher than most other neighborhoods in the United States, you have to consider it reasonable when you look at the beauty of this neighborhood and the easy access to diverse amenities. The real estate options that the neighborhood offers are diverse, you will find single-family homes, high-end condos, and even aesthetic Victorian buildings.
2. Harbour Island, Tampa, FL
Median Home Value: $498,990
Harbour Island is a picturesque island neighborhood in Tampa, and around 3,320 people live in this neighborhood. You will love the urban feel that Harbour Island offers. In this island neighborhood, you will find many luxurious restaurants and coffee shops as well as a number of picturesque parks to have a great time with your family and friends. The public schools are excellent too. In a sentence, This welcoming neighborhood can be an excellent place to raise your family.
The residents of Harbour Island mostly lead a liberal lifestyle. The neighborhood has a high walkability rating, and you don’t need a car here since the island is quite small. Harbour Island’s median home value is $498,990, and most people own their homes here.
3. Cambridgeport, Cambridge, MA
Median Sale Price: $998,500
Cambridgeport is home to above 10,000 people, and most of its residents are young professionals. The dense urban along with the vibrant atmosphere makes Cambridgeport a delightful neighborhood to live in.
The residents of Cambridgeport prefer to live a liberal lifestyle. The highly-rated schools make this neighborhood favorable for families as well. The combination of 18th century architecture and modern lifestyle adds to its diversity.
Cambridgeport has an expensive real estate market with a median sale price of $998,500. The neighborhood shows great potential to investors, as the market is very competitive and 56.3% of homes are sold above the list price.
4. Monticello, Fort Worth, Texas
Median Sale Price: $540,000
Starting from top-of-the-class real estate properties to a plethora of nearby amenities, Monticello has almost everything to fit your needs and priorities. This neighborhood has a friendly atmosphere and a welcoming community that you cannot but admire!
Monticello has some highly-rated schools nearby, which include North Hi Mount Elementary School, Arlington Heights High School, etc. The neighborhood is just two miles from the downtown business district of Forth Worth and within a walking distance to the popular cultural district.
Thanks to a diverse range of housing options, Monticello has been a top preference among different kinds of buyers, including singles, families, and even retirees. The median sale price is a bit high at $540,000, but it is reasonable indeed considering the growth and potential.
5. West Town, Chicago, Illinois
Median Sale Price: $595,000
Located in the northwest of Downtown Chicago, West Town is known as a trendy neighborhood full of diversity. The mind-blowing art galleries, attractive boutiques, and elegant dining options enhance the appeal of this charming neighborhood.
With a 7.2% year-over-year median value appreciation, West Town shows great potential to investors. Thanks to its proximity to Downtown Chicago and the top-of-the-class amenities it offers, rental properties also yield high rents to investors.
6. City Center, Santa Monica, California
Median Sale Price: $1.9 million
When you are looking for a diverse range of amenities and conveniences without much financial concern, City Center appears to be one of the best options for you. Starting from the most delightful dining options to highly-rated schools, City Center offers you a lifestyle that pleases both you and your family.
Younger people love City Center for its exceptional dining and outdoor activities, while retirees love to enjoy its sunny, seaside settings. All the conveniences have made this an expensive neighborhood to live in, as the median sale price is about to reach the $2 million mark at this moment.
The neighborhoods we have talked about in this article can be excellent options to both live in and invest in. So, you can also consider getting into one of these markets! Just try to match the offerings of these beautiful neighborhoods with your shortlist of needs and preferences, and that will be enough for you to find the right neighborhood to get your feet in!
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