Home Property The top 5 up-and-coming neighborhoods to invest in

The top 5 up-and-coming neighborhoods to invest in

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As cities continue to grow and evolve, new neighborhoods are emerging as attractive investment opportunities for real estate investors. These up-and-coming neighborhoods offer a range of benefits, including competitive prices, strong potential for appreciation, and a growing demand from buyers and renters alike.

Here are the top 5 up-and-coming neighborhoods to invest in:

1. Echo Park, Los Angeles, California
Echo Park has become one of the most desirable neighborhoods in Los Angeles due to its central location, stunning views of the city, and thriving arts and cultural scene. Lately, investors started looking into this area for its relatively affordable prices compared to other popular neighborhoods in LA. Home prices are still on the rise, making this an ideal investment opportunity. Realtor.com predicts that home prices in Echo Park will increase by 5.8% in 2020.

2. Seminole Heights, Tampa, Florida
Seminole Heights is the ideal investment opportunity for those looking for a vibrant arts community and a perfect location, just a few miles outside of the city center. The neighborhood has transformed itself over the past few years, with home values improving at a pace of 8.8% over the past year, and experts predicting a further 8.2% increase in home values in 2020. Investors in Seminole Heights can expect to see strong returns on their investment, thanks to the area’s growing popularity, excellent public transportation, and many amenities and attractions for residents.

3. East Austin, Texas
East Austin, which is conveniently located only two miles from the city center, has in recent years become a magnet for young professionals, artists, and creatives. This eclectic mix of residents has contributed to a dynamic arts and cultural scene that continues to expand, making East Austin one of the most popular neighborhoods to call home. Real estate investors looking for long-term investments should consider the East Austin area as it is also one of the fastest-growing neighborhoods in Texas. With a one-year home value growth rate of 3.4%, investors can expect strong returns on their investment.

4. Riverside, Jacksonville, Florida
Riverside is located on the west bank of Jacksonville, with a history that dates back to the early 20th century and a vibrant suburban feel. This area features grand homes with classic architecture, local boutiques, and unique eateries. The neighborhood’s popularity has grown steadily in recent years, with home values rising by 9.7% over the past year, and experts predicting that home prices will continue to rise at 6.4% in 2020. Investors will enjoy strong returns on their investment in Riverside since home values are predicted to continue growing at a relentless pace.

5. Bloomfield, Pittsburgh, Pennsylvania
Bloomfield is a small, compact neighborhood in Pittsburgh that is attracting the attention of real estate investors looking for a steady, safe investment opportunity. With a growing population of young professionals and artists, this area offers an excellent opportunity for investors to purchase property at affordable prices, with strong potential for future appreciation. Home values have increased by 6.3% over the past year and are predicted to grow by 3.9% in 2020, making Bloomfield an excellent area to watch for savvy real estate investors.

In conclusion, investing in up-and-coming neighborhoods can offer excellent opportunities for real estate investors who want to take advantage of a growing market. These neighborhoods generally offer competitive prices, a high potential for appreciation, and a growing demand from buyers and renters alike. If you are interested in investing in real estate, be sure to keep an eye on these top 5 up-and-coming neighborhoods.

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