Looking to buy real estate in an up-and-coming neighborhood? When you find an area that’s gaining popularity, you can get in before the prices go up. Then, you’re setting yourself up for a larger equity gain in a shorter amount of time.
But where should you buy your next home or investment property? Here’s a look at some of the best up-and-coming neighborhoods in the southeast (these are states that OVM Financial is licensed to serve).
Best up and coming neighborhoods in the Southeast by state
The median home price in Virginia is $315,924. Check out these neighborhoods to get the most for your money.
- Bridgewater, a town in Virginia: Bridgewater’s a charming small town with a historic downtown area, excellent schools from kindergarten through college, and many recreational activities nearby. Unemployment is low, and job growth has been positive. Plus, living costs are still low, and the median home value is just $234,300.
- Lexington, a town in Virginia: Lexington is a small college town with idyllic neighborhoods and a historic downtown area. It’s very affordable with a median home price of $235,700, and it attracts a young population, having a median age of 22.
- Woodlake, a suburb of Richmond, Virginia: Woodlake is a rapidly growing modern community with residential and retail developments popping everywhere. It offers a fantastic quality of life with great schools, lots of restaurants, and the scenic Swift Creek Reservoir. The current median home value is $284,200.
Real estate sales in North Carolina have also picked up over the last year, increasing by 11.3% to $234,934 Here’s where you can find great living at a great price that will likely rise in the near future.
- Stokesdale, a suburb of Greensboro, North Carolina: Stokesdale is a small town close to many large NC cities with a charming, historic downtown area, great schools, beautiful homes, and rural living. The median home value is just $205, 400.
- Bent Creek, a suburb of Charlotte, North Carolina: Bent Creek offers rural living, charming homes, spacious properties, and great schools with an affordable median home value of $245,900. Plus, it’s only about 2 hours outside of Charlotte.
- Morrisville, near Raleigh, North Carolina: Morrisville is a tech town that has become one of the most recently popular places to live in North Carolina. It’s close to the Raleigh airport, has great schools, and offers a short commute to many surrounding cities like Cary, Apex, Raleigh, and Durham. The median home value is slightly higher than the average, sitting at $331,800, but the area is likely to see more growth driving prices up further in the coming years.
South Carolina’s median home price is $213,450, up 9.5% year over year! Here are a few up-and-coming areas to keep your eye on.
- Riverview, a suburb of Charlotte, South Carolina: Riverview offers great public schools, housing, and job opportunities. Plus, the cost of living is very affordable with the median home value sitting at just $128,900. The town has that small-town, friendly feel and is very safe. While quiet, it’s close to Charlotte where you can find everything you need.
- India Hook, a suburb of Charlotte, South Carolina: India Hook is another suburb of Charlotta, although a bit larger than Riverview. It has a rural feel, great housing, good family life, job opportunities, and a low cost of living. The schools are also above average. Currently, the median home value is at $199,400.
- Powdersville, a suburb of Greenville, South Carolina: Powdersville is a growing small town right near Easley and Greenville, but far enough away to avoid the big city rush. It’s growing with new housing and job opportunities popping up daily. You’ll find the modern conveniences you need alongside highly-rated schools, big yards, parks, and safe neighborhoods. The median house price sits at $188,300.
Demand for homes is up in Florida as the median price increased 16.6% in 2020 to $314,900. Below find some of the best places to buy.
- Lake Mary in Orlando, Florida: Lake Mary is about 30 minutes from downtown Orlando and Daytona beach. The schools are outstanding, it’s green, and it ranks well for job growth, cost of living, and employment rates. The median home value is near the state average, sitting at $320,100.
- Chululota in Orlando, Florida: Chululota is a small town that offers rural living. You’ll find a nice park in town, and nearby there is a lake where you can fish, boat, and kayak. It has highly-rated schools and housing, with an attractive median home price of $198,900.
- East Milton near Pensacola, Florida: East Milton is about 20 minutes away from Pensacola and offers a mix of suburban and rural life. The public schools are above average, and the area ranks well for employment opportunities, business growth, and cost of living. Further, the downtown area offers a collection of cute little shops and restaurants. The big plus, the median home price is still just $116,500.
In Georgia, the median home price is $232,144, up about 10% year-over-year. But which neighborhoods provide great opportunities right now? Here’s a look.
- Dacula, a suburb of Atlanta, Georgia: Dacula is a scenic suburb of Atlanta with a spacious rural feel, several parks, and a historic downtown area. Overall, it offers a high-quality life at a great price, ranking well for public schools, housing, family life, outdoor activities, and diversity. The median home value is currently sitting at just $174,700.
- Watkinsville, a suburb of Athens, Georgia: Watkinsville is a small town beloved by its residents. Known as the Artland of Georgia, it has more artists per capita than any other city. You’ll also find great schools, historic beauty, and many families and young professionals. It’s a great spot for rural living with a median home price of $201,100.
- Mountain Park, a suburb of Atlanta, Georgia: Mountain Park has a rural, family-friendly feel, parks, great schools, a variety of restaurants, and low crime. The median home value is just $187,800, and it’s home to many young professionals.
Maryland’s median home price is sitting at $351,766, a 10% increase from last year. Here are a few high ROI places to buy.
- Spring Ridge, a suburb of Frederick, Maryland: Spring Ridge is a small town just outside Frederick known for affordable real estate, great schools, and a good place to raise a family. There are lots of parks and restaurants, a dense suburban feel, and many young professionals. The median home value sits at $341,300, and most own their homes.
- Lutherville, a suburb of Baltimore, Maryland: Lutherville is a historic small Victorian town, a short distance from the lively metro of Baltimore. It’s a great place to raise a family with good schools, job opportunities, plenty of parks, and safe streets. It was originally founded as a charming Lutheran summer community that linked to Baltimore by trolley. Today, the median home value sits at $360,200.
- Ilchester, a suburb of Baltimore, Maryland: Ilchester is another suburb of Baltimore, with a larger population of about $27,000 people. It is full of coffee shops, parks, and restaurants. It’s known for having great schools, good housing, lots of outdoor activities, and job opportunities. The median home value currently sits at $390,600.
Tennessee’s median home price currently sits at $214,708, up just over 11% from last year. Keep these neighborhoods in mind.
- Green Hill, a suburb of Nashville, Tennesse: Green Hill is a smaller rural town beloved by its residents. It’s a short drive from Nashville, nestled between Percy Priest Lake Park and Langford Cove. You’ll find character and an old charm to the area, a safe community, great schools, and a growing economy. The current median house price is $242,100.
- Medina, a suburb of Jackson, Tennessee: Medina is a small rural town near Jackson, Tennessee, known for its great schools and family atmosphere. For all your major shopping and dining, you’ll want to head to Jackson. The median home price is currently just $180,600.
- Farragut, a suburb of Knoxville, Tennessee: Farragut is rated as one of the best places to live in Tennesee. It has a population of around 20,000 and offers a rural feel. It’s home to many walking paths, great schools, and family-friendly activities. Further, it’s great for people who love the outdoors, thanks to the mild climate and proximity to The Great Smoky Mountains and state parks. The median house value is $370,400.
The median home price in Texas rose by about 9% over the last year and is now sitting around $230,000. Here are some of the most opportune places to buy.
- Arapaho in Richardson, Texas: A larger neighborhood of about 5,000 people with great schools, many retirees, and a median home price around the statewide average of $282,967.
- Heights Park in Richardson, Texas: Heights Park is a friendly neighborhood home to many families and young professionals. The schools in the area are highly rated, and there are lots of parks, restaurants, and coffee shops. Currently, the median house value is $289,365.
- Timberbrook in Plano, Texas: Timberbrook is a beautiful and clean neighborhood that is very family-friendly and home to highly-rated schools. It has great infrastructure and isn’t too far from Plano or Dallas. It earns high rankings across the board for jobs, health and fitness, diversity, nightlife, outdoor activities, and weather. The median home value is $327,183.
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