Looking for the next hot spot to invest in real estate? According to a recent analysis by GOBankingRates, Atlantic City is emerging as one of the most promising cities for real estate investments over the next decade. In fact, it ranks second among the top cities projected for the strongest property value growth, just behind Columbia, Missouri.
Here’s why Atlantic City is catching attention: the city’s real estate values are expected to rise by 4% over the next year—more than double the national average of 1.7%. By 2033, Atlantic City’s home prices are anticipated to be over 20% higher than the national average. That’s significant growth in a relatively short time, especially for a city with current home prices below the U.S. median.
Why Atlantic City?
GOBankingRates identified Atlantic City as an attractive investment by looking at key factors like affordability and growth potential. With a median home value currently at $325,013, the city is predicted to reach a value of $351,534 by 2025 and soar to $481,098 by 2033. That’s a 20% growth rate over the national average, making it one of the fastest-growing real estate markets in the country.
A Strategic Approach to Affordable Real Estate
The study focused on metros with homes priced below the national median of $333,910 and forecasted growth rates exceeding the 1.7% national average. Cities like Atlantic City offer buyers an entry point into an affordable market with high growth potential, making them attractive not just for real estate investors but also for first-time homebuyers and families looking to build equity.
While home prices don’t always follow a straight path upward, these projections indicate that Atlantic City’s housing market is moving in a positive direction, making it an ideal place to buy now and hold for future gains.
The Bigger Picture: Nationwide Trends
GOBankingRates’ research took into account Zillow’s projections for U.S. median home values over the next decade and compared them to the 250 largest metros. They aimed to highlight areas where home prices are likely to surpass the national median, which means buyers who invest now could see their properties appreciate significantly.
Only Columbia, Missouri, is expected to outpace Atlantic City, with a projected one-year growth rate of 6.4% and a 50% increase by 2033. But Atlantic City’s combination of affordability and strong growth potential makes it a compelling option for those looking to get into a market on the rise.
What’s Next for Atlantic City?
Whether you’re an investor or someone looking to buy your first home, Atlantic City offers an opportunity for substantial growth over the next decade. With home prices set to rise well above the national average, it’s shaping up to be a market where buyers can build long-term value.
Is now the time to invest in Atlantic City real estate? Join the conversation and let us know what you think! Is this seaside city ready for a real estate boom?
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