Top Emerging Real Estate Markets to Keep an Eye on in 2021

The real estate market is always evolving, and staying ahead of the curve is essential for investors and homebuyers alike. In 2021, several emerging markets are showing promising growth potential. From suburban boomtowns to hidden gems and warm weather havens, these markets offer unique opportunities for those looking to make a move. In this article, we will explore some of the top emerging real estate markets to keep an eye on in 2021 and what sets them apart from the rest.

Suburban Boom: The Rise of Desirable Neighborhoods

The COVID-19 pandemic has reshaped the way we live and work, leading many urban dwellers to seek more space and a change of scenery. As a result, suburban areas across the country have seen a surge in demand and an increase in property values. This trend has been fueled by a variety of factors, including the desire for larger homes, access to outdoor spaces, and a shift towards remote work.

Here are three suburban markets that are worth considering:

1. Essex County, NJ: A Haven for Urban Flight

Located just outside of New York City, Essex County offers a convenient escape from the hustle and bustle of urban life. With its picturesque towns, tree-lined streets, and proximity to nature, this area has become a magnet for those seeking a suburban lifestyle without sacrificing the amenities of a major city.

The real estate market in Essex County has experienced steady growth, and the demand for single-family homes with spacious yards and home offices has skyrocketed. Families are drawn to the excellent school districts, while young professionals appreciate the easy commute to New York City. The county also boasts a vibrant cultural scene, with art galleries, theaters, and a variety of dining options.

2. Riverside County, CA: Embracing the Suburban Lifestyle

Situated in Southern California, Riverside County has become an attractive option for homebuyers looking to escape the high costs of living in neighboring Los Angeles and Orange counties. With its affordable housing options, abundance of outdoor recreational activities, and proximity to major employment centers, Riverside County offers the best of both worlds.

The real estate market here is thriving, and buyers can find a range of housing options, from modern suburban developments to historic homes with character. The county is known for its beautiful landscapes, including the stunning Joshua Tree National Park and the scenic Santa Rosa Plateau. Residents can enjoy hiking, biking, and horseback riding, as well as a variety of water sports on the nearby lakes and rivers.

3. Sugar Land, TX: A Sweet Escape from the City

Nestled in the Houston metropolitan area, Sugar Land has emerged as one of the top suburban destinations in Texas. With its strong economy, excellent schools, and a wide array of recreational amenities, Sugar Land has captured the attention of families and young professionals alike.

The real estate market in Sugar Land is booming, with a variety of housing options available, from large single-family homes to upscale apartments and condos. The city’s strategic location provides easy access to major highways, making it convenient for commuters. Residents can enjoy a range of outdoor activities, including golfing, hiking, and fishing, as well as shopping and dining in the city’s vibrant downtown area.

In conclusion, the suburban boom is not just a temporary trend but a reflection of changing priorities and lifestyles. As more people prioritize space, nature, and a sense of community, suburban areas are becoming increasingly desirable. Whether it’s the charm of Essex County, the outdoor paradise of Riverside County, or the thriving community of Sugar Land, these suburban markets offer a high quality of life and a promising investment opportunity.

Hidden Gems: Small Cities and Towns Experiencing Population Surges

While larger cities often hog the spotlight, small cities and towns across the country are experiencing a population surge and attracting attention from investors. These hidden gems offer a tight-knit community, affordable housing, and abundant opportunities. Here are three small cities and towns to keep on your radar:

4. Burlington, VT: The Charm of a Small Town

Burlington, Vermont, offers the perfect blend of a picturesque setting, vibrant culture, and a thriving economy. Nestled on the eastern shore of Lake Champlain, Burlington boasts stunning views of the Adirondack Mountains and the Green Mountains. The city’s bustling downtown is filled with charming shops, restaurants, and cafes, creating a lively atmosphere for residents and visitors alike. One of the main attractions is the Church Street Marketplace, a pedestrian-only street lined with historic buildings and a variety of shops and eateries.

Aside from its natural beauty and vibrant downtown, Burlington is also home to the University of Vermont, which brings a youthful energy to the city. The university’s presence contributes to a thriving arts and music scene, with numerous galleries, theaters, and music venues hosting a wide range of events throughout the year. Additionally, Burlington offers a strong job market, particularly in industries such as healthcare, education, and technology.

The real estate market in Burlington is competitive, with a limited inventory of homes driving up prices. However, the opportunity for long-term growth and the city’s unique charm make it a worthwhile investment. Whether you’re looking for a cozy Victorian home or a modern condominium with lake views, Burlington has a variety of housing options to suit different preferences and budgets.

5. Greenville, SC: Where Small-Town Living Meets Big Opportunities

Greenville, South Carolina, has transformed itself from a small textile town to a vibrant hub of economic growth and cultural activity. Located in the foothills of the Blue Ridge Mountains, Greenville offers residents breathtaking natural landscapes and a mild climate that allows for outdoor activities year-round. The city’s award-winning downtown is a testament to its revitalization, with tree-lined streets, public art installations, and a wide array of shops, restaurants, and entertainment venues.

One of the main draws of Greenville is its strong job market, which has attracted major companies in industries such as manufacturing, healthcare, and technology. The city’s commitment to innovation and entrepreneurship has also fostered a thriving startup scene, making it an ideal destination for young professionals and aspiring business owners.

In terms of real estate, Greenville is experiencing a surge in demand, with both buyers and investors recognizing the potential for future appreciation. The city offers a range of housing options, from charming historic homes in established neighborhoods to modern developments in up-and-coming areas. With its affordable housing prices compared to larger metropolitan areas, Greenville provides an opportunity for individuals and families to enjoy a high quality of life without breaking the bank.

6. Star, ID: A Rising Star in the Suburban Landscape

Tucked away in the picturesque countryside of Idaho, Star is a hidden gem that is quickly gaining recognition. With its small-town charm, friendly community, and proximity to Boise, Star offers the best of suburban living. The town’s tranquil atmosphere and scenic beauty make it an ideal place for those seeking a peaceful and family-friendly environment.

Despite its small size, Star is experiencing a surge in population as more people discover its appeal. The real estate market in Star is thriving, with new developments sprouting up to meet the demand for affordable and spacious homes. Whether you’re looking for a cozy single-family house with a large backyard or a modern townhouse with community amenities, Star has a variety of housing options to suit different preferences and budgets.

In addition to its natural beauty, Star offers a range of recreational activities for outdoor enthusiasts. The town is surrounded by vast open spaces, including parks, trails, and golf courses, providing ample opportunities for hiking, biking, and enjoying the great outdoors. For those who crave a bit of city life, the vibrant city of Boise is just a short drive away, offering a wide range of cultural attractions, shopping centers, and dining options.

As these small cities and towns continue to experience population surges, they are proving that bigger isn’t always better. With their unique charm, affordable housing, and abundant opportunities, Burlington, Greenville, and Star are definitely worth considering for those seeking a change of scenery and a high quality of life.

Sun, Sand, and Remote Work: Warm Weather Markets on the Rise

As remote work becomes more prevalent, many professionals are no longer tied to a specific location. This freedom has sparked a surge in demand for warm weather markets, offering a desirable blend of work and leisure. Here are three warm weather markets that are heating up:

7. Buckeye, AZ: The Desert Oasis for Remote Workers

Buckeye, Arizona, is a hidden gem that offers a relaxed lifestyle, abundant sunshine, and affordable housing. As remote work continues to gain traction, more and more professionals are flocking to Buckeye in search of warm weather and a lower cost of living. The real estate market in Buckeye is thriving, with a range of housing options available, from modern single-family homes to spacious condos and townhomes.

One of the main attractions of Buckeye is its proximity to the stunning Sonoran Desert. Remote workers can take advantage of the beautiful hiking trails and enjoy breathtaking views of the desert landscape. Additionally, Buckeye is home to several golf courses, providing ample opportunities for outdoor recreation and relaxation.

For those who enjoy a vibrant community atmosphere, Buckeye hosts various events throughout the year, including festivals, farmers markets, and live music performances. Residents can also explore the local cuisine, with a variety of restaurants offering delicious Southwestern flavors.

8. Frisco, TX: Where Work and Play Meet Under the Sun

Located in the Dallas-Fort Worth metroplex, Frisco, Texas, is a dynamic city that offers something for everyone. With its strong economy, top-rated schools, and a wide range of recreational amenities, Frisco has become an attractive destination for both remote workers and families. The real estate market in Frisco is flourishing, with a variety of housing options to suit different budgets and lifestyles.

One of the highlights of Frisco is its impressive sports scene. The city is home to professional sports teams, including the Dallas Cowboys’ training facility and the Frisco RoughRiders minor league baseball team. Sports enthusiasts can catch a game or participate in various recreational activities in the city’s numerous parks and sports complexes.

Frisco also boasts a vibrant arts and culture scene, with several museums, theaters, and art galleries. Residents can immerse themselves in the local history and enjoy live performances, exhibitions, and community events throughout the year.

9. Tampa / Hillsborough County, FL: The Perfect Blend of Work and Leisure

Tampa and Hillsborough County, Florida, offer a winning combination of warm weather, diverse culture, and a thriving business environment. With its booming economy, vibrant downtown, and stunning beaches, Tampa has become a magnet for remote workers looking to live the ultimate work-life balance. The real estate market in Tampa and Hillsborough County is hot, with a wide array of housing options available, from waterfront condos to suburban single-family homes.

One of the main draws of Tampa is its beautiful coastline and access to the Gulf of Mexico. Remote workers can enjoy the sun, sand, and sea during their leisure time, whether it’s relaxing on the beach, engaging in water sports, or exploring the nearby islands and nature reserves.

Tampa is also known for its rich cultural heritage, with a diverse population that contributes to a vibrant arts and culinary scene. Residents can experience a fusion of different cuisines, attend cultural festivals, and visit museums that showcase the city’s history and artistic talent.

In conclusion, these top emerging real estate markets offer unique opportunities for those looking to make a move in 2021. Whether you’re seeking a suburban escape, a hidden gem, or a warm weather haven, these markets boast distinct qualities that set them apart from the rest. As always, thorough research and working with knowledgeable local real estate professionals are crucial to making informed investment decisions. Keep an eye on these markets, as they continue to evolve and present exciting opportunities for both investors and homebuyers.