Buying a home can be a great investment, whether you’re looking for your first home or a fixer-upper to rent out. If you have feared that you missed out on buying a house in 2013, no need to worry as 2014 is predicted to be less competitive. Although home prices and mortgage rates are on the rise, there are still plenty of cities with high growth potential where prices are still low.
Forbes and Local Market Monitor tracked home prices and local economic factors in more than 300 housing markets to put together a list of the top 20 housing markets to invest in for 2014. Cities were ranked on four factors: population, home prices, and the local jobs economy. These factors are taken into considerations because purchasing a home in a city where opportunities are growing is better than one where the population is leaving.
The following are the top 20 best buy cities that provide a low-risk investment for home buyers:
- Fort Worth-Arlington, Texas
- Dallas-Plano-Irving, Texas
- Charlotte-Gastonia-Concord, North Carolina-South Carolina
- Nashville-Davidson-Murfreesboro-Franklin, Tennessee
- Houston-Sugar Land-Baytown, Texas
- Atlanta-Sandy Springs-Marietta, Georgia
- Oklahoma City, Oklahoma
- Orlando-Kissimmee, Florida
- Las Vegas-Paradise, Nevada
- Boise City-Nampa, Idaho
- Grand Rapids-Wyoming, Michigan
- Tampa-St. Petersburg-Clearwater, Florida
- Fort Lauderdale-Pompano Beach-Deerfield Beach, Florida
- Salt Lake City, Utah
- Boston, Massachusetts
- Seattle-Bellevue-Everett, Washington
- Minneapolis-St. Paul-Bloomington, Minnesota
- Virginia Beach-Norfolk-Newport, Virginia-North Carolina
- Phoenix-Mesa-Scottsdale, Arizona
- Louisville/Jefferson County, Kentucky-Indiana
This article can be found in its original form on Forbes.