Land Prices Expected to Rise in These U.S. Areas in 2018
Looking for the next hot spot to invest in land in the U.S.? The housing market can provide helpful clues that will help you pinpoint up-and-coming spots where prices are expected to explode.
Major cities are a surefire bet if you're looking to invest in land. About 62% of the U.S. population lives in urban areas, according to the U.S. Census Bureau, so you can expect a nice return if you can score some land in a metro area at a great price.
Metro areas are an obvious choice when it comes to land investment, but finding land for sale a at a decent price is a challenge. And the competition is fierce.
Taking a closer look at the housing market in the U.S., you can get an idea of areas where home values are rising.
The West Coast
Home prices along the West Coast have been skyrocketing for years, and that trend is spreading east.
In the Visalia and Hanford areas, just south of Fresno, homes are valued in the $190K-$221K range. Just outside this area, values are around $90K-$130K. Land prices may rise next year in these outer areas, as more people flock to the region.
Of course, areas right on the coast are major hot spots, but land prices are in the million-dollar-plus range. Just outside these coastal areas (a little further inland), home prices are significantly lower. In the Livermore area, homes are selling for $780K, but in the Patterson area, home values are around $220K. The Patterson area is still a hot spot on Trulia's value heat map, so this may be an area where land prices will rise next year.
Outside of California, there are hot areas in both Oregon and Washington, including Seattle, Olympia, Everett, Yakima, Spokane, Eugene, Salem, Ashland and Portland, among many others.
The East Coast
The East Coast is another hot spot for home values, which isn't exactly news. But there are some areas where home values are significantly higher than others.
The areas just outside these hot spots, where prices are already at a peak, are prime for investing, as values are likely to increases in the next few years.
Steer clear of the usual suspects: New York City, Philly, Baltimore and D.C. - unless you can score a good deal.
In PA, areas like Allentown, Harrisburg, York, and Monroeville are seeing higher home valuations. These are areas just outside the city limits, where populations will likely grow and land values will likely rise.
Trends like this can be found all along the East Coast, but Florida (not surprisingly) is a hot spot right now – particularly the Orlando area.
Inland areas along the Southeast, like North Carolina's Asheville and South Carolina's Greenville, are also seeing home values rise. Land prices in these areas will continue to rise, particularly in the Southern Appalachian region.
The Denver area of Colorado took off years ago. In Boulder, median home values are sky high at around $700k. But just outside Denver, over in Park County, the median home value is around $165K. In Pueblo County, just outside Colorado Springs, the median home value is around $130K.
These are areas just outside the hot spots where prices are double (or more, in some cases). Land prices, like the home values, will likely increase over the next year.
While Denver is a red-hot area, experts warn that the city's housing market may be in a bubble that's ready to burst. Prices in the area continue to rise, and it doesn't appear to show any signs of stopping.
Since 2007, home prices in the city have increased by a staggering 60%. In some neighborhoods, prices are up over 200% in the last decade.
In April, the average home price was around $430K – that's a new high.
While some fear the bubble may burst, other experts say that the Denver market is healthy.
Either way, Denver may be one place you want to steer clear of, or invest just outside the city limits where people will eventually be forced to go due to higher prices.
Oklahoma and Arkansas
Regions of Oklahoma and Arkansas are also seeing land and home values increase. Little Rock and Oklahoma City are two obvious choices, but values are also rising in areas like Hot Springs, AK and Malvern, AK. But values are still very reasonable at around $100K.
In Oklahoma, areas just outside cities like Sapulpa and Broken Arrow, where home values are in the 180K to 240K range, land values and prices are likely going to increase over the next year.
Overall U.S. Market Trends
Right now is really a great time to invest in land just about anywhere. Inventory is particularly low in high-demand areas, which means buyers – especially young buyers – are finding it difficult to find a home that meets their needs.
If you find a great piece of land, build a brand new home and put it on the market at a reasonable price, you'll probably sell it faster than you had ever imagined.
Renting is, of course, another option, but rent prices are projected to rise faster than incomes. That could pose a problem if your home is out of the everyday Joe's price range.
Of course, there are areas where the risk is too high to even bother. At the moment, the areas you want to avoid are mainly in states where energy-extraction is the primary sector.
High-risk states include Louisiana, Wyoming, Alaska, North Dakota, Texas, Oklahoma, West Virginia and New Mexico.
As home prices continue to rise, land prices will also rise. It can be hard to predict with certainty which areas will see the biggest price increases, but buying land just outside fast-growing cities is always a good choice. These are areas where demand will be higher – if not now, eventually – and prices are still reasonable.
Don't be afraid to jump on a deal in a market that you know is taking off. You may just miss your opportunity for a serious return on your investment if you don’t.
LandCentury.com specializes in selling wholesale real estate at the lowest prices. We believe that everyone should have the right and the opportunity to get a great deal on investment property All you have to do to get the property you’ve always wanted is follow these simple steps:
Step 1: Find the Perfect Property
Use LandCentury.com’s powerful network of real estate listings to find the property of your dreams. We have everything from move-in ready investment properties and cheap houses to rural land, buildable lots, and fixer-uppers. No matter what type of real estate you’re looking for, you can find it at LandCentury.com
Step 2: Click the Buy Button
This will start the purchase process. As one of America’s top online property listing sites, we leverage our unique business model of submitting an online payment to hold the listing to make transactions straightforward and secure. Our purchase process is designed for simplicity and security. Once you click the buy button, you will:
Use our secure site to submit your processing fee. We make every effort to protect your privacy. That’s one of the reasons why we offer a 24-hour money back guarantee on your processing fee, so you can feel confident in your transaction.
The seller will contact you within the next 24 hours procced to the next step and get the necessary info to prepare the contract.
Buyer Transaction & Privacy Protection
LandCentury.com stands behind our buyers, and we want you to know that your hard earned money is safe when doing business through us. That’s why we have a number of features to help protect buyers, including:
Symantec Secure Site SSL certificate, providing a $1,500,000 warranty on every transaction
Secure encryption and data protection
24 hour money back guarantee on processing fees
2 separate legal offices across the country to help you with any problems you encounter, anytime
Seller ratings so you can see what other people have to say about their experience with your seller
Still Have Questions?
We’d love to answer them. Check out our Help Center page or call us at 1-888-LAND-WEB (526-3932)
Our highly specialized support team is ready to find a solution to your problem. A people first policy insures that a team member will always be available to speak with you personally.
Symantec SSL Certificate
Symantec is a global leader in providing security, information management solutions to help our customers – from consumers and small businesses to the largest global organizations – secure and manage their information against more risks at more points, more completely and efficiently than any other company. Our company’s unique focus is to eliminate risks to information, technology and processes independent of the device, platform, interaction or location.
This website can secure your private information using a SSL Certificate. Information exchanged with any address beginning with https is encrypted using SSL before transmission. LandCentury.Com LLC has been verified as the owner or operator of the website located at www.LandCentury.com. Official records confirm LandCentury.Com LLC as a valid business.
Better Business Bureau
For more than 100 years, Better Business Bureau has been helping people find businesses, brands and charities they can trust. In 2015, people turned to BBB more than 172 million times for BBB Business Reviews on more than 5.3 million businesses and Charity Reports on 11,000 charities, all available for free at www.bbb.org. The Council of Better Business Bureaus is the umbrella organization for the local, independent BBBs in the United States, Canada and Mexico, as well as home to its national and international programs on dispute resolution, advertising review, and industry self-regulation.
BBB has determined that LandCentury.Com, LLC meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses pay a fee for accreditation review/monitoring and for support of BBB services to the public. BBB accreditation does not mean that the business’ products or services have been evaluated or endorsed by BBB, or that BBB has made a determination as to the business’ product quality or competency in performing services.
Web Site Anti-Malware Scan
GeoTrust is the world’s second largest digital certificate provider. More than 100,000 customers in over 150 countries trust GeoTrust to secure online transactions and conduct business over the Internet. Our range of digital certificate and trust products enable organizations of all sizes to maximize the security of their digital transactions cost-effectively.
The GeoTrust Web Site Anti-Malware Scan includes a daily malware scan to detect malware and alert you with detailed information to respond quickly to the attack. What happens if malware is detected on this web site? If malware is discovered, the GeoTrust Web Site Anti-Malware Seal no longer displays. When the scan confirms that all instances of malware are removed, the seal displays again.
If you feel that you have been a victim of real estate fraud, there are many resources available for you as the victim. Your first step is to contact the local District Attorney’s office and report the incident. Our office will stand by you and provide any relevant information to support your claim. Here are additional agencies that can assist you and provide more resources: