A new study has revealed a ranking of the best cities for real estate investments in 2024, with 4 Florida cities, making the top ten. The ranking is determined by annual price growth for different property sizes, personal income, income growth, population growth, and search volume for real estate terms.
The analysis, conducted by real estate experts at Agent Advice, ranks U.S. cities based on nine key factors. These factors include search volume for real estate terms, annual price growth for different property sizes, personal income, income growth, and population growth. The final index score, out of 100, was calculated by combining these factors, revealing the top real estate investment opportunities of the year.
- 1. Miami, Florida (Score: 80.17/100)
Taking the top spot, Miami is proving itself a goldmine for property investors, driven by rapid annual price growth across all property types—particularly a 13% surge in homes with five or more bedrooms. The city’s population growth rate is modest at 0.7%, but rising income levels (up 4.4%) are supporting strong real estate market demand in 2024.