Housing: Reno named one of the 15 ‘hottest’ real estate markets for the next decade
Reno’s hot housing market is expected to continue sizzling in the coming decade, according to a new real estate ranking.
Business Insider included The Biggest Little City in its list of the top 15 “hottest new places to live.” The ranking is based on feedback by real estate agents from across the U.S. who were asked to predict the most popular real estate markets for the next 10 years.
Here is a list of all the places that are on the list. Las Vegas also made the rankings, making Nevada the only state with two cities in the top 15:
- Long Island City, New York
- Kapolei, Hawaii
- Leland, North Carolina
- Oakland, California
- Reno, Nevada
- Vancouver, British Columbia
- Austin, Texas
- Nashville, Tennessee
- Columbus, Ohio
- Greenwich, Connecticut
- Jersey City, New Jersey
- Philadelphia, Pennsylvania
- Las Vegas, Nevada
- Scottsdale, Arizona
- Boston, Massachusetts
Although Business Insider did not rank the cities in a particular order, one real estate expert who took part was especially bullish on Reno.
“In addition to Tesla moving to Reno, the area benefits from no state income tax, lower housing costs, an international airport, and proximity to Lake Tahoe,” said Chris Lim, founder of San Francisco-based firm Climb Real Estate. “Reno will surely be the hottest real estate market in the US for 2020 and beyond.”
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If the prediction pans out, it will be a double-edged sword for the Reno-Sparks metro area.