Buying a new home is can be risky. One way for the buyer to make sure they are making a sound investment is to research home values now, and in the future. A good indicator of future home value is city growth. A city with strong growth will most likely increase the value of a home as more retail and services increase. With that in mind, here are a few of the fastest growing cities in 2016.
Palmdale
Palmdale is a desert oasis for those looking to live life at a slightly slower pace than downtown might offer. Located about 40 minutes north of Los Angeles with magnificent view the San Gabriel mountains. Palmdale has tons to offer those who want all the convenience of a city with the beauty of a rural landscape.
Since 2000, Palmdale has experienced a 29 percent population growth. The average home price in Palmdale is $149,000 – a figure that’s within budget for many new home buyers. If gorgeous desert living appeals to you – and you don’t mind a lengthy commute to the heart of the city, Palmdale might work for you.
Azusa
Azusa has been a small town for a long time, but recently it has been experiencing significant population growth. Azusa is the perfect place to buy a starter home near Los Angeles. According to the LA Alamanac, Azusa has enjoyed some of the most growth of any city in the Southland area – enjoying a population boom of nearly 13 percent since 1990. Azusa has a small-town feel – but it’s still located only 30 minutes from the heart of downtown LA.
Santa Clarita
Santa Clarita has experienced an astounding 59 percent growth in population since 1990, according to the LA Almanac – and when you take a peek at its gorgeous landscape, bountiful shopping and abundant real estate, it’s easy to see why. Located minutes from the scenic Pico Canyon, Santa Clarita may feel rural, but it’s actually only 40 minutes from the center of Los Angeles.
With affordable home prices and gorgeous parks shaded by majestic oaks, Santa Clarita is a great option for potential home buyers who want to be sure their investment pays off.