One of the most common questions real estate agents have is: which are the best states for agents in 2018? The honest, real and raw answer is that whether you’re in a rinky-dink state or in a large one, you have all the chances to be successful as a real estate agent. As long as you attend a real estate school, get your real estate license, and develop a great strategy, you’ll most likely become one of those success stories that people deem impossible. Nevertheless, there are certain states where agents seem to achieve profit easier and faster. Here are some of them.
According to a WalletHub analysis, New Hampshire is the place where real estate agents enjoy some of the highest sales, with cities like Nashua and Manchester being among the first five ones. Manchester is also one of the most attractive cities in terms of real estate employment and high home turnover rate.
Hawaii is another great state to be a real estate agent. Cities like Honolulu and Pearl Cities are currently seeing the highest annual median wage for agents who’ve attended in-person or online real estate courses, got their license, and started their career path.
With such an increased housing demand and a healthy real estate market, it shouldn’t come as a surprise that California is a place with top-notch real estate classes where real estate agents have good chances of becoming successful. City-wise, Fontana is among the areas with the most attractive real estate employment opportunities, while San Francisco, Irvine, Fremont, Huntington Beach, and San Jose have the highest median home prices. Plus, Oceanside has some of the highest home turnover rates and San Francisco, San Jose, as well as Fremont are renowned for their high health index of the housing market. Moreover, properties in San Jose, San Francisco, Fremont, and Oakland spend very few days on the market, thanks to the high demand we’ve mentioned earlier.
The picturesque state of Washington doesn’t only have some of the best real estate schools in the country but is also home to Seattle, Vancouver, Washington, DC, and Tacoma, cities that offer a plethora of job opportunities for newbie and seasoned agents. With a 1.6% population growth rate in 2017 (higher than the national average of 0.7%), Washington is a popular relocating spot, thus the rental and home buying demand is constantly increasing. Hence, real estate agents won’t run out of potential tenants or buyers for residential and commercial properties.
The real estate schools in New York are famous for their comprehensive syllabus, engaging teaching approach, high license exam passing rates, and well-prepared instructors. In addition, New York City and Yonkers are cities with some of the highest median wages for real estate agents. It comes as no surprise that New York is a popular living destination among people from all around the world. This translates into a growing number of new residents searching for a place to buy or rent, thus in need of real estate agents to help them along the process. That’s why, the real estate market in New York is a stable and growing one, with a plethora of properties and job ops available for agents.
If you’re broker associate in Colorado or you plan to relocate there, you’ll be happy to find out that Denver, Aurora, and Colorado Springs are cities with lots of real estate employment opportunities and very healthy real estate markets. Besides that, the state is renown for its flourishing economy and the famous Silicon Slopes, which attracts plenty of new people and businesses that need a place to live or operate. Not to mention the low vacancy rate of 4.29% (lower than the 5.89% US average), which indicates that there’s a high housing demand, therefore real estate agents are less likely to worry about the lack of clients.
With cities like Nashville and Knoxville recording some of the highest sales per real estate agent, Tennessee is a wonderful place for doing business. Not to mention the wide range of real estate jobs available and the state’s growing real estate scene.
Talking about employment ops and a stable real estate market, Oregon is another state that offers increased chances of success for agents. Portland and Salem are currently the best places to be in terms of skyrocketing property demand and sales. Home to the Silicon Forest (one of Silicon Valley’s competing areas), Oregon welcomes numerous new businesses every year. Whether we’re talking about well-established companies that open key offices here, or startups that look for a good location base, there will always be businesses in search of commercial properties to rent or buy. That’s the reason why real estate agents in Oregon don’t have to go out of their way in order to get clients.
The state of North Carolina has become an attractive spot for people from all over the country. Additionally, thanks to its healthy business environment, more and more startups are setting their base here. All of these translate into a high property rental and buying demand, which is extremely beneficial for real estate agents.
Boasting state-of-the-art real estate schools, New Jersey is a great choice for agents looking for high wages. In fact, Newark and Jersey City are among the cities with the best annual median wages for real estate agents.
The housing market health index in Texas is one of the highest in the country, especially in cities like Laredo and Grand Prairie. Regarding real estate job opportunities, Austin, Dallas, Grand Prairie, Arlington, and Plano are places with a bunch of openings for new and experienced real estate agents.
At the end of the day, it doesn’t matter where you’re at, where you’ve attended real estate courses, because there are factors that balance it out. The market is a bit different in every area; some might be more of a seller market, while others more of a buyer market. However, the opportunity will always be there for the person who applies the real estate fundamentals and principles.
Delia is a freelance copywriter and digital marketing specialist who’s always trying to handpick great insights and turning them into relevant stories for her audience. In her spare time, she loves traveling, keeping up to date with the latest science and technology news, and having at least two cups of coffee every day.