Suppose you're starting your career as a real estate agent or considering moving to another city with better possibilities. In that case, you're probably wondering which places in the U.S. have the most promising markets. Let's look at the list of the best cities to be a real estate agent in 2021.
Key points to consider
The following list of the best cities to be a real estate agent in 2021 is made according to these key points:
- What is the real estate agent's median salary in this city? Income is likely the most important factor to consider when starting a career or moving elsewhere.
- What’s the cost of living in this city? A high salary in an expensive city is usually less attractive than a lower salary in an affordable town. So, it would be best if you considered the affordability.
- Is there a demand for real estate agents in this city? If there’s a high median income and low cost of living, that’s great, but are there enough job opportunities?
- Home turnover rate - It's essential to check the percentage of sold properties in the previous year in a particular city.
Los Angeles, California
Los Angeles is one of the most important metropolitan destinations in the U.S. It's not just because of the film business and fantastic scenery, but also because of the amazing architecture, excellent restaurants, and many brilliant tech companies. It's one of the most ethnically expansive and diverse cities which is constantly evolving. Therefore, the Los Angeles area attracts the wealthiest people. Licensed real estate agents have great opportunities to open their horizons and service the most eccentric clients with many creative ideas.
Newport Beach, California
There is a wide variety of properties in Newport Beach, California, and many have very high values. Therefore, this city attracts many different types of buyers. There are many popular types of homes available, such as:
- Charming homes on the sand
- Luxurious homes on the water
- Exclusive villas with ocean views
- Standard homes
Even though a good knowledge of the overall market is necessary to operate here, real estate agents can make a great network and expect very high compensation for their work.
New York City, New York
New York is known as the city that never sleeps, which is especially true for real estate. Real estate agents here often show properties until 9 PM and take calls even after that time. Then, when a new day starts, they are busy again with morning meetings from as early as 7 AM.
If you want to be a real estate agent in this city, you must plan to be very flexible with your time, as the demand for apartments is very high. New York is great for agents who are hard-working, reliable, precise, confident, and ready to improve their skills constantly. Furthermore, markets with a young population, such as New York City, are suitable for an agent specialized in rentals.
Seattle tops this list of the best cities to be a real estate agent in 2021. Homes here don't stay long on the market, and there are solid real estate job opportunities. In addition, Seattle's robust tech industry and many other factors draw people to move there and buy real estate.
Austin is a very affordable place to live, and it offers many innovative amenities. That’s what attracts many homebuyers. Agents with a Texas real estate license can expect to have a higher salary than the country’s average.
Fort Lauderdale, Florida
Fort Lauderdale ranks very high in the number of real estate agent jobs. The city's median single-family home price rises each year, so agent’s commissions become bigger as well.
Tampa offers attractive home prices, which are pretty low compared to other markets in Florida. So, homes here sell very fast. Homebuyers are amazed by:
- Beautiful waterfront parks
- Large public bike trails
- Gorgeous tree-lined streets
- Picturesque historic neighborhoods
- Modern skyscrapers and a bustling downtown
- Countless cultural institutions
- And, of course, mild and sunny weather throughout the year.
That's also why real estate agents love living and working here (in addition to a good salary and thriving real estate market).
Denver is currently one of the leading real estate markets in the entire U.S. There is a high demand for homes, lots of cash investors, so homes sell very fast in general. As a result, agents can find many work opportunities here, and this trend will probably continue in the future.
The nation's capital is excellent for real estate agents because it offers plenty of opportunities. The city ranks very high in terms of agents' annual median wage and real-estate employment growth. In addition, D.C.’s overall job market is strong. There are many jobs in Government, the tech industry, and the hospitality industry, so more and more people are buying homes here after finding a perfect job. Therefore, real estate agents are in high demand.
Moving your business to one of the best cities to be a real estate agent
Moving your business to a different location is never easy. Thus, those real estate agents who decide to transfer their businesses elsewhere should make an informed decision and consider all the crucial factors and pros and cons of moving to a particular city. Moving your business consists of many time-consuming tasks, so it can take weeks to plan. Support and help from your family and friends may be very helpful in this process. Also, you should make to-do lists and hire adequate professional service for many tasks ahead of you. With a good plan and good organization, the relocation of your business can be smooth and successful, and you can continue with your work in no time.
Real estate agents have many great options for life and work throughout the U.S. Each of the listed best cities to be a real estate agent in 2021 has favorable conditions where you can thrive. Of course, not every city suits every lifestyle, but after doing thorough research, you’ll be able to determine which one is ideal for you.