No matter how the market performs, there are certain cities where real estate agents can still make a great living. Whether you live in or near a top city, it’s worth trying to grab a slice of the market while it’s hot.
Looking for the best place to be a real estate agent? Interested in getting licensed in a new state or moving cities in a state you’re already licensed? We’ve rounded up five top places for real estate agents, considering median income, listing prices, and average days on the market. Keep reading to find out whether your area made the list!
1. Austin, Texas
Austin is Texas’ trendy capitol city, bustling with suburban and urban areas for young professionals. The cost of living and property taxes can be high, but many agree it’s worth it. Austin is also home to many lucrative industries, attracting many new people over the next few years.
For real estate agents looking to boost their commissions, Austin is a booming area. In 2020, the Census Bureau reported a high median household income of approximately $75,000.
In 2022, the median listing price is around $540,000, with 56 days on the market, a massive jump from 2020.
There are no signs of the market growing cold in Austin, with the metro region expected to grow 2% yearly until 2050.
2. Las Vegas, Nevada
Known for its casinos and other tourist spots, Las Vegas can be a hit for real estate agents if you like unique homes and an eclectic atmosphere. People continuously move in and out of homes, allowing you to make the extra cash you’ve been looking for in your commission cuts.
The median household income was $61,356 in 2021 dollars. The median price of houses sold in Las Vegas is $385,000, with an average of 58 days on the market.
3. Tampa, Florida
You’ll seldom find a list without mentioning Florida, with no state income tax and plenty of attractions to keep both residents and tourists entertained.
From Busch Gardens to unique animal attractions, families flock to Tampa for outstanding vacations.
Whether you’re selling a residential home or selling potential rental properties, Tampa is just one of many great places for real estate in Florida. Honorable mentions include Miami, Orlando, and Jacksonville.
The median household income in 2021 dollars is $59,893, and as of December 2022, the median sale price of homes is $400,000 with 26 days on the market. That’s a short time with a great commission!
4. Raleigh, North Carolina
Raleigh is known as the “Research Triangle”, or the Triangle for short, and is home to scientific research jobs and a great real estate market. Nearby Durham and Chapel Hill (yes, that Chapel Hill) are also popular spots with plenty of technology and medical professionals.
You can expect to see plenty of college students and graduating young job-seekers looking for their first home.
Listings in Raleigh spend an average of 39 days on the market with a median sale price of $413,000 and a median income of $72,996 in 2021 dollars.
5. Phoenix, Arizona
Phoenix is perfect for people wanting sun and fun with its gorgeous deserts and other outdoor activities. It’s also attractive for people in the financial and technology job sectors.
As a bonus, Phoenix has consistently added for-sale listings to the housing market since the beginning of 2022.
With 56 days on the market, a median price of $409,995, and a median income of $64,927, the Phoenix market is worth checking out.
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FAQ
Current data shows Austin, Las Vegas, Tampa, Raleigh, and Phoenix are some of the best cities to sell real estate.
Just because you don’t live in the best places for real estate agents doesn’t mean you can’t be successful. The market is constantly shifting, so you don’t need to uproot your whole life for another city unless you’re genuinely interested in the area.
