These Downtown Areas Are Perfect for Real Estate Investing

If you are looking for a new and exciting area to move to, there are plenty of small cities full of possibilities. Cities such as Scottsdale or Boise can be great places for young professionals to thrive and even invest in real estate opportunities. Many small cities have vibrant social scenes, various employment opportunities, and affordable real estate. 

Downtown Scottsdale

Scottsdale, Arizona has experienced a great deal of population growth in the downtown area recently. Within downtown, young professionals continue to purchase affordable condominiums to live in and for investment purposes. Old Town Scottsdale, also known as Downtown Scottsdale, has attractions for people of all ages. 

For example, the Scottsdale Fashion Square Mall has a variety of restaurants and shops. If you are interested in outdoor activities, the Civic Center Park can be a great place to take a stroll in the early mornings or evenings. Many who are interested in art peruse the many galleries along Main Street, which offer a unique taste of the Old West. In Old Town Scottsdale, a wide variety of activities are within walking distance. Therefore, it is quite commonplace to see young professionals or families walk the streets en route to a restaurant, a bar, or a local attraction. 

Condos for sale in Scottsdale can be fairly affordable, even in the downtown area. Depending on the square footage and number of bedrooms, condos for sale in Scottsdale can range from $200,000 to $400,000. Many professionals work for Honor Health, one of the largest employers in the Scottsdale area. Yelp, a favorite restaurant review website for the masses, also employs over 1000 individuals within the Scottsdale area. 

Downtown Colorado Springs

Colorado Springs, Colorado is another hidden gem with a growing downtown area. Colorado Springs has experienced a great deal of population growth as people move to the area from other larger cities and small towns. Downtown has several unique shops and fabulous restaurants for people of all ages to walk to. On Saturdays, many residents visit the Pioneers Museum, which outlines the history of the state of Colorado. 

Others visit the Colorado Farm & Art Market, which provides residents and tourists with local produce and unique artwork. At night, young professionals walk the streets of downtown to socialize at restaurants or bars. In the downtown area, the local area is fairly affordable. In some instances, you can find a spacious condominium for under $250,000. Colorado Springs can be great if you enjoy outdoor activities such as hiking or skiing. 

Fort Carson, an army base in Colorado Springs, employs over 15,000 people. Colorado Springs also conducts a great deal of space research. The Combined Services Space Center and the Consolidated Space Operations Center employee thousands of young professionals throughout the area. 

Downtown Nashville

Nashville, Tennessee is the home of great barbeque and country music. Downtown Nashville is very vibrant, especially at night when thousands of revilers enjoy live music at local bars and restaurants. The downtown area is so packed with attractions that many people ditch their cars and opt to walk throughout the city. 

Frist Art Museum and Bicentennial Capitol State Park can be great places to visit on a Saturday when you want to learn more about the history of the city. For a fairly large city, downtown Nashville is affordable. You can find a one-bedroom condo starting at around $300,000. 

There are a wide variety of places for young professionals to work. For example, Vanderbilt University Medical Center employs over 20,000 people and Nissan North America employs over 10,000 people. 

Downtown Austin

Austin, Texas is a beautiful city with a great deal of positive energy. Since Austin is the capital of Texas, the beautiful State Capitol building attracts tourists from throughout the state and beyond. Many students attend the world-renowned University of Texas at Austin. At twilight, if you are brave enough, you can visit the bats at the Congress Avenue Bat Bridge. 

Walking through the downtown area is easy and relatively safe within Austin. Many residents visit various barbeque restaurants, bars, and unique shops. Others just sit and people watch while taking in the unique Texas backdrop. Purchasing real estate in Austin can be fairly affordable considering how vibrant the city is. You can find a nice condo for under $300,000. 

Downtown Boise

In Boise, Idaho, the population has grown substantially throughout the years. Tourism has greatly contributed to the local economy as many people flock to enjoy the natural beauty of the city. 

In Boise, you can still have fun without relying on a car. The Boise River runs throughout the downtown area and can be a great place to relax and become one with nature. In the summer, many residents will float down the river under the warm afternoon sun. For those interested in art, Boise’s Freak Alley showcases artwork in the city’s many alleyways. 

Boise has become more attractive to young professionals throughout Idaho and beyond. Within downtown, you can buy a luxury, spacious condo for under $500,000. Since Boise is the capital of Idaho, the state government is the largest employer. Other notable employers include the grocery store chain Albertson’s and Boise Cascade LLC which produces wood and plastic items. 

Summary

You do not have to consider New York, Los Angeles, or Chicago in order to live in a vibrant area. Many small cities have downtown areas that have shops, restaurants, and other attractions for people of all ages. In many of these areas, young professionals are anxious to invest in these downtown areas. When considering a city to live in, investigate all of your options thoroughly, and make an informed decision based on your lifestyle.

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