T
he US healthcare sector has emerged as a beacon of growth in an otherwise sluggish economy. While job creation stagnated across most industries, healthcare jobs surged 4% in 2024, accounting for one in ten positions nationwide. This trend is unlikely to abate, driven by advances in medical knowledge, cutting-edge technology, and an aging population's increasing demand for care.

    As the sector continues to expand, its impact on local real estate markets will be substantial. Markets with growing populations are poised to benefit from this growth, but other factors such as the size of the older demographic and the type of healthcare jobs available also play a significant role.

    Our analysis reveals 15 markets where healthcare job growth outpaced the national average in 2024. Boise, Durham, Phoenix, and Provo stand out for their strong population growth, while Allentown, New York, Rochester, and Syracuse are driven by an aging population despite stagnant population growth.

    These markets offer promising prospects for real estate investors, particularly those focused on rentals and lower-end owner properties. The average annual salary for healthcare jobs is $63,000, but pay varies significantly depending on the type of facility or service. Investors who understand which segments of the local healthcare industry are expanding can make more informed decisions about real estate investments.

    By examining the intersection of population growth, demographic trends, and healthcare job creation, investors can identify markets with a high potential for long-term support and stability.