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The COVID-19 pandemic sparked a surge in interest for mountain homes as Americans sought quieter areas. Colorado is a prime example, with a study by the Northwest Colorado Council of Governments noting a sharp rise in home prices and high demand for housing. This trend extends beyond resort locations to mountain towns across the US.
We spoke with real estate agents and investors in growing areas to identify the best mountain towns to buy property in the next five years.
Bend, Oregon
Average home price: $728,226
12-month change: 1.2%
Realtor Suzanne Moore praises Bend as a great investment opportunity due to its solid appreciation and cash flow potential. The area's charm, rising property values, and year-round tourism make it an attractive choice for buyers.
Blue Ridge, Georgia
Average home price: $491,808
12-month change: 1%
Charissa Bright calls Blue Ridge a "growing gem" with excellent rental demand due to its access to jobs, quality healthcare, schools, and outdoor recreation opportunities. Home sales are booming, driven by primary residences and investment properties.
Fort Collins, Colorado
Average home price: $554,755
12-month change: 0.9%
Fred Porter notes that Fort Collins is a desirable place to live, with great schools, a robust job market, and outstanding outdoor recreation. The city's population is expected to double in the next 25 years, driving up average home prices by 22% over four years.
Seattle
Average home price: $848,982
12-month change: 3.1%
Chris Reis highlights Seattle's strong economy, educated workforce, and high-paying jobs as drivers of its significant growth. The real estate market consistently faces a shortfall between demand and supply, making it an attractive opportunity for homeowners and investors.
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