Hottest Markets for Land Investing in 2024: Top Locations to Watch
The U.S. land investing market in 2024 is seeing significant growth, particularly in the Southeast and Southwest regions. Here’s a look at some of the hottest markets where investors are capitalizing on rising demand and shifting urban sprawl.
1. Texas – A State of Expanding Opportunity
Texas remains one of the hottest states for land investment. Cities like Austin, Houston, and San Antonio are experiencing a ripple effect as urban sprawl pushes development farther from city centers. Rural properties 30–60 minutes outside these cities are seeing significant interest from developers and individual buyers alike. Additionally, West Texas ranchlands are attracting investors for both agricultural and recreational use (National Land).
2. North Carolina – Charlotte and Beyond
Charlotte, North Carolina, is a prime example of a city driving demand for surrounding land. Development is expanding further away from urban cores, with investments stretching over an hour outside the city. Areas surrounding Charlotte, such as Gastonia and Concord, have seen substantial increases in land sales due to their proximity to growing infrastructure (Land Investing Online).
3. Tennessee – Nashville’s Development Boom
The Nashville metro area continues to be a hotbed for land investments, with developments reaching into Murfreesboro, Lebanon, and beyond. With homebuyers and developers moving outward from Nashville, land prices in suburban and rural Tennessee are on the rise (Land Investing Online).
4. Florida – Affordable Coastal and Inland Opportunities
Florida offers a unique combination of coastal and inland investment opportunities. While coastal areas near Tampa and Jacksonville have been hot for years, the land further inland—especially near Orlando—is attracting new investors due to affordability and potential for residential and commercial development (National Association of REALTORS®).
5. Georgia – Atlanta’s Expanding Radius
Land surrounding Atlanta is becoming increasingly desirable, particularly in areas like Dahlonega and Carrollton. The growing demand for suburban and exurban living post-COVID is fueling investments in land within a 2-3 hour drive from the city (National Land).
Conclusion
As demand for rural and suburban living increases, the land market in these regions is expected to continue thriving throughout 2024. Investors are focusing on areas experiencing outward development from major cities, making now a prime time to explore opportunities in these hot markets.
