The 10 Best States for Real Estate Agents in 2023
You have arrived at the right location if you are searching for the best place to establish your real estate roots! With the current median salary of $48,770, livable in most locations, what if you could make more? The secret to profiting is often to locate where the money is, as a result of moving to a state or city where the preceding information applies. There are many variables that may contribute to the best state for a real estate agent’s business. Read on to learn what are the best states for real estate agents. To begin with, the following information may be considered: the quantity of housing available, the inventory, the population growth, job growth, and the number of remote work opportunities. The typical salary of a real estate agent will also be taken into account. We’ve gathered the top states to be a real estate agent, so you can see whether your state shapes up and what markets are warming up in 2023.
1. Washington
Washington state has an increasing housing market where 37 days are on the market. Real estate agents in Washington state earn $103,297 on average, but keep in mind that living expenses are 13% above national average. Despite the potential for growth and the honors of being named the best state to find a job, it is worth it.
2. Florida
Florida isn’t just filled with popular attractions. It also has several respectable cities with viable housing markets. Tampa, Miami, Orlando, and Jacksonville are all great places to live. Real estate agents in Florida can earn an average of $93,000.
3. South Carolina
The cost of living in Myrtle Beach and Charleston, South Carolina has risen 10.8% over last year, according to NAR. The median price is $368,800, up 10.8% from last year. Charleston, the Greenville-Anderson-Mauldin areas and job growth, respectively, are the nation’s leading markets.
4. Texas
While many other states on this list have higher real estate salaries, Texas is still a great place to be a real estate agent. The average salary is $83,886, which is lower than some other states on this list. However, Texas is still a great place to work in real estate.
5. Georgia
Even though the Atlanta metropolitan area boasts a large housing market, don’t forget about the lesser-known cities and counties surrounding Georgia, such as Savannah, Augusta, Athens, Macon, and so on. In Atlanta-Sandy Springs-Marietta, a fifth of renters (21.3%) can afford to upgrade to an average dwelling.
6. Nebraska
There are too many people looking over Nebraska for potential real estate deals. The state has been blessed with steady population growth, which has resulted in fantastic real estate conditions! There are many wonderful homes on the market for just under $200,000. The average salary for real estate talent in Nebraska is $96,436, making it an appealing option for homebuyers. Additionally, home prices have risen by 10.3% over the past year, making it particularly prudent to purchase.
7. Virginia
No region of Virginia is identical, from the rural farming villages to the bustling capital cities. Virginia Beach is a great place to settle down as a young professional, a popular tourist destination and a superb place to live. Washington, DC is close by and there are plenty of niches where you can be a real estate agent. The average pay for a Virginia real estate agent is $98,454 and the cost of living is on par with the national average, offering you more take-home pay.
8. Tennessee
Nashville, Knoxville, and Memphis are just a few of the most prominent cities in Tennessee. With a population of 6 million, Tennessee is a desirable place to settle down. Average real estate agent salaries are $87,204 a year, and house prices have risen by 6.6% over the last year, with a median sales price of $367,900. You can’t go wrong living in Tennessee, as it offers excellent music and good food, as well as being inexpensive.
9. Delaware
Despite market conditions, Delaware real estate has remained stable. Home values and prices have held steady, making it an excellent location for your real estate enterprise. Don’t neglect this little state! Delaware has no state or local sales tax, so it’s an attractive destination for relocating. Despite market conditions, Delaware real estate has remained stable. It may be the right location for your real estate business.
10. Wyoming
The natural gas industry draws new residents every year at a low cost of living and beautiful outdoor attractions? Sign yourself up! Real estate agents make around $86,000 annually. Wyoming also has a very competitive real estate market, so you can make a lot of extra cash from your commissions.
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Summary:
What are the best states to be a real estate agent?
The best states include Washington, Florida, South Carolina, Texas, Georgia, Nevada, Virginia, Tennessee, Delaware, and Wyoming.
What are the top markets for 2023?
Some of the top markets for 2023 include Atlanta, Dallas, Knoxville, Jacksonville, Seattle, Charleston, and Virginia Beach.