These are the best places to make real estate investments in 2022 based on where home prices are expected to keep going up

Felicia Hou

<p>When the COVID pandemic hit, it set off a dramatic <a href="https://fortune.com/2021/07/21/home-prices-rising-us-record-rate-2021-update/">uptick</a> in U.S. housing prices, and home price growth is just now beginning to <a href="https://fortune.com/2021/12/13/2022-home-prices-sales-forecast-change-america-100-largest-markets/">decelerate</a>.&nbsp;</p><div class="paywall-selector"></div><div class="paywall">



<p>And although U.S. home values are predicted to rise by only 2.9% in 2022 (versus 19.8% in 2021), buyers will still be navigating a seller’s market, <a href="https://www.realtor.com/research/2022-national-housing-forecast/">according to Realtor.com</a>, a real estate listing site owned by <a href="https://fortune.com/company/news-corp">News Corp</a>. <a href="https://fortune.com/2021/12/02/omicron-overwhelm-world-3-6-months/">Concerns</a> around the Delta and Omicron variants continue to affect return-to-office <a href="https://www.cnbc.com/2021/12/03/google-delays-rto-again-omicron-may-make-it-impossible-to-set-new-return-dates.html">plans</a>, and many people are still working remotely, which could be a <a href="https://fortune.com/2021/09/07/housing-market-changed-reopened-offices/">factor</a> in home sales.</p>



<p>But not all areas of the U.S. are headed in the same direction when it comes to homebuying. While home prices are cooling down in New York and Hawaii, they’re heating up in Maine and Massachusetts. If you’re looking to make a real estate investment in the coming year, there are a few markets that are worth taking a closer look at because of their anticipated price increases. </p>



<h2 class="wp-block-heading"><strong>Portland, Maine</strong></h2>



<p>With a predicted home price growth rate of 10%, according to <a href="https://www.realtor.com/research/2022-national-housing-forecast/">Realtor.com</a>, Portland is the front-runner in terms of anticipated growth in 2022. The most populated city in Maine, Portland is known for its <a href="https://www.vogue.com/article/portland-maine-travel-guide-hotels-restaurants">scenic coastline</a> and is a famous summer getaway destination. U.S. News ranked the city No. 8 in its annual <a href="https://realestate.usnews.com/places/rankings/best-places-to-live">Best Places to Live</a> list, and the Portland market has seen an <a href="https://fortune.com/2021/12/13/2022-home-prices-sales-forecast-change-america-100-largest-markets/">influx</a> of remote workers getting out of pricier markets.</p>



<h2 class="wp-block-heading"><strong>Providence, Rhode Island</strong></h2>



<p>The capital of Rhode Island and its most populous city, Providence is expected to see its home prices grow at a rate of 9.5% in the next year, according to <a href="https://www.realtor.com/research/2022-national-housing-forecast/">Realtor.com</a>. The Rhode Island Association of Realtors reported that the number of <a href="https://www.rirealtors.org/news/2021/08/03/press-release/out-of-state-home-buyers-flock-to-r.i.-in-second-quarter/?locale=zh">out-of-state buyers</a> from places like New York, Massachusetts, and Connecticut increased by 69% in 2021, and called the state as a whole “a haven away from the city.”</p>



<h2 class="wp-block-heading"><strong>Salt Lake City, Utah</strong></h2>



<p>The capital of Utah is known for its outdoor recreation, from hiking to skiing. Coming in at No. 23 on U.S. News’ <a href="https://realestate.usnews.com/places/utah/salt-lake-city">Best Places to Live</a> list, Salt Lake City is expected to see home prices grow by 8.5% over the next year, according to <a href="https://www.realtor.com/research/2022-national-housing-forecast/">Realtor.com</a>. Salt Lake City currently has about 200,000 residents, but Utah’s <a href="https://gardner.utah.edu/wp-content/uploads/Projections-Brief-Final.pdf">population</a> is steadily growing, and the capital is projected to reach 1.7 million people by 2065, according to the University of Utah.</p>



<h2 class="wp-block-heading"><strong>Worcester, Massachusetts</strong></h2>



<p>Located in central Massachusetts a little under 50 miles from Boston, Worcester will see home prices grow 8.2% in 2022. Known as the “Heart of the Commonwealth” because of its central location, Worcester is the second-most-populous city in Massachusetts after Boston. The city was also included in Realtor.com’s <a href="https://www.realtor.com/research/march-2021-hottest-housing-markets/">Top 20 Hottest Housing Markets</a> list earlier this year.</p>



<h2 class="wp-block-heading"><strong>Boise, Idaho</strong></h2>



<p>With its home prices predicted to grow 7.9% in 2022, Boise is a <a href="https://fortune.com/2021/12/13/2022-home-prices-sales-forecast-change-america-100-largest-markets/">burgeoning</a> market for remote workers. It also made the U.S. News’ <a href="https://realestate.usnews.com/places/idaho/boise">Best Places to Live</a> list at No. 11 and Business Insider’s <a href="https://www.businessinsider.com/us-news-best-places-to-live-in-america-2016-3">50 best places to live in America</a>, which described the capital as “a recreationalist’s paradise.”  </p></div>

The hottest markets for anticipated housing prices are in Maine, Rhode Island, Utah, Massachusetts, and Idaho.

Best places to make real estate investments in 2022 based on where home prices are expected to go up

a cityscape of Portland, ME and a skyline of Salt Lake City

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