Decentralization saves businesses money, giving them managerial incentive. The lockdown forced many businesses who wouldn’t traditionally lean that direction to do so.
As a result, many looking for somewhere to live today have decided the best course of action is to find cost-effective locations where they can remotely work. By 2021’s end, 1 in 4 Americans will work remotely.
When you don’t need to commute to go to work, you can work from essentially anywhere. With that in mind, following are six of the best and worst places to rent in America.
1. Idaho: Surprisingly Good – Especially Around Coeur d’Alene
Coeur d’Alene is a beautiful locale in the northern part of Idaho, and it’s favored by many from San Diego up to Seattle. Just look at Idaho moving trends to get an idea how popular this state is right now. Coeur d’Alene is, perhaps, one of the most cosmopolitan spots in the state. But the real estate market is low on inventory, meaning it’s high on pricing right now.
Accordingly, if you can rent, you’ll have a better chance of getting a deal in a hot community. So, especially for digital nomads and remote workers from the west coast, Idaho has become a go-to destination.
Las Vegas, Nevada, and Phoenix and Flagstaff of Arizona also represent places many L.A. locals are headed now.
Idaho is a more sustainable option for a lot of reasons, though; not least of which being, there are more reliable localized economies throughout the state.
2. South California; San Francisco to San Diego: Not So Good
Everybody is leaving South California right now. Rental rates are through the roof, and landlords lost their hats during the pandemic, meaning they’re looking to get their money back.
Housing prices are inflated beyond all reason for a number of reasons, and that’s the case from San Diego to San Francisco. Big cities are a rough prospect for rental in 2021 across California.
3. Denver: a Better Place to Live Than Most
Denver is a hot place right now in terms of industry and housing. Sites like the following, www.usajrealty.com, can help you find fine rental deals. There are very affordable options outside Denver’s metropolitan center, allowing residents to enjoy the benefits of the city while maintaining affordable living circumstances beyond its center.
4. New Mexico: Not a Very Good Choice
The good news about New Mexico is: it’s super cheap. The bad news is: there’s a reason for that. The state is isolated, nobody wants to live there, and some shady things pertaining to the military define the “back end” of New Mexico’s culture.
Mesa Verde is in New Mexico, and you can dive down the conspiracy rabbit hole for a thousand years on that one.Notice, no specific city is noted here. It’s hard to find a notable, likable, desirable rental community anywhere in New Mexico; even in Albuquerque.
So if you’re looking for unexpected intrigue, you’ll find it in New Mexico. But localized crime rates are high, property values are low, opportunities are scant, and for renters, there’s less to love than to loathe.
5. Chattanooga, Tennessee: Surprisingly Excellent
Chattanooga is a historic community that has endless outdoor activities, is right near a number of large-scale metropolises, has a laid-back community, and a burgeoning arts scene that is beginning to compete with Nashville, if only in the barest way. For renters, Chattanooga is hot.
6. Birmingham, Alabama: Nope
Here’s the good news about Birmingham: it’s only about two hours from Chattanooga, and everything is super cheap. Here’s the bad news: people who live there pride themselves on other places they’ve been. And that’s if they’re doing well enough to travel.
If you want to save money, you can in Birmingham, Alabama, but not all costs are financial. If you’re in Alabama and need to rent, a better spot is Huntsville, which is about a two hours’ drive north of Birmingham.
other related articles of interest:
Renting or Buying: How to Figure Out the Best Finances for You
5 Reasons Why Renting Makes Better Financial Sense than Buying
Finding Your Ideal Rental Location in the United States
Birmingham, Alabama, most places in New Mexico, and most places in South California are not good markets to rent in right now. There are always outliers, and you might find a sweet deal that is impossible to ascertain elsewhere. But for the most part, these places aren’t where you’ll want to go if you’ve got a choice.
Meanwhile, Chattanooga, Tennessee, Denver, Colorado, and Coeur d’Alene, Idaho are fine spots to rent. So do your homework, figure out your budget, and explore different options. You may be surprised at what you find!
Image Credit: best and worst places to rent by twenty20.com
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