The real estate market is making a massive recovery. The effects of the global pandemic are slowly working themselves out as housing prices continue to rise due to supply and demand. That\u00a0being said, plenty of smaller or more affordable towns with coastal properties are available.<\/p>\n
Whether you are looking for a summer home to take the grandkids, a rental real estate investment in a high-traffic area, or just a quiet residence to continue your work-from-home career, this list of 2024 best places will help you get started.<\/p>\n
Seeking a coastal property along the Mid-Atlantic region is challenging if you want to stay close to a major city. Instead, seek out the rural community of Hampton, VA, where you are close to modern beach amenities, historical sites, and all the fishing you could ever want.<\/p>\n
The median home value\u00a0sits at\u00a0around $267,242<\/a>, an 8.5% increase since last year. In addition, you get up close and personal with entertainment venues like the American\u00a0Theater,\u00a0Peninsula\u00a0Fine Arts Center, and easy commuting to NASA, Langley, and Hampton University.<\/p>\n It shouldn\u2019t be surprising that Florida is on our list of top coastal properties to invest in real estate in 2024. However, we don\u2019t want to be in the bigger cities where crime and rental businesses are plentiful.<\/p>\n A good alternative is the small town of Port Saint Lucie. It is about an hour from West Palm Beach with Botanical Gardens, a world-renowned Riverwalk Boardwalk, and all the blue water you could want for boating and swimming. The\u00a0median home value is $399,931<\/a>, up 3.5% over the past year.<\/p>\n Let\u2019s take a trip\u00a0over\u00a0to the West Coast and consider the moody beach town of Newport, OR. You can find everything from old-school lighthouses to high-end waterfront dining while watching the whales breach the water in the distance.<\/p>\n The median home value in\u00a0Newport is $470,915<\/a>, up 2.8% in the last year. It has a small-town feel in a family-friendly atmosphere, and modern scientific research centers related to biology, fishing, and environmental studies are nearby.<\/p>\n When looking for worthwhile coastal properties, you don\u2019t want to restrict your search to only the East and West coasts of the country. Plenty of property is available along the Great Lakes region, including Grand Haven, MI.<\/p>\n Here, the median\u00a0home value is $352,170<\/a>, a 0% change from the previous year. This is one of the lower-cost territories in an area widely recognized as one of\u00a0America\u2019s Greenest Cities<\/a>.<\/p>\n If you prefer seeking a coastal property that can grow in value and\u00a0be used\u00a0for lucrative rental income, you may want the picturesque Hilton Head, SC. The beaches around this area\u00a0are frequently ranked\u00a0at the top of most U.S. lists. Combine that with incredible golf courses, beautiful landscapes, and some of the best food you can imagine, drawing in tourism from around the world, and you have a ripe recipe for rental success.<\/p>\n The median home value in Hilton Head, SC, is $771,881<\/a>, up 6.5% over the past year.\u00a0This\u00a0is a high-value area, so be sure to have your funding\u00a0well\u00a0lined up before beginning your coastal property search.<\/p>\n So many investors seem to forget that a good chunk of the great state of Texas sits on coastal property. Galveston is one of the most well-known cities for fun activities, tourism, and incredible waterways. It is also home to a major water park known as Schlitterbahn.<\/p>\n#2 \u2013 Port Saint Lucie, FL<\/h2>\n
#3 \u2013 Newport, OR<\/h2>\n
#4 \u2013 Grand Haven, MI<\/h2>\n
#5 \u2013 Hilton Head, SC<\/h2>\n
#6 \u2013 Galveston, TX<\/h2>\n