How Your Home Equity Benefits from Living in a Tech Town
For some time now, tech jobs have been moving out of the largely popular Silicon Valley in search of new metro areas. That's good news for urban-area homeowners—because a booming tech industry is a clear predictor of a city's economic growth. And, location plays a key role in property values. Homes located in tech towns will appreciate in value due to their desirable location. Specifically, home buyers want to live near great schools, travel a reasonable commute to work and enjoy proximity to shops and restaurants. The in-demand tech industry creates a revolving cycle of job opportunities and robust local economies. As a result, your home equity will increase over time, leaving room for endless opportunities to tap it, including for home improvement, college education or paying for a major life event.
So, is your city on the 'Tech Town' list? Check out our infographic below to find out. Our infographic includes research showing the country's fastest growing tech cities, Median Home Values (MHV) & Median Tech Salaries (MTS) based on in-demand software engineering jobs. The future is here!