How Real Estate Is Driving The New Boomtown

In 1849, thousands of prospectors traveled to California in hopes of finding gold. The original “boomtowns” were a result of some sort of major economic growth, usually because of natural resources. Comparably, Zoomtowns are popping up all over the country as millions of WFA (work from anywhere) remote workers seek to find their new destination to call home.  The Covid-19 pandemic caused many businesses to send their workforce home.  This initially took a period of adjustment to “the new normal.” However, soon many found that working from home had a lot of perks. No stressful commute, more time with your dog, and pants are optional! 

Most remote workers feel that their work/life balance is better now that they don’t have to travel each day to an office.  Keep in mind that Covid-19 caused many homes to turn into not only just your place for solace and retreat but also a virtual office and many times a homeschooling classroom as well.  Global Workplace Analytics predicts that up to 30% of our nation’s workforce will still work from home at least one day per week, even post-pandemic. If you are one of the nearly 5 million people who work remotely and could live anywhere, where would you go? Here are some of the most popular metros that “work from home” people are flocking to in the US.   

DENVER, COLORADO-The Mile High City boasts an average of 300 days of sunshine each year. The Denver area has become very hip with its vibrant areas like RiNo, LoHi, and Cap Hill, to name a few. Whether you enjoy hiking in the mountains or prefer an urban experience, Denver offers a little bit of everything and is one of the fastest-growing cities in the nation. Keep in mind, the cost of living here is as high as its mountain peaks, so make sure you do your research on rental or homeownership costs before making your move.

SAN DIEGO, CALIFORNIA-“America’s Finest City” comes close to sunny Denver with 266 average days of sunshine each year. Trade-in your hiking boots for a surfboard and catch some waves on your lunch break. Diverse with culture, gorgeous beaches, world-class dining, immersive art festivals, music…San Diego has it all. Employment is booming here and though the cost of living may be considerable, the pay rates are substantially higher than the national average. Contrary to popular belief, many neighborhoods are quite affordable such as Chula Vista-part of the “smart city movement.” 

AUSTIN, TEXAS-A recent Work Force report ranks Austin as one of the top relocation cities. This is partially due to the “tech boom,” with many experts forecasting that this could be the new “Silicon Valley.”  The third-largest city in “The Lonestar State” is home to tech giants like Google, Facebook, and also many startups. This has become a magnet for hybrid workers who may be attracted to the flexibility and perks of living in the 5th fastest growing city in the nation. The beautiful weather, diverse culture, and low cost of living compared to other major metros are desirable factors. Another bonus? No state income tax. 

Looking for more affordable options where the cost of living doesn’t break the bank? How about $10k cash to help with your move? Read on…

ARKANSAS-The  Northwest Arkansas Council is offering its Life Works Here initiative to invite remote workers to their region of 12 participating cities. Outdoor enthusiasts rave over the close to 500 miles of trails-both paved and natural surfaces. It is a mecca for trail runners and cyclists. If rock-climbing is your thing, you’ll find it here too. The council is offering $10,000 for applicants ready to make their move. If that’s not enough, they are even throwing in a free mountain bike to fit in with the locals.

TULSA, OKLAHOMA-Looking for a big city with a small-town feel?  Consider Oklahoma’s 2^nd largest city with more than 30 entertainment districts. Plenty of year-round sunshine and mild winters are appealing to both homebodies and outdoor adventurers alike. You will never be at a loss for what to do for fun here with music festivals, green space to explore, and diversified arts and culture. Not only is the cost of living 43% under the national average, but Tulsa Remote is also paying a offering a $10k grant to call the region your new home as a remote worker. As an added incentive, they are throwing in a full-year membership at their premier co-working space, 36 Degrees North in downtown Tulsa. Interested in becoming a licensed real estate agent in Oklahoma? Click here. If you are a remote worker considering a move to one of these fine regions, do your homework and see which city would be the best fit for you and your lifestyle. A newfound work/life balance could be just a few clicks away.