Boom Towns are regional locations undergoing an economic surge from new infrastructure spending or major industrial projects.
Often such developments involve capital investment of $500 million or $1 billion or more - and their construction and ongoing operation create significant numbers of new jobs, placing pressure on housing supply. This drives rents and property prices higher, presenting opportunities for real estate investors.
Because of the inherent risks in buying in one-industry locations, the locations featured in our Boom Towns report tend to be large towns or small cities which have well-rounded economies.
Don't miss out on the property growth areas listed in Hotspotting's new edition of Top 5 Boom Town Hotspots 2017.