The success of a real estate agent depends on various factors – some out of their control. These factors may include the local real estate market and economy, real estate prices, and the amount of competition within the industry. With those factors (and more) in mind, here are the best cities for real estate – from an agent’s perspective.
Best Cities for Real Estate Agents in the United States
To identify the best-paying cities for real estate agents, we used a report that analyzed market growth and stability, competition, earning potential, and affordability. Here’s what was uncovered about the best cities for real estate agents.
1. Austin, Texas
It’s not surprising that Austin, Texas, is on the list of best cities for real estate agents. Big tech, including Tesla, Amazon, Google, and Apple, have been moving to Austin, a city rich with a vibrant music and arts scene.
But it’s not just Austin proper that has experienced tremendous growth. Look at the suburbs and communities surrounding Austin, including those springing up in the Texas Hill Country and along the Austin to San Antonio corridor.
Here’s why Austin, Texas, is one of the top 10 cities to work as a real estate agent in the U.S:
Housing market in Austin, Texas:
Although Zillow reports a recent dip in home prices in Austin, the average cost for a home there is $551,906.
Average income of real estate agents in Austin, Texas:
According to Glassdoor, as of April 2024, the average pay (based on commissions) for a real estate agent in Austin is $125,393.
If the Austin metro area is too busy for your style, consider suburbs such as Round Rock, Georgetown, Cedar Park, and Leander.
2. Phoenix, Arizona
Another “hot” city in terms of real estate and temps is Phoenix, Arizona – and the surrounding area. However, regarding the area’s real estate market, the demand for housing is more than the supply. This means that working as a buyer’s agent may be challenging.
Here’s why Phoenix, Arizona, is one of the top 10 cities to work as a real estate agent in the U.S.
Housing market in Phoenix, Arizona:
The average home value in Phoenix as of May 2024 is $430,469.
Average income of real estate agents in Phoenix, Arizona:
According to Indeed in May 2024, the average base pay for a real estate agent in Phoenix is $120,104 per year.
Golfers and fans of professional sports love Phoenix. Also, consider the suburbs of Chandler, Gilbert, Goodyear, and (of course) Scottsdale.
3. Tampa, Florida
We head to the East Coast with our next pick of the best cities for real estate agents. Tampa is more affordable than other Florida markets, and you still have relatively close beach access and beautiful views.
Here’s why Tampa, Florida, is one of the top 10 cities to work as a real estate agent in the U.S:
Housing market in Tampa, Florida:
As of May 2024, the median home value in Tampa is $385,082, down a bit from the previous year.
Average income of real estate agents in Tampa, Florida:
According to Glassdoor, the average income of a real estate agent in Tampa is $109,978. Tampa has many family-friendly neighborhoods and parks. Consider the suburbs of Brandon, Westchase, Bloomingdale, or Wesley Chapel.
4. Raleigh, North Carolina
Raleigh has many museums, great universities, spectacular gardens, and walking trails. It’s the second-largest city in North Carolina and has been experiencing a steady population growth.
Here’s why Raleigh, North Carolina, is one of the top 10 cities to work as a real estate agent in the U.S:
Housing market in Raleigh, North Carolina:
The housing market in Raleigh has been appreciating over the past few years. The average price of homes in Raleigh is $433,120.
Average income of real estate agents in Raleigh, North Carolina:
As of 2024, the average income for real estate agents in Raleigh is $125,808.
Besides being a great city with many beautiful oak trees, residents of Raleigh have access to high-quality healthcare facilities.
5. Nashville, Tennessee
Another great city for listing agents is Nashville, Tennessee. The inventory is low, so homes sell quickly and above the asking price. Nashville is the largest city in Tennessee and is expected to continue to grow.
Here’s why Nashville, Tennessee, is one of the top 10 cities to work as a real estate agent in the U.S:
Housing market in Nashville, Tennessee:
The median home value in Nashville is approximately $429,617, according to Zillow estimates.
Average income of real estate agents in Nashville, Tennessee:
The average income of real estate agents working in Nashville is $110,531.
Nashville offers many benefits besides a robust housing market. The region has a mild climate, and the live music scene can’t be beat.
6. Atlanta, Georgia
Another southern city experiencing tremendous growth, Atlanta, is great for real estate agents. In fact, the National Association of Realtors named Atlanta and the surrounding area the number one market to watch this year, citing its population growth, affordability, and robust job market.
Here’s why Atlanta, Georgia, is one of the top 10 cities to work as a real estate agent in the U.S:
Housing market in Atlanta, Georgia:
The average home value in Atlanta in 2024 is $400,699.
Average income of real estate agents in Atlanta, Georgia:
Real estate agents in and around Atlanta earn an average income of $114,161.
Atlanta offers diverse activities and cultural experiences, making it an attractive place to live.
7. Denver, Colorado
Denver is a vibrant city with a strong job market and an active outdoor lifestyle, which attracts many homebuyers. Its housing market has been robust, and real estate agents can thrive in this dynamic environment.
Here’s why Denver, Colorado, is one of the top 10 cities to work as a real estate agent in the U.S:
Housing market in Denver, Colorado:
The average home value in Denver as of May 2024 is $579,019.
Average income of real estate agents in Denver, Colorado:
According to Glassdoor, the average income for real estate agents in Denver is $115,634.
With its booming economy and scenic surroundings, Denver offers numerous opportunities for real estate agents, particularly in neighborhoods like Highlands Ranch, Cherry Creek, and Capitol Hill.
8. Seattle, Washington
Seattle’s robust tech industry and beautiful natural surroundings make it attractive for homebuyers. The real estate market here is competitive but rewarding for agents who can navigate its complexities.
Here’s why Seattle, Washington, is one of the top 10 cities to work as a real estate agent in the U.S:
Housing market in Seattle, Washington:
The median home value in Seattle is approximately $776,790.
Average income of real estate agents in Seattle, Washington:
Real estate agents in Seattle earn an average income of $120,532.
Seattle’s neighborhoods like Ballard, Queen Anne, and Capitol Hill are highly sought after, offering agents a variety of opportunities to close high-value deals.
9. Dallas, Texas
Dallas is another city in Texas with a booming real estate market. Its affordability compared to other major cities and strong economy make it a prime location for real estate agents.
Here’s why Dallas, Texas, is one of the top 10 cities to work as a real estate agent in the U.S:
Housing market in Dallas, Texas:
The average home value in Dallas as of May 2024 is $371,777.
Average income of real estate agents in Dallas, Texas:
According to Glassdoor, the average income for real estate agents in Dallas is $112,385.
Dallas offers a variety of neighborhoods, from the upscale Highland Park to the trendy Deep Ellum, providing numerous opportunities for real estate professionals.
10. Charlotte, North Carolina
Charlotte is known for its quality of life and booming banking industry, which has helped drive its real estate market. It’s an excellent city for real estate agents due to its growth and relatively low competition.
Here’s why Charlotte, North Carolina, is one of the top 10 cities to work as a real estate agent in the U.S:
Housing market in Charlotte, North Carolina:
The average home value in Charlotte is $393,567.
Average income of real estate agents in Charlotte, North Carolina:
Real estate agents in Charlotte earn an average income of $108,764.
Charlotte’s thriving communities like South End, Uptown, and NoDa provide ample opportunities for agents to succeed in the real estate market.
Don’t Settle for Average
As you consider the income of real estate agents in some of the hottest real estate markets, remember that these figures represent the average. Do you want to earn more than average as a real estate salesperson? You must put in the hours, have a laser-focused marketing plan, and continually increase your industry knowledge.
Colibri Real Estate is here to help. We offer helpful real estate continuing education courses taught by industry experts. Use them to renew or upgrade your real estate license – and improve your income.Are you considering a move to one of these best cities for real estate agents? Visit Colibri Real Estate to begin your state-specific pre-licensing education.
