Best Cities to be a Real Estate Agent

Key phrase: best cities for real estate

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

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.

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 its 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.

• Housing market: Although Zillow reports a recent dip in home prices in Austin, the average price for a home there is $543,380.
• Average income of real estate agents: According to Glassdoor, as of October 2023, the average pay (based on commissions) for a real estate agent in Austin is $112,175.

If the Austin metro area is too busy for your style, consider suburbs such as Round Rock, Georgetown, Cedar Park, and Leander.

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.

• Housing market: The average home value in Phoenix as of October 2023 is $417,088.
• Average income of real estate agents: Based on the data from Glassdoor, as of October 2023, the average base pay for a real estate agent in Phoenix is $118,634 per year.

Golfers and fans of professional sports love Phoenix. Also, consider the suburbs of Chandler, Gilbert, Goodyear, and (of course) Scottsdale.

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.

• Housing market: As of October 2023, the median home value in Tampa is $391,949, down a bit from the previous year.
• Average income of real estate agents: 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.

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.

• Housing market: 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: As of 2023, the average income for real estate agents in Raleigh is $104,997.

Besides being a great city with many beautiful oak trees, residents of Raleigh have access to high-quality healthcare facilities.

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.

• Housing market: The median home value in Nashville is approximately $429,617, according to Zillow estimates.
• Average income of real estate agents: 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.

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.

• Housing market: The average home value in Atlanta in 2023 is $380,298
• Average income for real estate agents: Real estate agents working in and around the Atlanta area earn an average income of $114,161.

Atlanta offers diverse activities and cultural experiences, making it an attractive place to live.

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 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.