What State Makes The Most Money In Real Estate

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What State Makes The Most Money In Real Estate Broker income tends to be slightly higher than real estate agent earnings in the majority of states according to the study Note The BLS data does not have data for 11 states so the information is less complete for brokers Forbes cautions The top 10 states where real estate brokers earn the most money on average New Mexico 112 860

The best paying job in real estate as of February 3 2024 is a mortgage loan officer A mortgage loan officer in the United States earns an average salary of 182 422 and a highest potential salary of 405 102 A mortgage loan officer is a professional who specializes in assisting borrowers in the process of applying for a mortgage to purchase After extensive research by the Zippia data science team we identified these details of realtor salary by state for the United States Connecticut has the highest realtor salary of 47 384 Kansas has the lowest realtor salary of 23 427 The national average salary for realtors is 38 290 The national hourly pay for realtors is 18 41

What State Makes The Most Money In Real Estate

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Even though real estate agents make a nationwide average of 85 793 every agent makes a different salary Salaries can range from 25 000 to over 1 000 000 a year To make more money as a real estate agent you will need to focus on gaining more experience increasing your effort and dedicating more time to your profession Here s a breakdown of the top 10 states in which real estate brokers earn the most money on average New Mexico average real estate agent salary 112 860 Massachusetts average real estate

As of January 2019 the average annual earnings for real estate sales agents was 41 289 according to salary How much money real estate agents make per year however depends on several of California s housing market remains the nation s most valuable reaching 9 5 trillion last December and representing roughly one fifth 19 5 of the national total Florida 3 6 Tr New York 3 3 Tr Texas 3 2 Tr and Washington 1 6 Tr round out the top five

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After extensive research by the Zippia data science team we identified these details of real estate agent salary by state for the United States West Virginia has the highest real estate agent salary of 111 744 Hawaii has the lowest real estate agent salary of 53 112 The national average salary for real estate agents is 91 788 The demand to broker ratio Real estate markets with high demand for brokers will result in higher average salaries Let s say Small Town USA has a median real estate broker salary of 100 000 And the median real estate broker salary in New York City is 110 000

There are pros and cons to each of these 20 best states depending on your specific investment strategy so we ve listed them in alphabetical order 1 Arkansas Median home value 159 714 Median home value increase year over year 15 3 Occupied housing 84 Average rent 914 month Still with its high income state and other positive variables it s one of the best states to invest in real estate 8 Virginia Virginia has a 1 257 average monthly rent ranking 10th highest in the country The state s residents have a high median household income of 80 963 the 11th highest out of all 51 states

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What State Makes The Most Money In Real Estate - The most common way to make money in real estate is through appreciation an increase in the property s value Location development and improvements determine real estate appreciation Real