By Richie Bernardo from WalletHub
“Location, location, location” might be the most hackneyed expression in the real-estate handbook, but the principle applies just as much to realtors as it does to their clients. After all, success in the industry hinges on both an agent’s work ethic and area of operation.
Indeed, a career in real estate offers abundant perks. You can be your own boss, determine your own schedule, earn a potentially high income, and be ready to help your clients buy, rent or sell properties in just a few weeks or months, depending on your state’s licensing requirements. With time and experience, you could even build your own real-estate brokerage and hire your own agents.
But the job isn’t always a bowl of cherries, especially at the onset, as most established agents are inclined to admit. It requires real commitment, work outside normal business hours, a likeable personality and financial stability — in case of a tough season.
That’s why some locations are better environments than others for this particular profession. WalletHub’s analysts compared the 150 most populated cities to determine which among them is most conducive to a healthy career as a real-estate agent. For this report, we examined a total of 13 key metrics, ranging from sales per agent to annual median wage for real-estate agents to housing-market health index. Scroll down for the results, advice and insight from seasoned real-estate experts, and a detailed description of our methodology.