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ATLANTA – A new study by real estate experts revealed that Georgia ranks in the top 10 best states to work in real estate in America.

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According to new research, California is the best US state to work in real estate.

The research, conducted by real estate experts AgentAdvice, analyzed five metrics relevant to a career in real estate, including median house prices, homeownership rates, competition for real estate roles, average yearly pay for realtors and the cost of living in each state. Each state was scored out of a maximum of 100 points to reveal the best states to work in real estate in America.

The research revealed that California is the best state to work in real estate, scoring 67.95 out of 100. The state has the highest median house prices, at $793,600.

The Golden State also records the second lowest homeownership rates, at 55.5%, and the second-highest average yearly pay for realtors, at $180,349.

The state also has relatively low job competition, as there are only 1.14 people employed in real estate roles per 1,000 jobs. However, it’s worth noting that California has the third highest cost of living index in the country.

Iowa ranks as the second-best state for a career in real estate, scoring 63.17 out of 100. The median house price in Iowa is $289,900. The state has the fourth lowest competition for real estate roles, with only 0.46 people employed in real estate roles per 1,000 jobs. Iowa has the fifth-highest annual realtor total pay, at $167,437, and the sixth-lowest cost of living index, at 89.7 out of 100. The state has the twelfth-highest homeownership rate, at 71.3%.

Nevada scores 62.80 out of 100 and is the third-best state to work in real estate. Its total average annual income of $176,930 for real estate roles is the third highest in the country. The homeownership rate in the state is 62.9%, the ninth lowest in the country. The median house price in the state is $479,299, the twelfth highest in the country.

There are 1.69 people employed in real estate roles per 1,000 jobs in Nevada.

New York closely follows in fourth place with a score of 62.60 out of 100. The state has the third-highest median house prices, at $649,000, and the lowest homeownership rates, at 54.3%. The state also has the fourth-highest average total income for realtors, at $171,565. 0.64 people work in real estate for every 1,000 employed residents of New York.

Illinois ranks fifth on the list with a score of 57.93 out of 100. The total average annual income for real estate roles in the state is $161,272, and the median house price in the state is $266,800.

Georgia scores 56.78 out of 100 and ranks sixth. The state has a homeownership rate of 63.3%, the tenth lowest, and the state has a median house price of $389,500. The average total annual income for realtors in the state is $158,071.

New Jersey ranks seventh with a score of 55.13 out of 100. The state has the second-lowest rate of people employed in real estate roles, with 0.32 people employed in real estate positions per 1,000 residents in the state. The median house price in the state is $485,900.Tennessee ranks eighth, with a score of 54.59 out of 100. There are 1.08 people employed in real estate positions per 1,000 residents in the state.

Arizona ranks ninth with a score of 53.85 out of 100, with realtors earning an average yearly income of $180,516. Utah rounds out the top ten with a score of 53.26 out of 100 and a median house price of $263,700.

Maine was found to be the worst to work in real estate with a score of 31.82 out of 100. While the state has low competition for real estate positions, with only 0.62 people employed in real estate roles per 1,000 jobs, it also has the second highest homeownership rates, at 77.2%, and a relatively low annual average income for realtors, at $147,191.

Chris Heller, co-founder of AgentAdvice, commented:

“This study provides a fascinating insight into which states are the best for pursuing a career in the real estate industry. California emerging in first place is perhaps unsurprising as the state boasts a booming real estate market, with high demand for properties in popular cities such as Los Angeles, San Francisco, and San Diego. This means plenty of opportunities for realtors to make lucrative deals and earn substantial commissions.

“The state also has some of the most expensive housing markets in the country, leading to higher average home prices and larger commission payments for real estate agents. Additionally, with its sunny climate, California offers realtors a combination of high earning potential, strong market demand, and an overall pleasant working environment that makes it an ideal place to build a successful career in real estate.”