The 15 Hottest Housing Markets In The US
From waterfront properties to nightlife hubs, these metro areas are some of the hottest markets in the U.S. this year:
- Combined Market Growth: 16.4%
- Median Home Value: $360,000
- Population Growth (from 2010 – 2020): 21.27%
The Tampa Bay area includes several gems along Florida’s gulf coast, namely St. Petersburg and Clearwater. Because of factors like the area’s sunshine, it’s one of the best places to retire. It also appeals to younger prospective owners looking for warm weather year-round.
REALTOR.com® expects to see a 9.6% growth in sales and a 6.8% growth in prices.
- Combined Market Growth: 12.7%
- Median Home Value: $280,990
- Population Growth (from 2010 – 2020): 14.23%
A Florida city to rival Tampa, Jacksonville offers wide beaches, a thriving nightlife, and the nation’s largest urban park system. But despite its luxury-like attractions, the city has a relatively affordable cost of living.
Jacksonville should see approximately the same sales price growth as Tampa at 6.5%, but only 6.2% sales growth.
Raleigh, North Carolina
- Combined Market Growth: 13.9%
- Median Home Value: $385,500
- Population Growth (from 2010 – 2020): 20.91%
Raleigh is a growing hub for younger professionals. Their unemployment rate is lower than the national average, and there are plenty of job opportunities. Along with that, the city remains relatively affordable, once again making it a draw for recent graduates.
According to REALTOR.com®’s forecast, Raleigh should only experience a 4.3% price growth but a 9.6% sales growth.
San Antonio, Texas
- Combined Market Growth: 8.6%
- Median Home Value: $267,900
- Population Growth (from 2010 – 2020): 20.46%
San Antonio offers affordable living, particularly compared to other large cities in Texas, like Dallas. On top of that, there are many family-friendly activities nearby. Thus, the historic city may be promising for young or growing families.
This year, San Antonio will likely only see 3.5% price growth and 5.1% sales growth.
Charlotte, North Carolina
- Combined Market Growth: 15.5%
- Median Home Value: $370,000
- Population Growth (from 2010 – 2020): 26.51%
While there’s variety with the seasons, Charlotte’s weather is generally pleasant year-round. This, combined with features such as a strong education system and fantastic museums, make it optimal for raising a family.
REALTOR.com®’s 2022 sales growth dropped for Raleigh from last year, from 13.8% to 9.9%. But price growth will remain relatively the same at 5.6%.
- Combined Market Growth: 11.1%
- Median Home Value: $422,100
- Population Growth (from 2010 – 2020): 13.48%
Nashville promises new homeowners lower taxes and plenty of exciting nightlife. You have your choice of eateries and live music venues, which people of all ages can enjoy.
Nashville’s forecast puts price increases at 5.6% year-over-year, and sales should increase at a similar rate of 5.5%.
- Combined Market Growth: 13.5%
- Median Home Value: $402,750
- Population Growth (from 2010 – 2020): 26.83%
The cost of living in Atlanta is moderate when you put it against other cities. For example, it’s around 23.88% less expensive than New York. Although, that doesn’t include rent – rent averages 53.98% lower than the Big Apple. Its lower taxes also make it a comparatively low-priced place to live.
Based on projections, Atlanta’s sales should jump up 10% over the year, but prices will move at a modest 3.5% increase.
- Combined Market Growth: 14.3%
- Median Home Value: $440,000
- Population Growth (from 2010 – 2020): 21.74%
People dream of visiting Phoenix for its many attractions, including its relative proximity to the Grand Canyon and Las Vegas. But it may just appeal to you long-term. There is a plethora of job opportunities for those who settle down.
Realtor.com®’s data expects Phoenix’s sales to increase by 7.5% and prices to increase by 6.8%.