Zillow launched its annual checklist of the most popular housing markets this month and 2024 introduced some surprises. The most popular housing market in all the nation was Manchester, New Hampshire, which is the most important metropolis within the small New England state.
Although Manchester shouldn’t be low-cost—house values jumped 7.3% over the previous yr, averaging as much as $415,000, in accordance with the report—it is nonetheless far more cheap than Boston, which is about an hour away by automobile (and has an average home price of round $750,000).
There have been additionally surprises relating to retirement cities.
The place Is the Most Fashionable Retirement Market within the U.S.?
In keeping with Zillow information, this yr’s hottest retirement metropolis was Pahrump, Nevada, a city 50 miles outdoors Las Vegas and much from the standard suspects like Arizona and Florida.
One-third of Pahrump’s inhabitants is 65 and older, in accordance with Zillow.
The No. 2 hottest retirement metropolis was Pinehurst, North Carolina, which was No. 1 final yr, adopted by Hilton Head Island, South Carolina.
These cities have “heat climates and golf programs galore,” making them common for retirees, in accordance with the report, which outlined retirement cities as areas the place not less than 33% of the inhabitants is older than 65 with no kids or different kinfolk (aside from a partner) residing within the house.
To create the full report, Zillow analyzed housing metrics, together with client demand, page-view visitors, house worth development, and the way shortly properties promote.
Zillow
