Zillow launched its annual list of “hottest cities” this week, and the Northeast dominated for the second yr in a row—Connecticut alone took 4 spots within the prime 10. Zillow analyzed housing metrics, together with shopper demand, page-view site visitors, house worth progress, and the way rapidly properties promote to create the checklist.
The most popular city of 2024 general is Manchester, New Hampshire. Zillow notes that regardless of “rising curiosity amongst house consumers,” contributing to house values “leaping 7.3% over the previous yr, as much as $415,000,” it’s nonetheless cheaper than Boston, which is simply about an hour by automobile away.
Associated: These Are the ‘Wealthiest and Safest’ Places to Retire in the U.S. None of Them Are in Florida
Although Manchester is New Hampshire’s largest metropolis, most locations on the checklist are thought-about “exurbs,” outlined by Zillow as “charming smaller cities located past the suburbs but inside commuting distance of a significant metropolitan space.”
“In one other yr of upper mortgage charges, areas of affordability and alternative have been heart stage in 2024,” stated Zillow Chief Economist Skylar Olsen in a press release. “With the rise of hybrid work fashions, extra individuals are discovering hidden-gem cities they may have beforehand ignored when every day commutes have been the norm. Patrons are searching for out places that provide the right combination of inexpensive residing and way of life facilities. Including to the value stress, new listings can stay sparse within the hottest spots as present homeowners proceed to carry on and maintain again.”
Just one West Coast market made the checklist, regardless of it being the No. 1 market in 2021. The Midwest additionally took two spots.
Associated: The 15 Best Places to Live in the U.S., Where Homes Are Cheaper, and There Are Lots of Jobs to Choose From
Manchester, New Hampshire skyline alongside the banks of the Merrimack River in autumn – Getty
Listed below are the highest 10 hottest markets of 2024
1. Manchester, New Hampshire
2. Rockford, Illinois
3. Stamford, Connecticut
4. Columbia, Maryland
5. Bridgeport, Connecticut
6. Allentown, Pennsylvania
7. Peoria, Illinois
8. New Haven, Connecticut
9. Waterbury, Connecticut
10. Sunnyvale, California
Zillow additionally revealed knowledge on particular areas. Here is a have a look at some standouts.
The most well-liked massive metropolis: Toledo, Ohio
The standard house in Toledo is value $121,000, which makes it makes it an “enticing possibility for consumers searching for affordability,” in response to Zillow knowledge. Toledo can be near Lake Erie and has a “thriving artwork scene.”
For big cities, San Jose, California, took No. 2, and Wichita, Kansas, holds the third spot.
Toledo Veterans’ Glass Metropolis Skyway Bridge – Getty
Associated: These Are the Safest States to Retire, According to the FBI
The most well-liked small city: Elizabethtown, Pennsylvania
A two-hour drive from Pennsylvania’s state capital, Philadelphia, the No. 1 small city on the checklist is Elizabethtown, which has “picturesque streets, native outlets, and parks,” per Zillow.
Elizabethtown solely has a inhabitants of around 12,000, however properties there sometimes go underneath contract inside 5 days of being in the marketplace, the report notes.
Different cities that made the checklist have been No. 2 Vermilion, Ohio, and No. 3 Roscoe, Illinois.
Elizabethtown, Pennsylvania, October 7, 2020 – Putting in a New Yellow Passenger Vintage Coach – Getty
The most well-liked coastal metropolis: Milford, Connecticut
Milford affords 17 miles of shoreline alongside Lengthy Island Sound, which helped it develop into the preferred coastal metropolis for 2024.
Additionally in Connecticut, West Haven took No. 2, whereas South Portland, Maine, secured the third spot on the checklist.
Santa Cruz, California, and Barnstable, Massachusetts, full the highest 5.
Autumn in Milford, Connecticut – Getty
