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 client demand, page-view visitors, dwelling worth progress, and the way rapidly properties promote to create the listing.
The most popular city of 2024 general is Manchester, New Hampshire. Zillow notes that regardless of “rising curiosity amongst dwelling customers,” contributing to dwelling values “leaping 7.3% over the previous yr, as much as $415,000,” it’s nonetheless cheaper than Boston, which is just about an hour by automobile away.
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Although Manchester is New Hampshire’s largest metropolis, most locations on the listing 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,” mentioned 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 each day commutes have been the norm. Patrons are searching for out areas that provide the correct mix of reasonably priced residing and life-style facilities. Including to the worth stress, new listings can stay sparse within the hottest spots as current house owners proceed to carry on and maintain again.”
Just one West Coast market made the listing, regardless of it being the No. 1 market in 2021. The Midwest additionally took two spots.
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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. This is a have a look at some standouts.
The most well-liked giant metropolis: Toledo, Ohio
The everyday dwelling in Toledo is value $121,000, which makes it makes it an “enticing choice for patrons searching for affordability,” in accordance with Zillow knowledge. Toledo can be near Lake Erie and has a “thriving artwork scene.”
For giant cities, San Jose, California, took No. 2, and Wichita, Kansas, holds the third spot.
Toledo Veterans’ Glass Metropolis Skyway Bridge – Getty
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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 listing is Elizabethtown, which has “picturesque streets, native retailers, and parks,” per Zillow.
Elizabethtown solely has a inhabitants of around 12,000, however properties there usually go beneath contract inside 5 days of being in the marketplace, the report notes.
Different cities that made the listing 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 provides 17 miles of shoreline alongside Lengthy Island Sound, which helped it change 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 listing.
Santa Cruz, California, and Barnstable, Massachusetts, full the highest 5.
Autumn in Milford, Connecticut – Getty
