While some markets have cooled after the pandemic-induced boom, others are poised for significant growth through the end of 2024 and throughout 2025. Various factors, including migration trends, job market expansion, infrastructure development and housing supply constraints, contribute to these regions becoming real estate hotbeds.
GOBankingRates recently conducted a study to find which markets are quickly growing based on increased home value year over year. The statistical growth from 2023 to 2024 can be used as a good indicator of how those markets are projected to continuously grow in 2025. Here are 20 housing markets estimated for growth that you should consider investing in for 2025.
1. Rockford, Illinois
August 2023 average home value: $176,316August 2024 average home value: $195,509One-year home value change (%): 10.89%One-year home value change ($): $19,194
2. Syracuse, New York
August 2023 average home value: $215,526August 2024 average home value: $238,689One-year home value change (%): 10.75%One-year home value change ($): $23,162
3. San Jose, California
August 2023 average home value: $1,411,721August 2024 average home value: $1,562,939One-year home value change (%): 10.71%One-year home value change ($): $151,218
4. Hartford, Connecticut
August 2023 average home value: $333,625August 2024 average home value: $365,085One-year home value change (%): 9.43%One-year home value change ($): $31,460
5. Binghamton, New York
August 2023 average home value: $169,454August 2024 average home value: $185,020One-year home value change (%): 9.19%One-year home value change ($): $15,566
6. New Haven, Connecticut
August 2023 average home value: $342,728August 2024 average home value: $372,992One-year home value change (%): 8.83%One-year home value change ($): $30,264
7. Atlantic City, New Jersey
August 2023 average home value: $332,870August 2024 average home value: $361,554One-year home value change (%): 8.62%One-year home value change ($): $28,684
8. Trenton, New Jersey
August 2023 average home value: $389,573August 2024 average home value: $423,014One-year home value change (%): 8.58%One-year home value change ($): $33,441
9. Bridgeport, Connecticut
August 2023 average home value: $578,561August 2024 average home value: $626,365One-year home value change (%): 8.26%One-year home value change ($): $47,803
10. Norwich, Connecticut
August 2023 average home value: $359,126August 2024 average home value: $388,652One-year home value change (%): 8.22%One-year home value change ($): $29,526
11. San Diego
August 2023 average home value: $872,580August 2024 average home value: $942,645One-year home value change (%): 8.03%One-year home value change ($): $70,065
12. Kingsport, Tennessee
August 2023 average home value: $216,353August 2024 average home value: $233,467One-year home value change (%): 7.91%One-year home value change ($): $17,114
13. Rochester, New York
August 2023 average home value: $239,538August 2024 average home value: $258,227One-year home value change (%): 7.80%One-year home value change ($): $18,690
14. Manchester, New Hampshire
August 2023 average home value: $455,143August 2024 average home value: $489,533One-year home value change (%): 7.56%One-year home value change ($): $34,389
15. Utica, New York
August 2023 average home value: $194,405August 2024 average home value: $208,997One-year home value change (%): 7.51%One-year home value change ($): $14,593
16. Providence, Rhode Island
August 2023 average home value: $453,172August 2024 average home value: $487,161One-year home value change (%): 7.50%One-year home value change ($): $33,989
17. Worcester, Massachusetts
August 2023 average home value: $425,668August 2024 average home value: $457,399One-year home value change (%): 7.45%One-year home value change ($): $31,731
18. Scranton, Pennsylvania
August 2023 average home value: $197,599August 2024 average home value: $212,287One-year home value change (%): 7.43%One-year home value change ($): $14,688
19. Youngstown, Ohio
August 2023 average home value: $150,977August 2024 average home value: $161,939One-year home value change (%): 7.26%One-year home value change ($): $10,961
20. Green Bay, Wisconsin
August 2023 average home value: $289,825August 2024 average home value: $310,676One-year home value change (%): 7.19%One-year home value change ($): $20,851
Original Article [Source: www.gobankingrates.com]
The U.S. housing market is filled with potential financial landmines but if you are looking at a certain area you might want to buy before the buying exceeds your budget.
