housing market

The Fastest Growing Housing Market in Each State

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FASTEST GROWING HOUSING MARKET IN EACH STATE

 

Let’s be frank: moving is rough. The boxes, the heavy lifting, the cost of paying for movers (or, maybe, just buying everyone enough pizza for them to lend a helping hand). Moving isn’t many people’s idea of a fun, stress-free time.

In some cases, however, moving to a new home can be well worth it. Whether it’s for a new job opportunity, lower housing costs, or just a serious change of scenery, thousands of Americans move every year despite the added complications.

But, there’s another important consideration to factor in, before packing and taping up those moving boxes: Where to move?

Each state boasts their own fastest growing real estate markets. Here’s a helpful guide to housing markets by state:

Hottest Real Estate Markets in Each US State

Listed below are the fastest-growing real estate markets across the United States, so future transplants can get a clearer sense where more and more people are moving. What’s more, this article outlines the kind of housing values people can expect to find in each local market. 

Understanding local housing market trends (including home price growth) could help individuals decide whether the community they’re eyeing is a potential paradise… or a pass. After all, it’s likely not worth investing in a buying house in an area with rapidly depreciating home values.

Without further ado, here are some of the hottest housing markets in the US by state.

1. Mount Olive, Alabama

Median Home Value: $172,460
Value Increase Over Last Year: 6.7%
Value Forecast for Next Year: -0.3% 

2. North Pole, Alaska

Median Home Value: $249,625
Value Increase Over Last Year: -2.4%
Value Forecast for Next Year: -3.8% 

3. Gilbert, Arizona

Median Home Value: $368,772
Value Increase Over Last Year: 7.6%
Value Forecast for Next Year: -0.3% 

4. Bryant, Arkansas

Median Home Value: $168,095
Value Increase Over Last Year: 1.2%
Value Forecast for Next Year: -2.0% 

5. San Jose, California

Median Home Value: $1,073,255
Value Increase Over Last Year: 2.6%
Value Forecast for Next Year: -0.7% 

6. Colorado Springs, Colorado

Median Home Value: $323,194
Value Increase Over Last Year: 7.6%
Value Forecast for Next Year: -0.0% 

7. Putnam, Connecticut

Median Home Value: $204,176
Value Increase Over Last Year: 4.2%
Value Forecast for Next Year: -2.0% 

8. Newark, Delaware

Median Home Value: $250,558
Value Increase Over Last Year: -1.3%
Value Forecast for Next Year: -3.5% 

9. Orlando, Florida

Median Home Value: $260,915
Value Increase Over Last Year: 3.4%
Value Forecast for Next Year: -1.6% 

10. Fort Oglethorpe, Georgia

Median Home Value: $138,559
Value Increase Over Last Year: 2.4%
Value Forecast for Next Year: -1.2% 

11. Ewa Beach, Hawaii

Median Home Value: $634,604
Value Increase Over Last Year: -1.3%
Value Forecast for Next Year: -3.2% 

12. Boise, Idaho

Median Home Value: $341,449
Value Increase Over Last Year: 10.3%
Value Forecast for Next Year: 0.4% 

13. Maryville, Illinois

Median Home Value: $218,810
Value Increase Over Last Year: 1.3%
Value Forecast for Next Year: -2.3% 

14. Borden, Indiana

Median Home Value: $194,270
Value Increase Over Last Year: 3.2%
Value Forecast for Next Year: -2.3% 

15. Council Bluffs, Iowa

Median Home Value: $143,349
Value Increase Over Last Year: 4.1%
Value Forecast for Next Year: -1.7% 

16. Wichita, Kansas

Median Home Value: $138,575
Value Increase Over Last Year: 5.6%
Value Forecast for Next Year: -0.8% 

17. Bellevue, Kentucky

Median Home Value: $143,413
Value Increase Over Last Year: 10.1%
Value Forecast for Next Year: -0.1% 

18. Metairie, Louisiana

Median Home Value: $262,804
Value Increase Over Last Year: 3.5%
Value Forecast for Next Year: -1.5% 

19. Naples, Maine

Median Home Value: $232,717
Value Increase Over Last Year: 7.4%
Value Forecast for Next Year: 0.2% 

20. Columbia, Maryland

Median Home Value: $370,580
Value Increase Over Last Year: 2.7%
Value Forecast for Next Year: -1.7% 

21. Haverhill, Massachusetts

Median Home Value: $347,569
Value Increase Over Last Year: 2.1%
Value Forecast for Next Year: -2.1% 

22. Clawson, Michigan

Median Home Value: $219,748
Value Increase Over Last Year: 4.3%
Value Forecast for Next Year: -0.2% 

23. Saint Paul, Minnesota

Median Home Value: $242,370
Value Increase Over Last Year: 4.7%
Value Forecast for Next Year: -1.1% 

24. Horn Lake, Mississippi

Median Home Value: $112,862
Value Increase Over Last Year: 5.6%
Value Forecast for Next Year: -1.7% 

25. Saint Louis, Missouri

Median Home Value: $131,350
Value Increase Over Last Year: 3.8%
Value Forecast for Next Year: -0.5% 

26. Great Falls, Montana

Median Home Value: $198,854
Value Increase Over Last Year: 3.3%
Value Forecast for Next Year: -1.7% 

27. Omaha, Nebraska

Median Home Value: $196,202
Value Increase Over Last Year: 6.7%
Value Forecast for Next Year: -0.8% 

28. Reno, Nevada

Median Home Value: $403,318
Value Increase Over Last Year: 2.5%
Value Forecast for Next Year: -1.6% 

29. Hampstead, New Hampshire

Median Home Value: $311,032
Value Increase Over Last Year: 2.3%
Value Forecast for Next Year: -2.1% 

30. Bloomfield, New Jersey

Median Home Value: $370,320
Value Increase Over Last Year: 3.4%
Value Forecast for Next Year: -2.4% 

31. Rio Rancho, New Mexico

Median Home Value: $209,579
Value Increase Over Last Year: 8.2%
Value Forecast for Next Year: -0.2% 

32. Rochester, New York

Median Home Value: $158,512
Value Increase Over Last Year: 4.4%
Value Forecast for Next Year: -1.3% 

33. Greensboro, North Carolina

Median Home Value: $164,532
Value Increase Over Last Year: 7.3%
Value Forecast for Next Year: -0.3% 

34. Wahpeton, North Dakota

Median Home Value: $173,047
Value Increase Over Last Year: 4.5%
Value Forecast for Next Year: -1.7% 

35. Orient, Ohio

Median Home Value: $218,776
Value Increase Over Last Year: 5.4%
Value Forecast for Next Year: -1.6% 

36. Oklahoma City, Oklahoma

Median Home Value: $142,220
Value Increase Over Last Year: 6.8%
Value Forecast for Next Year: -0.3% 

37. Eugene, Oregon

Median Home Value: $349,466
Value Increase Over Last Year: 8.5%
Value Forecast for Next Year: -0.1% 

38. Levittown, Pennsylvania

Median Home Value: $258,439
Value Increase Over Last Year: 5.5%
Value Forecast for Next Year: -1.6% 

39. Greenville, Rhode Island

Median Home Value: $329,106
Value Increase Over Last Year: 7.1%
Value Forecast for Next Year: -0.8% 

40. Greenville, South Carolina

Median Home Value: $207,299
Value Increase Over Last Year: 5.0%
Value Forecast for Next Year: -1.0% 

41. Rapid City, South Dakota

Median Home Value: $212,403
Value Increase Over Last Year: 5.0%
Value Forecast for Next Year: -1.7% 

42. Chattanooga, Tennessee

Median Home Value: $171,384
Value Increase Over Last Year: 4.5%
Value Forecast for Next Year: -1.6% 

43. Hurst, Texas

Median Home Value: $239,576
Value Increase Over Last Year: 5.0%
Value Forecast for Next Year: -1.2% 

44. Salt Lake City, Utah

Median Home Value: $419,987
Value Increase Over Last Year: 5.3%
Value Forecast for Next Year: -1.4% 

45. Burlington, Vermont

Median Home Value: $353,322
Value Increase Over Last Year: 3.7%
Value Forecast for Next Year: -1.0% 

46. Fairfax, Virginia

Median Home Value: $588,968
Value Increase Over Last Year: 3.8%
Value Forecast for Next Year: -2.3% 

47. Spokane, Washington

Median Home Value: $264,212
Value Increase Over Last Year: 13.1%
Value Forecast for Next Year: 1.4% 

48. Harpers Ferry, West Virginia

Median Home Value: $219,363
Value Increase Over Last Year: 4.1%
Value Forecast for Next Year: -1.8% 

49. Milwaukee, Wisconsin

Median Home Value: $135,570
Value Increase Over Last Year: 6.8%
Value Forecast for Next Year: -1.8% 

50. Laramie, Wyoming

Median Home Value: $253,653
Value Increase Over Last Year: 6.1%
Value Forecast for Next Year: -1.7%

 

The Takeaway

No matter where a new homeowner is thinking of heading, one of the more challenging parts of a move is tackling the financials. For first-time home buyers, understanding 

the home loan process

 can be a little overwhelming—especially on top of juggling all the details of a big move.

This post originally appeared on

SoFi

and was republished with permission.

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