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Real estate demand reached all-time highs across the country last year, and these 50 cities are well on their way to becoming the most sought-after by potential home buyers in their respective states.
The housing markets in the United States saw an unprecedented surge in demand shortly after the coronavirus pandemic broke out and lasted into 2021. For those who had the means, home buying has been a priority last year, and some real estate markets across the country are hotter than ever. Cities that may not have been high on the radar of homebuyers in the past are becoming more popular than ever. Home buyers know better than anyone that timing is everything, and in certain cities there is no better time to start your search than now.
The future can be unpredictable, especially when it comes to real estate. Even established, enduringly popular real estate markets can see slower growth or worse, decline. Still, there are housing markets in a few cities that have not only been on the rise recently, but have established themselves as some of the next big hotspots for homebuyers. These cities have seen impressive growth in real estate demand and are only expected to increase in the future. With their growing popularity and increasing attractiveness, these cities are the top emerging housing markets in 2021.
Selection process for Insurify’s 2021 Up & Coming Housing Markets Awards
Insurify’s data scientists, a Comparison of home insurance Website, based on data from Zillow, to identify the cities whose property markets are on the rise this year. Cities were assigned composite ratings by a proprietary rating algorithm based on the following factors:
- Relative change in home value between 2011 and 2021.
- Average monthly change in residential value from 2020 to 2021.
- Average monthly change in the average home sales price from 2020 to 2021.
- Zillow’s housing value forecast 2022.
For each state, Insurify’s data scientists selected the city with the highest total score as the winner of the Up & Coming Housing Markets Awards 2021.
Winner of Insurify’s Up & Coming Housing Markets Awards 2021
Alabama: Huntsville
Alaska: Fairbanks
Arizona: Show low
Arkansas: Fayetteville
California: Merced
Colorado: Colorado Springs
Connecticut: New port
Delaware: Dover
Florida: Seaside town
Georgia: Jefferson
Hawaii: Kapaa
Idaho: Coeur d’Alene
Illinois: Rochelle
Indiana: South curve
Iowa: Ames
Kansas: Lawrence
Kentucky: Bardstown
Louisiana: Opelousas
Maine: Augusta
Maryland: California Lexington Park
Massachusetts: stables
Michigan: Detroit
Minnesota: Brainerd
Mississippi: Grenada
Missouri: Warrensburg
Montana: Kalispell
Nebraska: Omaha
Nevada: Carson City
New Hampshire: Manchester
New Jersey: Ocean city
New Mexico: Taos
New York: Hudson
North Carolina: Boone
North Dakota: Fargo
Ohio: Dayton
Oklahoma: Tulsa
Oregon: Astoria
Pennsylvania: Oststroudsburg
Rhode Island: providence
South Carolina: Charleston
South Dakota: Fast city
Tennessee: Sevierville
Texas: Austin
Utah: Ogden
Vermont: pole
Virginia: Winchester
Washington: Aberdeen
West Virginia: Morgantown
Wisconsin: Oshkosh
Wyoming: Jackson
If you have any questions or comments about this article, please contact Insights@insurify.com.
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