Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (2024)

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22. Clarksville, Tennessee 21. Greenville, South Carolina 20. Durham-Chapel Hill, North Carolina 19. Wilmington, North Carolina 18. Albuquerque, New Mexico 17. Boise City, Idaho 16. Yuma, Arizona 15. McAllen-Edinburg-Mission, Texas 14. Fayetteville, North Carolina 13. Muncie, Indiana 12. Santa Maria-Santa Barbara, California 11. Charlotte-Concord-Gastonia, North Carolina 10. New Haven-Milford, Connecticut 9. Johnson City, Tennessee 8. Manchester-Nashua, New Hampshire 7. Portland-South Portland, Maine 6. Jackson, Tennessee 5. Athens-Clarke County, Georgia 4. Syracuse, New York 3. Rochester, New York 2. Flagstaff, Arizona 1. Knoxville, Tennessee FAQs

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Real Estate

William Edwards

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (1)

  • US home prices are set to rise by 1.6% over the next 12 months, Zillow forecasts.
  • But some cities expected to see 3.7% growth and higher, data shows.
  • Factors include population growth, mortgage rates, and cost of construction supplies, and more.

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (2)

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Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (4)

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Home prices in the US are set to rise by 1.6% on average over the next 12 months, according to Zillow forecasts.

But some cities are poised for even more robust growth.

In a recent analysis, financial information site SmartAsset compiled Zillow's price growth forecasts for 192 US metropolitan areas over the next year.

Below, we've listed 22 cities where Zillow expects to see the largest price growth through the end of March 2025. Prices in all of them are expected to rise by at least 3.7%. To make their projections, Zillow uses a model that considers factors like population growth, mortgage rates, cost of construction supplies, the unemployment rate, tax rates, the supply of homes for sale, the percentage of homeowners late on payments, and more.

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Alongside price growth estimates as of March 31, we've included below median home-sale prices for each city as of February 29. The average number of days that properties spend on the market from when they're listed to when their sale is pending is also included. This gives a window into how competitive each market is, SmartAsset says.

Among all 192 cities looked at, the average home-sale price is $312,430, and the average days on the market until a pending sale is 21.2, the analysis showed.

All data is from Zillow and compiled by SmartAsset. The data used was the most recent available at the time of the analysis.

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22. Clarksville, Tennessee

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (5)

Zillow home-price growth forecast for next 12 months: 3.7%

Median home-sale price: $268,967

Days to pending: 28

Source: Zillow, SmartAsset

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21. Greenville, South Carolina

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (6)

Zillow home-price growth forecast for next 12 months: 3.7%

Median home-sale price: $215,500

Days to pending: 12

Source: Zillow, SmartAsset

20. Durham-Chapel Hill, North Carolina

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (7)

Sean Pavone/Shutterstock

Zillow home-price growth forecast for next 12 months: 3.7%

Median home-sale price: $371,083

Days to pending: 12

Source: Zillow, SmartAsset

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19. Wilmington, North Carolina

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (8)

Walter Bibikow/Getty Images

Zillow home-price growth forecast for next 12 months: 3.7%

Median home-sale price: $411,583

Days to pending: 20

Source: Zillow, SmartAsset

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18. Albuquerque, New Mexico

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (9)

Zillow home-price growth forecast for next 12 months: 3.7%

Median home-sale price: $322,333

Days to pending: 11

Source: Zillow, SmartAsset

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17. Boise City, Idaho

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (10)

Zillow home-price growth forecast for next 12 months: 3.7%

Median home-sale price: $448,317

Days to pending: 16

Source: Zillow, SmartAsset

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16. Yuma, Arizona

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (11)

Cheri Alguir/Shutterstock

Zillow home-price growth forecast for next 12 months: 3.8%

Median home-sale price: $283,300

Days to pending: 32

Source: Zillow, SmartAsset

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15. McAllen-Edinburg-Mission, Texas

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (12)

Zillow home-price growth forecast for next 12 months: 3.9%

Median home-sale price: $192,867

Days to pending: 53

Source: Zillow, SmartAsset

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14. Fayetteville, North Carolina

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (13)

Zillow home-price growth forecast for next 12 months: 3.9%

Median home-sale price: $218,500

Days to pending: 14

Source: Zillow, SmartAsset

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13. Muncie, Indiana

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (14)

Joe Sohm/Visions of America/Universal Images Group via Getty Images)

Zillow home-price growth forecast for next 12 months: 3.9%

Median home-sale price: $137,377

Days to pending: 14

Source: Zillow, SmartAsset

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12. Santa Maria-Santa Barbara, California

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (15)

Zillow home-price growth forecast for next 12 months: 3.9%

Median home-sale price: $852,250

Days to pending: 12

Source: Zillow, SmartAsset

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11. Charlotte-Concord-Gastonia, North Carolina

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (16)

Zillow home-price growth forecast for next 12 months: 4%

Median home-sale price: $348,667

Days to pending: 14

Source: Zillow, SmartAsset

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10. New Haven-Milford, Connecticut

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (17)

Zillow home-price growth forecast for next 12 months: 4%

Median home-sale price: $307,817

Days to pending: 8

Source: Zillow, SmartAsset

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9. Johnson City, Tennessee

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (18)

DenisTangneyJr/Getty Images

Zillow home-price growth forecast for next 12 months: 4.1%

Median home-sale price: $226,160

Days to pending: 13

Source: Zillow, SmartAsset

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8. Manchester-Nashua, New Hampshire

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (19)

Denis Tangney Jr./Getty Images

Zillow home-price growth forecast for next 12 months: 4.1%

Median home-sale price: $434,489

Days to pending: 6

Source: Zillow, SmartAsset

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7. Portland-South Portland, Maine

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (20)

Zillow home-price growth forecast for next 12 months: 4.1%

Median home-sale price: $475,000

Days to pending: 11

Source: Zillow, SmartAsset

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6. Jackson, Tennessee

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (21)

AndreyKrav/Getty Images

Zillow home-price growth forecast for next 12 months: 4.2%

Median home-sale price: $183,167

Days to pending: 25

Source: Zillow, SmartAsset

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5. Athens-Clarke County, Georgia

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (22)

Shutterstock

Zillow home-price growth forecast for next 12 months: 4.2%

Median home-sale price: $323,333

Days to pending: 19

Source: Zillow, SmartAsset

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4. Syracuse, New York

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (23)

debra millet/Shutterstock

Zillow home-price growth forecast for next 12 months: 4.5%

Median home-sale price: $193,667

Days to pending: 7

Source: Zillow, SmartAsset

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3. Rochester, New York

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (24)

Getty Images

Zillow home-price growth forecast for next 12 months: 5%

Median home-sale price: $199,975

Days to pending: 8

Source: Zillow, SmartAsset

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2. Flagstaff, Arizona

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (25)

Zillow home-price growth forecast for next 12 months: 5.3%

Median home-sale price: $593,833

Days to pending: 27

Source: Zillow, SmartAsset

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1. Knoxville, Tennessee

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (26)

Zillow home-price growth forecast for next 12 months: 6.1%

Median home-sale price: $321,000

Days to pending: 14

Source: Zillow, SmartAsset

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Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow (2024)

FAQs

Home prices in these 22 cities are set to surge the most in the US in the next 12 months, according to Zillow? ›

The greater New York area also ranks high with a 18.4% gain in home prices, largely due to ever-present demand and a shortage of homes in the area. Overall, the northeast region saw a resurgence in single-family home prices, which increased 11% in the first quarter of 2024, the highest of all regions in the country.

Continue Reading ›
Where are home prices rising the most? ›

The greater New York area also ranks high with a 18.4% gain in home prices, largely due to ever-present demand and a shortage of homes in the area. Overall, the northeast region saw a resurgence in single-family home prices, which increased 11% in the first quarter of 2024, the highest of all regions in the country.

Get More Info Here ›
Where real estate prices are rising the fastest in the United States? ›

Annual Increase In Home Prices By Major Cities

San Diego leads with an 11.4% price surge year-over-year in February 2024, the highest among the 20 cities analyzed, followed by Chicago and Detroit each recording an 8.9% increase.

View Details ›
What states have the most overpriced homes? ›

Referenced Symbols
StateAnnual change in home pricesMedian sales price in March 2024
Tennessee6.2%$378,600
Arkansas5.9%$248,900
South Carolina9.4%$370,100
Montana3.8%$535,000
1 more row
May 13, 2024

Show Me More ›
Which US city has the highest house prices? ›

Most expensive housing markets in the U.S.
  1. Manhattan, New York. Borough population: 1,596,273.
  2. Honolulu, Hawaii. City population: 343,437. ...
  3. San Jose, California. City population: 1,938,524. ...
  4. San Francisco, California. City population: 808,437. ...
  5. Orange County, California. ...
  6. Brooklyn, New York. ...
  7. Los Angeles, California. ...
  8. Washington, D.C. ...

Show Me More ›
Where are house prices falling fastest? ›

The East of England (-1.7%), the South East (-1.6%) and the South West (-1.4%) are the worst hit when it comes to house price falls. London and the East Midlands are the final two regions where house prices have fallen over the last year, although these are minor at -0.7% and -0.2% respectively.

Learn More Now ›
Where are home prices doubling in the USA? ›

Where housing values grew rapidly
RankCityYears to double in price
1Detroit4.9
2Spokane, Wash.5.9
3Tampa, Fla.6
4Miami6
8 more rows
May 8, 2024

Read On ›
Where is real estate declining the most? ›

Metro areaPercent home price decline (Q4 2022-Q4 2023)
Jackson, Miss.-14.1%
Cleveland-Elyria, Ohio-8.9%
Naples-Immokalee-Marco Island, Fla.-5.9%
Akron, Ohio-5.6%
6 more rows
Mar 2, 2024

Read More ›
Where is real estate hottest right now? ›

Key Takeaways:
  • While the 20 top hottest housing markets are again located in Colorado, North Carolina, Florida and Texas, they're also located in Tennessee, Oregon, Georgia and Arizona. ...
  • Markets to watch that improved the most between June and December 2023 include Cleveland, Virginia Beach, Virginia, and Detroit.
Feb 12, 2024

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What are the top 10 real estate markets in 2024? ›

State of play: Columbus, Ohio; Indianapolis; Providence, Rhode Island; Atlanta; Charlotte, North Carolina; Orlando, Florida; and Tampa, Florida, also top this year's ranking of Zillow's hottest housing markets of 2024. Meanwhile, New Orleans, San Antonio, Denver, Houston and Minneapolis sit at the bottom.

View Details ›

What is the hardest state to buy a house in? ›

Perhaps unsurprisingly, Hawaii tops the list of “the hardest state in which to buy a home”. It has been a tourist favorite since becoming the 50th U.S. state in 1959, with the yearly visitors outnumbering the residents in 2022.

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What is the most unaffordable state to live in? ›

According to several studies on cost of living, Hawaii is the most expensive U.S. state to live in. Prices are typically double in Hawaii compared to those on the mainland, and the continued rise in inflation is making costs ranging from housing to health care much more expensive.

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What is the #1 most expensive city in the US? ›

New York City is not only the most expensive to live in the US but also one of the most expensive place to live in the world.

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What is the most expensive neighborhood to live in the United States? ›

1. South of Market (California)

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Where are the most affordable houses in US? ›

Most affordable North American cities for housing, according to report
  • Pittsburgh, Pennsylvania (3.1)
  • Rochester, New York (3.4)
  • St. Louis, Missouri (3.4)
  • Cleveland, Ohio (3.5)
  • Edmonton, Canada (3.6)
  • Buffalo, New York (3.6)
  • Detroit, Michigan (3.6)
  • Oklahoma City, Oklahoma (3.6)
5 days ago

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Which city has the most unaffordable housing? ›

Hong Kong was crowned the most unaffordable market in the world, followed by Sydney, Australia then Vancouver. A total of 11 markets, including Vancouver, were deemed “impossibly unaffordable,” meaning median house prices are more than nine times the median household income.

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Where are home prices dropping the most in the US? ›

Counties where home values have fallen and risen most in the past year
RankCounty% change in last year
1Stearns County, MN−6.9
2Hays County, TX−3.7
3Bastrop County, TX−3.0
4Chilton County, AL−2.6
6 more rows
May 14, 2024

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What California city has the highest appreciation? ›

The percentage of home appreciation is in parentheses. 1. Oakland: (14.4%) Oakland is a major port city in Northern California and just across the bay from San Francisco. Its neighborhoods have unique qualities including the Lake Merritt area, which surrounds an inland salt water lagoon.

Get More Info Here ›
Which city has the highest real estate prices? ›

Hong Kong, China (Median Multiple: 18.8)

Hong Kong tops the list of the most expensive cities in the world to buy property! The demand for property is high for limited living space in this densely populated city.

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What state has the most expensive housing? ›

1. Hawaii. Apparently, everything's more expensive when you live in an island paradise in the middle of the Pacific Ocean. Hawaii's astronomical median home sale price (second only to California) is due to high demand for relatively limited land available for development.

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