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America’s 50 Highest Demand ZIP Codes Of 2016

America’s 50 Highest Demand ZIP Codes Of 2016


 

America’s 50 Highest Demand ZIP Codes Of 2016

September 23, 2016

 

Is your ZIP code’s housing market sizzling hot? If there’s a growing millennial population and an expensive town nearby, you might be living in one of the country’s most desirable towns, according to Realtor.com.

In its annual survey of the nation’s 50 ‘hottest’ ZIP codes, Realtor.com crunched metrics like median number of days a home takes to sell, overall views on its listings site and percentage of homes owned by millennials to determine which housing markets are in high demand. The areas that landed on their list represent less expensive neighborhoods that give buyers a chance to live in or close to expensive housing markets.

Watauga, Texas (76148), an inner suburb of Fort Worth, takes top honors, thanks in part to its proximity to great restaurants and breweries and two football powerhouses (Dallas Cowboys and Texas Christian University). Here, homes—with a median price listing of $137,000—sell in an average of 17 days. Following closely behind, there’s appropriately named Pleasant Hill, Calif. (94523), a neighborhood in San Francisco’s East Bay that has a charming downtown area and highly-ranked public schools. Pleasant Hill’s average listing sits for just 19 days—and the median price is $630,000.

Among the survey’s 10 hottest ZIP codes in America—which also includes towns in Colorado, Massachusetts, Missouri and Oregon—there’s average job growth of 2.3% and an unemployment rate of just 3.8% this year. In addition, household growth, which represents expanding families, has increased 6% over the past five years. The median home price in the top 10 neighborhoods is $331,000, and the number of millennials earning more than $100,000 is 1.8 times higher than the U.S. overall, according to Realtor.com (which I’ve written articles for in the past).

“The hottest ZIP codes offer many of the qualities the older half of the millennial generation, who make up the largest buying segment, are looking for in a home—affordability, good schools, transit advantages, proximity to restaurants, shopping and other conveniences,” says Jonathan Smoke, chief economist for Realtor.com. “These hot areas tend to be affordable relative to their surrounding areas, but also offer the kind of homes and the quality of life that the millennial families are seeking.”

Is your hometown in high demand?  Here’s a list of this year’s 50 hottest ZIP codes in the U.S. :

1.     76148 Watauga, TX

Median List Price: $137,152

Average Days on Market: 17

2.     94523 Pleasant Hill, CA

Median List Price: $629,525

Average Days on Market: 19

3.     80233 Northglenn, CO

Median List Price: $277,908

Average Days on Market: 11

4.     80916 Colorado Springs, CO

Median List Price: $177,771

Average Days on Market: 17

5.     78247 San Antonio, TX

Median List Price: $183,979

Average Days on Market: 28

6.     94954 Petaluma, CA

Median List Price: $596,021

Average Days on Market: 27

7.     02176 Melrose, MA

Median List Price: $462,021

Average Days on Market: 29

8.     63126 Crestwood, MO

Median List Price: $185,512

Average Days on Market: 30

9.     97222 Milwaukie, OR

Median List Price: $309,212

Average Days on Market: 24

10.  92104 North Park, CA

Median List Price: $497,232

Average Days on Market: 22

11.  40242 Louisville, KY

Median List Price: $187,338

Average Days on Market: 28

12.  66204 Overland Park, KS

Median List Price: $149,540

Average Days on Market: 28

13.  48072 Berkley, MI

Median List Price: $228,900

Average Days on Market: 29

14.  95123 San Jose, CA

Median List Price: $725,140

Average Days on Market: 21

15.  37214 Nashville, TN

Median List Price: $198,1113

Average Days on Market: 27

16.  78749 Austin, TX

Median List Price: $360,818

Average Days on Market: 28

17.  94585 Suisun City, CA

Median List Price: $327,400

Average Days on Market: 30

18.  14625 Rochester, NY

Median List Price: $202,644

Average Days on Market: 31

19.  49508 Kentwood, MI

Median List Price: $147,513

Average Days on Market: 30

20.  58103 Fargo, ND

Median List Price: $193,300

Average Days on Market: 28

21.  46804 Fort Wayne, IN

Median List Price: $184,942

Average Days on Market: 34

22.  95678 Roseville, CA

Median List Price: $357,417

Average Days on Market: 31

23.  43214 Columbus, OH

Median List Price: $244,529

Average Days on Market: 37

24.  95376 Tracy, CA

Median List Price: $382,483

Average Days on Market: 31

25.  98105 Seattle, WA

Median List Price: $1,015,898

Average Days on Market: 21

26.  83705 Boise, ID

Median List Price: $199,333

Average Days on Market: 28

27.  68144 Omaha, NE

Median List price: $178,667

Average Days on Market: 31

28.  27511 Cary, NC

Median List Price: $266,325

Average Days on Market: 39

29.  90230 Culver City, CA

Median List Price: $795,883

Average Days on Market: 30

30.  93906 Salinas, CA

Median List Price: $399,896

Average Days on Market: 35

31.  59102 Billings, MT

Median List Price: $228,858

Average Days on Market: 38

32.  93004 Ventura, CA

Median List Price: $522,146

Average Days on Market: 38

33.  67209 Wichita, KS

Median List Price: $147,442

Average Days on Market: 35

34.  80603 Brighton, CO

Median List Price: $338,129

Average Days on Market: 32

35.  95062 Santa Cruz, CA

Median List Price: $846,329

Average Days on Market: 37

36.  32707 Casselberry, FL

Median List Price: $197,054

Average Days on Market: 38

37.  95368 Salida, CA

Median List Price: $290,587

Average Days on Market: 37

38.  93720 Fresno, CA

Median List Price: $319,581

Average Days on Market: 40

39.  50010 Ames, IA

Median List Price: $261,783

Average Days on Market: 40

40.  14150 Tonawanda, NY

Median List Price: $121,161

Average Days on Market: 38

41.  28273 Charlotte, NC

Median List Price: $177,712

Average Days on Market: 40

42.  30269 Peachtree City, GA

Median List Price: $392,788

Average Days on Market: 41

43.  55423 Minneapolis, MN

Median List Price: $218,071

Average Days on Market: 30

44.  53005 Brookfield, WI

Median List Price: $272,567

Average Days on Market: 40

45.  23226 Richmond, VA

Median List Price: $396,000

Average Days on Market: 43

46.  66617 Topeka, KS

Median List Price: $224,206

Average Days on Market: 39

47.  75495 Van Alstyne, TX

Median List Price: $139,423

Average Days on Market: 46

48.  33624 Tampa, FL

Median List Price; $208,204

Average Days on Market: 44

49.  07066 Clark, NJ

Median List Price: $481,033

Average Days on Market: 42

50.  80501 Longmont, CO

Median List Price: $303,375

Average Days on Market: 30