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10 States with the Best Real Estate Market [2024]

States with the Best Real Estate Market
States with the Best Real Estate Market
Josh Rapaport
March 5, 2024

Today, we’ll cover the Top 10 States with the Best Real Estate Market in 2024, utilizing a statistical analysis of 890K real estate listings and 1-year real estate growth forecasts across 894 U.S. cities and 50 states.

The landscape of the U.S. housing market is perpetually in flux, influenced by factors ranging from economic conditions to demographic trends.

However, certain states have emerged as beacons of opportunity for homebuyers and investors alike, showcasing robust housing markets that promise growth, stability, and potential returns.

Alight, let’s explore 10 states that stand out for their promising housing markets, based on the latest data and forecasts.

Table of Contents

5-Year U.S. Housing Market Growth Forecast (2024-2028)

  • Josh Rapaport, Founder & CEO of District Lending estimates that home prices will continue to increase by ~3-4% per year between 2024 and 2028.
  • Dr. Lawrence Yun, the Chief Economist and Senior Vice President of Research, National Association of Realtors, expects the housing market to appreciate a total of 15% to 25% over the next 5 years.
  • Greg McBride, Bankrate’s Chief Financial Analyst predicts home prices will average low to mid single digit annual growth over the next 5 years.

What are the Hottest Real Estate Markets 2024?

What are the Hottest Real Estate Markets 2024

Here’s a list of 21 States and 60 Cities with the hottest real estate markets in 2024.

This list contains real estate markets estimated to increase in value by 7% or more by February 2025:

CityState1-Year Growth Increase Estimate (%)
Thomaston, GAGA+10.2%
Clewiston, FLFL+9.9%
Jackson, WYWY+9.3%
Wauchula, FLFL+8.9%
Steamboat Springs, COCO+8.7%
Mountain Home, IDID+8.7%
Butte, MTMT+8.7%
Cedartown, GAGA+8.6%
Lewiston, MEME+8.6%
Crossville, TNTN+8.6%
Sanford, NCNC+8.4%
Calhoun, GAGA+8.3%
Knoxville, TNTN+8.3%
Price, UTUT+8.3%
Heber, UTUT+8.2%
Edwards, COCO+8.1%
Palatka, FLFL+8.1%
Toccoa, GAGA+8.1%
Atlantic City, NJNJ+8.1%
Okeechobee, FLFL+8%
Pocatello, IDID+8%
Augusta, MEME+8%
Cornelia, GAGA+7.9%
East Stroudsburg, PAPA+7.8%
Lake City, FLFL+7.7%
Sebring, FLFL+7.5%
Boise City, IDID+7.5%
West Plains, MOMO+7.5%
Kalispell, MTMT+7.5%
Wilson, NCNC+7.5%
McMinnville, TNTN+7.5%
Coeur d’Alene, IDID+7.4%
Connersville, ININ+7.4%
Kingston, NYNY+7.4%
Ontario, OROR+7.4%
Statesboro, GAGA+7.3%
Hailey, IDID+7.3%
Berlin, NHNH+7.3%
Laconia, NHNH+7.3%
Frankfort, ININ+7.2%
Vincennes, ININ+7.2%
Saginaw, MIMI+7.2%
Boone, NCNC+7.2%
Lumberton, NCNC+7.2%
Payson, AZAZ+7.1%
Show Low, AZAZ+7.1%
Hartford, CTCT+7.1%
Twin Falls, IDID+7.1%
Albemarle, NCNC+7.1%
Kill Devil Hills, NCNC+7.1%
Shawnee, OKOK+7.1%
Vernal, UTUT+7.1%
Norwich, CTCT+7%
Athens, GAGA+7%
Savannah, GAGA+7%
Logansport, ININ+7%
Brevard, NCNC+7%
Laurinburg, NCNC+7%
Rochester, NYNY+7%
Greeneville, TNTN+7%

State with Best Housing Market and Growth Forecast

  • Idaho has the best housing market right now with a 1-year growth forecast of +6.81% based on an analysis of 894 U.S. cities across 50 states.
  • Florida came in at #2, with a 1-year growth forecast of +6.21%.
  • For context, the U.S. average housing market 1-year growth forecast is +4.20%.

10 States with the Best Real Estate Market in 2024

  • Texas
  • Florida
  • North Carolina
  • Georgia
  • Arizona
  • Utah
  • Colorado
  • Idaho
  • Tennessee
  • Nevada

#1. Texas – Average Home Value: $296,582

The Lone Star State continues to attract residents with its strong job market, no state income tax, and a diverse economy. Cities like Austin, Dallas, and Houston offer a mix of affordability, job growth, and quality of life that is hard to beat. The state’s housing market benefits from a balanced supply and demand, keeping prices stable while offering plenty of opportunities for investment and homeownership.

Texas Housing Market Outlook:

Likely to remain robust due to strong economic growth and continued in-migration, although affordability issues in the hottest markets may begin to moderate price increases.

Texas Cities 1-Year Housing Forecast Ranked Highest to Lowest:

CityState1-Year Housing Market Forecast (Increase/Decrease by %)
McAllen, TXTX6.8
Brownsville, TXTX6.3
Jacksonville, TXTX6.2
Stephenville, TXTX6.1
Waco, TXTX5.6
El Paso, TXTX5.3
Wichita Falls, TXTX5.3
Corsicana, TXTX5.2
Hereford, TXTX5.2
Sherman, TXTX5.1
Mount Pleasant, TXTX5
Tyler, TXTX4.9
Mineral Wells, TXTX4.8
Palestine, TXTX4.8
Gainesville, TXTX4.7
Killeen, TXTX4.6
Dallas, TXTX4.4
San Angelo, TXTX4.1
Sulphur Springs, TXTX4.1
Del Rio, TXTX3.9
Amarillo, TXTX3.6
Lufkin, TXTX3.5
Fredericksburg, TXTX3.4
Austin, TXTX3.3
Brenham, TXTX3
Paris, TXTX3
Athens, TXTX2.9
Houston, TXTX2.9
Kerrville, TXTX2.9
Nacogdoches, TXTX2.9
Brownwood, TXTX2.8
Huntsville, TXTX2.5
Lubbock, TXTX2.5
Abilene, TXTX2.4
San Antonio, TXTX2.4
Longview, TXTX2.3
Victoria, TXTX2.3
Texarkana, TXTX2
College Station, TXTX1.8
Eagle Pass, TXTX1.8
Vernon, TXTX1.8
Corpus Christi, TXTX1.7
Odessa, TXTX1.3
El Campo, TXTX1.1
Laredo, TXTX0.9
Pampa, TXTX0.8
Kingsville, TXTX0.7
Midland, TXTX0.6
Uvalde, TXTX0.6
Bay City, TXTX0.4
Andrews, TXTX-0.1
Levelland, TXTX-0.1
Port Lavaca, TXTX-0.2
Snyder, TXTX-0.2
Dumas, TXTX-0.6
Borger, TXTX-0.7
Plainview, TXTX-1.1
Beaumont, TXTX-1.4
Rio Grande City, TXTX-2
Big Spring, TXTX-2.2
Raymondville, TXTX-2.8
Beeville, TXTX-3.6
Lamesa, TXTX-4.2
Zapata, TXTX-4.6
Sweetwater, TXTX-4.8
Pecos, TXTX-4.9
Alice, TXTX-6.8

#2. Florida – Average Home Value: $388,454

Known for its sunny weather and beautiful beaches, Florida also boasts a vibrant housing market. The state has seen significant population growth, driven by retirees and remote workers seeking a warmer climate and lower taxes. Cities like Tampa, Jacksonville, and Orlando offer a mix of affordability and lifestyle that appeals to a wide range of buyers.

Florida Housing Market Outlook:

High demand, especially in coastal and retirement-friendly areas, could keep driving the market, though vulnerability to climate change and insurance costs remains a concern.

Florida Cities 1-Year Housing Forecast Ranked Highest to Lowest:

CityState1-Year Housing Market Forecast (Increase/Decrease by %)
Clewiston, FLFL9.9
Wauchula, FLFL8.9
Palatka, FLFL8.1
Okeechobee, FLFL8
Lake City, FLFL7.7
Sebring, FLFL7.5
Arcadia, FLFL6.8
Naples, FLFL6.5
Port St. Lucie, FLFL6.5
Homosassa Springs, FLFL6.4
Key West, FLFL6.4
Ocala, FLFL6.4
Tampa, FLFL6.4
Panama City, FLFL6.3
Miami, FLFL6.2
Lakeland, FLFL6.1
Pensacola, FLFL6
North Port, FLFL5.7
Cape Coral, FLFL5.5
Orlando, FLFL5.5
Palm Bay, FLFL5.4
Jacksonville, FLFL5.3
Punta Gorda, FLFL5.3
Gainesville, FLFL5.2
Sebastian, FLFL5.2
Deltona, FLFL5.1
Tallahassee, FLFL4.7
Crestview, FLFL4.5
The Villages, FLFL2.5

#3. North Carolina – Average Home Value: $318,266

North Carolina’s housing market is buoyed by its strong education system, burgeoning tech industry, and a relatively low cost of living. The Research Triangle Park area, encompassing Raleigh, Durham, and Chapel Hill, is particularly attractive for its high-quality job opportunities and education options, making it a hot spot for both families and professionals.

North Carolina Housing Market Outlook:

With a solid base in education, technology, and healthcare, North Carolina’s market is expected to stay strong, particularly in the Research Triangle area.

North Carolina Cities 1-Year Housing Forecast Ranked Highest to Lowest:

CityState1-Year Housing Market Forecast (Increase/Decrease by %)
Sanford, NCNC8.4
Wilson, NCNC7.5
Boone, NCNC7.2
Lumberton, NCNC7.2
Albemarle, NCNC7.1
Kill Devil Hills, NCNC7.1
Brevard, NCNC7
Laurinburg, NCNC7
Rocky Mount, NCNC6.9
Fayetteville, NCNC6.8
Greenville, NCNC6.8
Pinehurst, NCNC6.7
Hickory, NCNC6.6
Burlington, NCNC6.5
Morehead City, NCNC6.5
Shelby, NCNC6.5
Wilmington, NCNC6.4
Charlotte, NCNC6.3
Kinston, NCNC6.3
New Bern, NCNC6.3
Jacksonville, NCNC6.2
Henderson, NCNC5.9
Durham, NCNC5.8
Raleigh, NCNC5.8
Washington, NCNC5.8
Cullowhee, NCNC5.4
Greensboro, NCNC5.2
Winston, NCNC5.2
Asheville, NCNC5
Marion, NCNC4.8
Forest City, NCNC4.7
Mount Airy, NCNC4.6
Elizabeth City, NCNC4.5
North Wilkesboro, NCNC4.5
Goldsboro, NCNC3.9
Roanoke Rapids, NCNC3.2
Rockingham, NCNC3

#4. Georgia – Average Home Value: $317,982

Georgia’s housing market is thriving, thanks in part to Atlanta’s status as a major economic and cultural hub. The state offers a good balance of urban and suburban living, with affordable housing prices compared to other major U.S. metropolitan areas. Georgia’s diverse economy and growing job market make it an appealing state for both homebuyers and investors.

Georgia Housing Market Outlook:

Several cities look promising, including Atlanta’s diverse economy and cultural appeal, which should keep the state’s market dynamic, but affordability may start to challenge first-time homebuyers.

Georgia Cities 1-Year Housing Forecast Ranked Highest to Lowest:

CityState1-Year Housing Market Forecast (Increase/Decrease by %)
Thomaston, GAGA10.2
Cedartown, GAGA8.6
Calhoun, GAGA8.3
Toccoa, GAGA8.1
Cornelia, GAGA7.9
Statesboro, GAGA7.3
Athens, GAGA7
Savannah, GAGA7
Gainesville, GAGA6.9
Jefferson, GAGA6.9
Fitzgerald, GAGA6.8
Summerville, GAGA6.8
Albany, GAGA6.5
Hinesville, GAGA6.4
Bainbridge, GAGA6.3
Rome, GAGA6.3
Atlanta, GAGA6
St. Marys, GAGA6
Dalton, GAGA5.8
Brunswick, GAGA5.6
LaGrange, GAGA5.6
Macon, GAGA5.6
Valdosta, GAGA5.5
Warner Robins, GAGA5.5
Waycross, GAGA5.5
Americus, GAGA5.2
Augusta, GAGA4.7
Thomasville, GAGA4.7
Vidalia, GAGA4.7
Jesup, GAGA4.4
Milledgeville, GAGA4.4
Columbus, GAGA4.3
Cordele, GAGA4.3
Dublin, GAGA3.6
Douglas, GAGA3.4
Tifton, GAGA3.4
Moultrie, GAGA2.6

#5. Arizona – Average Home Value: $421,939

Arizona’s housing market has been heating up, driven by its pleasant climate, booming economy, and influx of new residents. Phoenix and its surrounding areas, such as Scottsdale and Tempe, are particularly attractive, offering a blend of urban amenities and natural beauty. The state’s market is characterized by strong demand, making it a competitive but rewarding place to buy a home.

Arizona Housing Marketing Outlook:

Arizona housing markets remain strong, with demand in Phoenix and surrounding areas continuing to outstrip supply, driving home prices up, although water availability could become a critical issue.

Arizona Cities 1-Year Housing Forecast Ranked Highest to Lowest:

CityState1-Year Housing Market Forecast (Increase/Decrease by %)
Payson, AZAZ7.1
Show Low, AZAZ7.1
Yuma, AZAZ6.7
Phoenix, AZAZ6.3
Nogales, AZAZ5.9
Flagstaff, AZAZ5.7
Sierra Vista, AZAZ5.4
Lake Havasu City, AZAZ5.2
Tucson, AZAZ4.8
Safford, AZAZ4.7

#6. Utah – Average Home Value: $501,653

Utah stands out for its breathtaking landscapes, high quality of life, and a strong economy, particularly in sectors like technology and tourism. The Salt Lake City area, in particular, offers a vibrant housing market with a growing demand for both urban and suburban living options. Utah’s strong job market and family-friendly environment make it a prime location for homebuyers.

Utah Housing Marketing Outlook:

Continued population growth and a booming tech sector suggest a strong market, especially near Salt Lake City and Provo, with potential affordability concerns.

Utah Cities 1-Year Housing Forecast Ranked Highest to Lowest:

CityState1-Year Housing Market Forecast (Increase/Decrease by %)
Price, UTUT8.3
Heber, UTUT8.2
Vernal, UTUT7.1
Ogden, UTUT6.5
Logan, UTUT6.1
Cedar City, UTUT5.4
Salt Lake City, UTUT5.4
St. George, UTUT5.3
Provo, UTUT5.2

#7. Colorado – Average Home Value: $527,413

Colorado’s housing market benefits from its stunning natural scenery, outdoor recreational opportunities, and a dynamic economy. Denver, Boulder, and Colorado Springs are hot spots for both young professionals and families, offering a range of housing options from urban apartments to suburban homes. While prices are on the higher side, the state’s quality of life and economic opportunities justify the investment.

Colorado Housing Marketing Outlook:

High demand for outdoor lifestyles and a strong job market in Denver and Boulder could maintain market buoyancy, though prices are high by national standards.

Colorado Cities 1-Year Housing Forecast Ranked Highest to Lowest:

CityState1-Year Housing Market Forecast (Increase/Decrease by %)
Steamboat Springs, COCO8.7
Edwards, COCO8.1
Glenwood Springs, COCO6.1
Craig, COCO5.8
Montrose, COCO5.1
Ca-¦on City, COCO4.9
Grand Junction, COCO4.7
Durango, COCO4.4
Pueblo, COCO4.2
Colorado Springs, COCO3.9
Denver, COCO3.6
Sterling, COCO3.4
Fort Morgan, COCO3.3
Boulder, COCO2.8
Fort Collins, COCO2.4
Breckenridge, COCO2.3
Greeley, COCO2.3

#8. Idaho – Average Home Value: $434,540

Idaho has emerged as a hidden gem in the U.S. housing market, with Boise leading the charge. The state offers a mix of affordability, natural beauty, and a growing tech industry. Idaho’s low cost of living, combined with its outdoor lifestyle, makes it an attractive option for homebuyers looking for a balance between urban and rural living.

Idaho Housing Marketing Outlook:

Boise might see continued interest from out-of-state buyers looking for quality of life and lower costs, though rapid price increases could start to slow.

Idaho Cities 1-Year Housing Forecast Ranked Highest to Lowest:

CityState1-Year Housing Market Forecast (Increase/Decrease by %)
Mountain Home, IDID8.7
Pocatello, IDID8
Boise City, IDID7.5
Coeur d’Alene, IDID7.4
Hailey, IDID7.3
Twin Falls, IDID7.1
Sandpoint, IDID6.7
Blackfoot, IDID6.6
Burley, IDID6.5
Rexburg, IDID6.3
Idaho Falls, IDID5.9
Moscow, IDID5.7
Lewiston, IDID4.8

#9. Tennessee – Average Home Value: $306,156

Tennessee’s housing market is bolstered by its no state income tax, vibrant music and culture scene, and diverse economy. Cities like Nashville and Memphis offer a unique blend of cultural amenities and affordable living, making the state appealing to a wide demographic, from young professionals to retirees.

Tennessee Housing Marketing Outlook:

Nashville and other urban centers are likely to remain attractive due to the vibrant cultural scene and no state income tax, keeping the market lively.

Tennessee Cities 1-Year Housing Forecast Ranked Highest to Lowest:

CityState1-Year Housing Market Forecast (Increase/Decrease by %)
Crossville, TNTN8.6
Knoxville, TNTN8.3
McMinnville, TNTN7.5
Greeneville, TNTN7
Tullahoma, TNTN6.8
Johnson City, TNTN6.7
Sevierville, TNTN6.6
Cleveland, TNTN6.4
Kingsport, TNTN6.3
Cookeville, TNTN6.2
Morristown, TNTN6.2
Shelbyville, TNTN6.2
Chattanooga, TNTN6.1
Dayton, TNTN6.1
Clarksville, TNTN5.7
Lewisburg, TNTN5.7
Athens, TNTN5.4
Lawrenceburg, TNTN5.2
Memphis, TNTN5.1
Jackson, TNTN4.8
Martin, TNTN4.8
Nashville, TNTN4.5
Paris, TNTN4.3
Newport, TNTN3.7
Union City, TNTN3.6
Dyersburg, TNTN1.7

#10. Nevada – Average Home Value: $419,993

Rounding out the list, Nevada’s housing market is driven by more than just Las Vegas. While the city’s entertainment and tourism industries are significant, the state also offers areas like Reno and Henderson, which have seen growth due to their favorable tax laws, diverse economy, and quality of life. Nevada’s housing market benefits from a steady influx of new residents seeking both job opportunities and a sunny climate.

Nevada Housing Marketing Outlook:

Las Vegas and Reno might continue to attract transplants from more expensive states, with the market’s performance closely tied to the health of the tourism and entertainment sectors.

Nevada Cities 1-Year Housing Forecast Ranked Highest to Lowest:

CityState1-Year Housing Market Forecast (Increase/Decrease by %)
Pahrump, NVNV4.7
Fallon, NVNV3.9
Las Vegas, NVNV3.9
Reno, NVNV3.7
Winnemucca, NVNV3.7
Carson City, NVNV3.6
Fernley, NVNV2.9
Gardnerville Ranchos, NVNV2.6
Elko, NVNV1.5

Conclusion & Wrap-Up

The U.S. housing market landscape is diverse, with each state offering unique advantages for homebuyers and investors.

Whether you’re drawn to the economic opportunities of Texas, the outdoor lifestyle of Colorado, or the affordable living in Idaho, there’s a state that meets your needs.

As always, it’s crucial to conduct thorough research and consider your long-term goals when navigating the housing market.

These top 10 states represent some of the best opportunities in the current environment, but remember that market conditions can change, and what suits one buyer may not suit another.

Happy house hunting!

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Josh Rapaport, Founder & CEO @ District Lending

After working in the mortgage industry for 20 years, I started District Lending to deliver consumers lower rates and to arm them with the power to make confident financial decisions. That’s also why I’m keen on making the buying and refinancing experience as seamless and stress-free as possible. I value honesty, so I gladly share my rates with consumers right on the website. Our service is transparent, and we prioritize looking out for the client’s best interest.”

– Josh Rapaport, CEO and Co-Owner, District Lending

Brian Reese U.S. Air Force Officer
Brian Reese U.S. Air Force Officer

“As a military veteran, I’ve made it my life’s mission to help people live happier and wealthier lives. District Lending brings this mission to life. We believe in integrity, honesty, and transparency, which is why you’ll see our rates right on our website. You’ll find lower rates and zero lending fees, which means you can buy your dream home for less. The savings are passed on to you — the way it should be.”

– Brian Reese, Advisor and Co-Owner, District Lending

About the Author

Brian Reese is a senior advisor and co-owner at District Lending. He is one of the world’s leading experts in veteran benefits, having helped millions of veterans secure their financial future since 2013. Brian is the founder VA Claims Insider, an education-based Coaching & Consulting company whose mission is to educate and empower veterans to get the VA disability benefits they’ve earned for their honorable service. A former active-duty air force officer, Brian deployed to Afghanistan in support of Operation Enduring Freedom. He is a distinguished graduate of management of the United States Air Force Academy and earned his MBA as a National Honor Scholar from the Spears School of Business at Oklahoma State University.

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