BY BRAD BECKETT ON NOVEMBER 3, 2021
Realtor.com & the Wall Street Journal recently released their 3rd Emerging Housing Markets Index which identifies markets they believe will be good areas to purchase a home for both homeowners and investors. Click here to read more.
To get their index, they used a slate of housing market, economic vitality, and quality of life metrics to identify emerging housing markets for the largest 300 metropolitan areas in the United States.
“…After a rollercoaster over the past year and a half, the housing market is on better footing and has added approximately $3 trillion in value in the most recent 6 months while one measure of the U.S stock market has surged by more than $5 trillion. U.S. residential real estate is a major store of wealth that is more widely held than stocks. These two factors mean that housing is not only a large and valuable asset class, it has the ability to affect the financial outcomes of a broader swath of individuals and families than the U.S. stock market.”
The Top-20 Emerging Housing Markets:
|RANK||Metro Area||2020 Population|
|2||Rapid City, SD||142,876|
|5||Jefferson City, MO||150,973|
|7||Coeur d’Alene, ID||165,656|
|9||Johnson City, TN||203,980|
|11||Colorado Springs, CO||747,337|
|12||Fort Wayne, IN||412,874|
|17||North Port-Sarasota-Bradenton, FL||837,983|
|19||Durham-Chapel Hill, NC||645,559|