These Florida Cities Made Zillow’s Hottest Markets For 2024
Unless you were living under a rock in 2023, you probably noticed that housing costs reached record highs. Whether you were renting or buying your first place, the cost of living skyrocketed in 2023, but some relief might be on the way. Zillow just released their predictions for the hottest housing markets of 2024. Two Florida cities are on Zillow’s Hottest Markets of 2024 list!
Tampa, FL and Orlando, FL made it on Zillow’s Hottest Markets of 2024 list. Tampa sits at #10 and Orlando sits at #9. It’s no secret that Florida has been one of the fastest growing states the last few years. We’re seeing new apartment complexes on every corner, road expansion projects and crazy traffic. Florida is known for it’s warm climate, job opportunities and the booming nightlife scene. Tampa is is just minutes away form the best beaches in the country and Orlando is home to many different theme parks and attractions.
Breaking down Zillow’s Hottest Markets List:
- Zillow determined the hottest markets in 2024 through analysis of forecasted home value growth, housing market velocity, projected changes in the labor sector, housing construction projects and the number of home owning households.
- Zillow says, “Baby boomers and millennials represent two enormous generations, and both are very active in the housing market. Baby boomers are hardly exiting the market as they age, a departure from previous generations at the same age, and millennials are aging into their prime home buying years as they hit their early and mid-thirties.”
- The Midwest, Great Lakes and South are no doubt some of 2024’s hottest markets thanks to their friendly inventory, mortgage rates, and prices as well as steady job growth.
Zillow’s Hottest Housing Markets of 2024:
- Buffalo, New York
- Cincinnati, Ohio
- Columbus, Ohio
- Indianapolis, Indiana
- Providence, Rhode Island
- Atlanta, Georgia
- Charlotte, North Carolina
- Cleveland, Ohio
- Orlando, Florida
- Tampa, Florida
To learn more and see the full breakdown of Zillow’s Hottest Housing Markets of 2024, click here.