We’re sending people off to Oregon and to Prescott, Arizona this week, and in both cases it seemed like it will now take $400,000+ to buy a decent home. The new residents of Prescott said it’s filling up fast with Californians, and many long-time San Diego police and fire professionals have been heading that way to retire. Here are other choices that might be less expensive:
Forget the gleaming, high-rise towers in the nation’s most glamorous cities and those sprawling, palm tree–ringed residences with killer ocean views. Today’s hottest housing is located in towns and small cities that aren’t usually a part of the national conversation.
The realtor.com® economics team identified the 10 hottest ZIP codes in the country where demand is surging and homes are flying off the market—sometimes within hours of being listed. These places tend to offer cheaper homes, or less expensive prices per square foot for those seeking more spacious abodes, than the rest of their respective suburbs—which themselves are bargains compared with the nearby cities.
Top 10 Hottest ZIP codes in the U.S.
1. Colorado Springs, CO (80911)
Median list price in the ZIP code: $306,500
Median list price within the city limits: $455,050
2. Reynoldsburg, OH (43068)
Median list price in the ZIP code: $193,450
Median list price within the city limits: $193,450
3. Rochester, NY (14617)
Median list price in the ZIP code: $162,450
Median list price within the city limits: $158,950
4. Melrose, MA (02176)
Median list price in the ZIP code: $644,950
Median list price within the city limits: $644,950
5. South Portland, ME (04106)
Median list price in the ZIP code: $350,050
Median list price within the city limits: $350,050
6. Topeka, KS (66614)
Median list price in the ZIP code: $159,500
Median list price within the city limits: $132,500
7. Hudson, NH (03051)
Median list price in the ZIP code: $440,000
Median list price within the city limits: $440,000
8. Worcester, MA (01602)
Median list price in the ZIP code: $329,950
Median list price within the city limits: $315,050
9. Springfield, VA (22152)
Median list price in the ZIP code: $509,950
Median list price within the city limits: $549,950
10. Raleigh, NC (27604)
Median list price in the ZIP code: $287,950
Median list price within the city limits: $519,800
https://www.realtor.com/news/trends/2020-hottest-neighborhoods-zip-codes/
I just don’t see California prices holding up. You have people moving en masse to other states. Tech companies moving out or going under. Government pursuing even worse tax policy. So many land mines.
But the demand for housing is outrageous. Check this $1,250,000 listing that’s had 8,900+ views!
https://www.redfin.com/CA/San-Diego/13325-Benchley-Rd-92130/home/4460929
People have been saying what Ty said for decades. You could live your whole life waiting for that prediction to come true.
Love the pricing history on the house you referenced. An increase after a few days on the market. I suppose it is a form of an auction.
An accidental auction!
The price will probably end up at $1,300,000 or higher, and that’s for a 1980s tract house with lipstick. I remember when that money would get you oceanfront!
There are another 5,400 views on Zillow too:
https://www.zillow.com/homedetails/13325-Benchley-Rd-San-Diego-CA-92130/16769287_zpid/
Even if all the local realtor blogs are featuring it as the 92130 Buy of the Month, there still has to be a few hundred buyers who are seriously considering it – probably just hoping to get into the school district?
We moved to Triology Shea homes in Wickenberg they sold 60 homes just in June. Good place to retire but only come if your red.
Wickenberg AZ looked into moving to Prescott but here and there prices are going up cheaper in Prescott Valley
> “and that’s for a 1980s tract house with lipstick.”
Way to sell it there Jim. 😉
Anyway I went to school in Worcester (p. Wistah) and know Hudson which is basically Nashua, NH. My dad went to school in Rochester. These are places to be from not gravitate towards. Although I must admit that spring and Fall are spectacular (Apr12-19th, Oct 4-11th).
My hometown comes in at number 9. Very surprised to see it there. A DC suburb, not unlike all the other DMV suburbs (District, Maryland, Virginia). Go Spartans!
Send me our way Jim in Prescott. We will take care of them. I had my agent Beata contact you with buyers. The market is crazy right now. No inventory and homes and land selling quickly. A client in California asked me how the Prescott market was now. I told them, remember when the virus hit and you could not find toilet paper. The market is just like that. Can’t find a home and demand is much higher than supply. This just happened in the past 30 days. People checking out the area from California, Washington and Oregon. Just sold a cop from Chicago a lot. Can’t blame any of them. Just blend in and don’t try and change things when you get here. Otherwise it will become the place you are trying to escape from.
Hey Josh it did happen in 2008-2010! But the government goosed it with cheap money. 2.88% 30yr fixed is helping don’t you think? I’m only 43 and have seen it crash 3x already hardly a lifetime! ?