The Hottest Real Estate Markets of 2023

As for here are the hottest Real Estate Markets o 2023:

1. Austin-Round Rock-Georgetown, TX

The Austin-Round Rock-Georgetown metro area ranks No. 1 overall, thanks in large part to home values that have skyrocketed in the last 25 years. Between 1998 and 2022, home prices increased by 353.92%, the most cumulative growth in our study, without much downside. But home prices aren’t the only thing growing: The population has nearly doubled in the last 20 years, in part thanks to the presence of large tech companies — including Apple, Amazon and Tesla — supporting the local economy.

2. Midland, TX

Located in West Texas, the Midland metro area saw home prices rise 255.5% between 1998 and 2022, more than 91% of metro areas in our study. Local oil and gas reserves help support the local economy, including the recent discovery of one of the largest U.S. oil reserves.

3. Boulder, CO

Home to the University of Colorado’s flagship campus, Boulder ranks third-best for housing market growth and stability. Between 1998 and 2022, home prices rose 256.48%, 33rd-most out of the 400 metro areas. While Boulder hasn’t experienced quite the same population spike as the top two cities for housing and growth, it hosts offices of Google and IBM and has a reputation as a startup city.

4. Fort Collins, CO

Fort Collins, located about one hour north of Boulder, has a similarly strong housing market. The city saw average home prices go up 224.17% between 1998 and 2022, which puts Fort Collins in the top 20th percentile for growth. Fort Collins draws in many people thanks to local natural features like Horsetooth Face Open Space and the Cache la Poudre River, as well as opportunities with Colorado State University.

5. Kennewick-Richland, WA

A short drive from the Oregon border, the Kennewick-Richland metro area of southeastern Washington benefits from a diverse local economy. Home prices have increased 211.07% between 1998 and 2022, while the population has grown by roughly 40%.

6. Rapid City, SD

Home prices in Rapid City have roughly tripled in the last 25 years. Tourism to Rapid City helps support the local economy, thanks to its close proximity to Mount Rushmore, the Black Hills and Badlands National Park. South Dakota’s income tax policies — including no state income tax for individuals or businesses — also help incentivize economic activity.

7. Odessa, TX

Like Midland, Odessa benefits from its proximity to the oil and gas underneath the Permian Basin. Both cities also enjoy a cost of living about 12% lower than the national average, according to On average, homes in Odessa have increased in value by 226% from 1998 to 2022, though with more volatility than the rest of the top 10.

8. Dallas-Plano-Irving, TX

As the third largest city in Texas by population, Dallas is home to large companies like AT&T and Southwest Airlines, while nearby Irving hosts the ExxonMobil headquarters. These large employers help attract workers and stabilize the local economy, partly contributing to the 213% increase in home values over the last 25 years.

9. San Antonio-New Braunfels, TX

San Antonio home prices have also tripled since 1998. Among many other local attractions, Seaworld San Antonio and Six Flags Fiesta Texas bring plenty of tourists to the area, while large companies like Valero, USAA and iHeartMedia employ thousands. The population has steadily grown over the last two decades, though not at the same accelerated rate as housing prices.

10. Houston-The Woodlands-Sugar Land, TX

Houston home prices have shot up just over 200% without much historical chance of losing value in the last 25 years. This growth and stability is in part supported by the presence of Sysco, Halliburton and Texas Medical Center — the largest medical campus in the world. Houston is also home to a handful of universities, further rounding out the local economy.”

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