The 10 Hottest Real Estate Markets for 2016
If you’ve ever dreamed of moving to Denver, Seattle or Dallas-Fort Worth, you’ll have plenty of competition to buy a house this year. According to Zillow, those three cities rank among the top 10 hottest real estate markets of 2016.
Zillow used three variables to determine the “hotness score” of the nation’s leading housing markets: home value appreciation, recent income growth and current unemployment rates.
For instance, Omaha has the lowest unemployment rate (2.9%) of the 10 hottest markets, and Dallas-Fort Worth home values are predicted to rise by 5.6% (the highest increase of all cities on the list). Thanks to a booming economy and a 16% jump in home values in 2015, Denver, the No. 1 city on the list, is running full steam ahead into 2016 with another 5% increase predicted for home values, according to Zillow.
“Trendy tech centers like San Francisco, Seattle and Denver hogged the spotlight in 2015. But this year, the markets that shine brightest will be those that manage to strike a good balance between strong income growth, low unemployment and solid home value appreciation,” said Zillow Chief Economist Dr. Svenja Gudell in a release.
“As the job market continues to hum and opportunity becomes more widespread, the best housing markets are no longer limited to the coasts or one-industry tech towns. This year’s hottest markets have something for everyone, whether they’re looking for somewhere to raise a family or start their career.”
Here’s the full list of Zillow’s picks for the top 10 hottest housing markets in 2016:
- Denver, Colorado
- Seattle, Washington
- Dallas-Fort Worth, Texas
- Richmond, Virginia
- Boise, Idaho
- Ogden, Utah
- Salt Lake City, Utah
- Omaha, Nebraska
- Sacramento, California
- Portland, Oregon
This article originally appeared on NerdWallet.