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Realtor.com® Unveils the 2024 Hottest ZIP Codes in America: Midwest and Northeast ZIPs Dominate this Years List

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Realtor.com® has released its 2024 Hottest ZIP Codes Report, with Gahanna, Ohio (43230) taking the top spot for the second consecutive year. The report highlights that the Midwest and Northeast dominate this year's list, reflecting a focus on affordability and value in larger metros. Key findings include:

1. Seven of the top 10 ZIPs are in the Northeast, with three in Massachusetts.
2. Midwest holds three spots, including Columbus, Ohio, which has been on the list since 2017.
3. Southern and Western regions are not represented this year.
4. Top ZIPs offer lower median list prices compared to national and metro averages.
5. Homes in these ZIPs spent an average of 13 days on the market, 32 days less than the national median.
6. Buyers in these areas have higher average credit scores (757) and down payments (16.7%) compared to national averages.

Realtor.com® ha pubblicato il suo Rapporto sui Codici Postali più Hot del 2024, con Gahanna, Ohio (43230) che si aggiudica il primo posto per il secondo anno consecutivo. Il rapporto evidenzia che il Midwest e il Nordest dominano la lista di quest'anno, riflettendo un'attenzione su accessibilità e valore nelle grandi metropoli. Tra i principali risultati troviamo:

1. Sette dei primi 10 codici postali si trovano nel Nordest, con tre in Massachusetts.
2. Il Midwest occupa tre posizioni, compresa Columbus, Ohio, che è nella lista dal 2017.
3. Le regioni meridionali e occidentali non sono rappresentate quest'anno.
4. I codici postali di punta offrono prezzi di vendita medi inferiori rispetto alla media nazionale e metropolitana.
5. Le case in questi codici postali sono rimaste in media 13 giorni sul mercato, 32 giorni in meno rispetto alla media nazionale.
6. Gli acquirenti in queste aree hanno punteggi di credito medi più elevati (757) e acconti (16,7%) rispetto alla media nazionale.

Realtor.com® ha lanzado su Informe de Códigos Postales más Calientes de 2024, con Gahanna, Ohio (43230) ocupando el primer lugar por segundo año consecutivo. El informe destaca que el Medio Oeste y el Noreste dominan la lista de este año, reflejando un enfoque en la asequibilidad y el valor en las grandes áreas metropolitanas. Los hallazgos clave incluyen:

1. Siete de los 10 principales códigos están en el Noreste, con tres en Massachusetts.
2. El Medio Oeste tiene tres posiciones, incluida Columbus, Ohio, que ha estado en la lista desde 2017.
3. Las regiones del Sur y Oeste no están representadas este año.
4. Los códigos superiores ofrecen precios de lista medianos más bajos en comparación con los promedios nacionales y metropolitanos.
5. Las casas en estos códigos estuvieron en el mercado un promedio de 13 días, 32 días menos que la mediana nacional.
6. Los compradores en estas áreas tienen puntajes de crédito promedio más altos (757) y pagos iniciales (16.7%) en comparación con los promedios nacionales.

Realtor.com®이 2024년 가장 인기 있는 우편번호 보고서를 발표했으며, 오하이오주 가한나 (43230)가 두 번째 연속으로 1위를 차지했습니다. 보고서는 중서부와 동북부가 올해의 목록을 지배하고 있으며, 대도시에서의 접근성과 가치를 중시함을 반영하고 있습니다. 주요 발견사항은 다음과 같습니다:

1. 상위 10개 우편번호 중 7개가 동북부에 위치하며, 그 중 3개는 매사추세츠입니다.
2. 중서부는 3개 위치를 차지하고 있으며, 콜럼버스, 오하이오가 2017년 이후로 목록에 있었습니다.
3. 남부 및 서부 지역은 올해 대표되지 않았습니다.
4. 상위 우편번호들은 전국 및 대도시 평균보다 낮은 중위 목록 가격을 제공합니다.
5. 이 우편번호들의 집은 평균 13일 동안 시장에 있었으며, 이는 전국 중위 수치보다 32일 더 적은 시간입니다.
6. 이 지역의 구매자들은 평균 신용 점수(757)와 계약금(16.7%)이 전국 평균보다 높습니다.

Realtor.com® a publié son Rapport sur les Codes Postaux les plus Chauds de 2024, avec Gahanna, Ohio (43230) qui occupe la première place pour la deuxième année consécutive. Le rapport souligne que le Midwest et le Nord-Est dominent la liste de cette année, reflétant une attention sur l'accessibilité et la valeur dans les grandes métropoles. Les principales conclusions comprennent :

1. Sept des 10 premiers codes postaux se trouvent dans le Nord-Est, dont trois dans le Massachusetts.
2. Le Midwest occupe trois places, y compris Columbus, Ohio, qui figure sur la liste depuis 2017.
3. Les régions du Sud et de l'Ouest ne sont pas représentées cette année.
4. Les codes postaux de premier plan offrent des prix de liste médians inférieurs aux moyennes nationales et métropolitaines.
5. Les maisons dans ces codes postaux ont passé en moyenne 13 jours sur le marché, soit 32 jours de moins que la médiane nationale.
6. Les acheteurs dans ces zones disposent de scores de crédit moyens plus élevés (757) et de mises de fonds (16,7 %) par rapport aux moyennes nationales.

Realtor.com® hat seinen Bericht über die heißesten Postleitzahlen 2024 veröffentlicht, wobei Gahanna, Ohio (43230) zum zweiten Mal in Folge den ersten Platz belegt. Der Bericht zeigt, dass der Mittlere Westen und der Nordosten dominieren und den Fokus auf Erschwinglichkeit und Wert in größeren Metropolregionen widerspiegeln. Zu den wichtigsten Erkenntnissen gehören:

1. Sieben der Top 10 Postleitzahlen befinden sich im Nordosten, davon drei in Massachusetts.
2. Der Mittlere Westen hat drei Plätze, darunter Columbus, Ohio, das seit 2017 auf der Liste steht.
3. Die südlichen und westlichen Regionen sind in diesem Jahr nicht vertreten.
4. Die Top-Postleitzahlen bieten niedrigere Medianlistenpreise im Vergleich zu nationalen und städtischen Durchschnitten.
5. Einrichtungen in diesen Postleitzahlen waren im Durchschnitt 13 Tage auf dem Markt, 32 Tage weniger als der nationale Durchschnitt.
6. Käufer in diesen Gebieten haben höhere durchschnittliche Kreditwerte (757) und Anzahlungen (16,7%) im Vergleich zu den nationalen Durchschnittswerten.

Positive
  • Gahanna, Ohio (43230) tops the list for the second consecutive year, indicating sustained buyer interest
  • Top ZIPs offer lower median list prices compared to national and metro averages, providing value for buyers
  • Homes in these ZIPs spent an average of 13 days on the market, 32 days less than the national median, indicating high demand
  • Buyers in these areas have higher average credit scores (757) and down payments (16.7%), suggesting strong financial qualifications
  • Homes in the hottest ZIPs sold for an average 3.3% over asking price, compared to 2.3% under asking price nationally
Negative
  • Southern and Western regions are not represented in this year's top 10 ZIPs, indicating a shift in buyer interest away from these areas
  • The South has seen a significant increase in for-sale inventory, potentially cooling off and slowing down the region's housing market

Insights

The 2024 Hottest ZIP Codes report reveals a significant shift in the U.S. housing market dynamics. The dominance of Midwest and Northeast ZIPs indicates a clear trend towards affordability and value-seeking among homebuyers. This trend is likely driven by the persistent high mortgage rates and elevated home prices in traditionally hot markets.

Key insights:

  • Gahanna, Ohio (43230) retaining the top spot highlights the sustained appeal of affordable, amenity-rich suburbs near major cities.
  • The absence of Southern and Western ZIPs in the top 10 suggests a cooling of previously overheated markets, potentially offering opportunities for price corrections.
  • The average 13 days on market for these hot ZIPs, compared to the national median, indicates strong demand and supply in these areas.

For investors, this data suggests potential opportunities in Midwest and Northeast markets that offer a balance of affordability and desirability. However, the highly competitive nature of these markets, with homes selling 3.3% above asking price, may present challenges for buyers.

This report underscores a significant market recalibration towards affordability and value. The concentration of hot ZIPs in the Midwest and Northeast, with lower median list prices compared to national figures, reflects a pragmatic shift in buyer preferences amidst high housing costs and interest rates.

Notable economic implications:

  • The exodus from high-cost coastal areas to more affordable inland markets could reshape regional economic landscapes.
  • Strong buyer qualifications (average credit score of 757 and 16.7% down payments) in these areas suggest a resilient local economy and potentially lower default risks for lenders.
  • The rapid pace of sales in these markets may lead to localized housing shortages, potentially driving up prices and affecting affordability in the medium term.

This trend may prompt developers and investors to reconsider their strategies, potentially leading to increased housing development in these newly hot markets to meet growing demand.

The 2024 Hottest ZIP Codes report highlights a significant urban planning challenge and opportunity. The shift towards Midwest and Northeast suburbs near major cities underscores the need for:

  • Improved infrastructure in these rapidly growing areas to support the influx of new residents.
  • Balanced development that maintains the affordability and quality of life factors attracting buyers.
  • Sustainable growth strategies to prevent urban sprawl and preserve local character.

Cities like Gahanna, Ohio, topping the list for two consecutive years, serve as case studies for successful suburban planning. They offer a blueprint for blending urban amenities with suburban affordability. However, planners must be cautious of potential gentrification and ensure inclusive growth that doesn't price out existing residents.

This trend also signals a need for revitalization efforts in Southern and Western markets that have fallen off the list, potentially through targeted investments in affordable housing and quality-of-life improvements.

Gahanna, Ohio takes the hottest ZIP title for the second year in a row, followed by Ballwin, Mo. and Salem, Mass.

SANTA CLARA, Calif., Aug. 20, 2024 /PRNewswire/ -- For the first time since Realtor.com®'s inaugural Hottest ZIP Codes Report in 2017, one ZIP code, 43230, Gahanna, Ohio, took the No. 1 spot for a second consecutive year. In the 2024 report, released today, we once again see this years' hottest ZIPs located exclusively in the Midwest and the Northeast, as each of this year's top markets attract buyers who are looking for a combination of value and desirability.

"While we've seen big changes in the housing market, such as a growing number of homes for sale, this year's hottest ZIP codes in America show common factors are  driving interest in these highly competitive areas," said Realtor.com® Chief Economist Danielle Hale. "Although mortgage rate relief is starting to materialize, this year's hottest ZIPs reflect the focus on affordability that home shoppers have had over the last few years in the face of high housing costs. Concentrated in larger metros across the Northeast and Midwest, these top 10 ZIPs attracted highly qualified home buyers seeking more space without relinquishing proximity to urban amenities."

The 2024 Hottest ZIP Codes in America, in rank order, are:

  1. 43230 Gahanna, Ohio*
  2. 63021 Ballwin, Mo.*
  3. 01970 Salem, Mass.*
  4. 07920 Basking Ridge, NJ*
  5. 14609 Rochester, NY*
  6. 08054 Mount Laurel, NJ
  7. 01453 Leominster, Mass.
  8. 01085 Westfield, Mass.
  9. 46322 Highland, IN*
  10. 18062 Macungie, Pa.*

(Bolded ZIPs were on last years ranking, starred ZIPs represent metros that were on last years' ranking)

This year, the Northeast and Midwest dominate the list. Seven of the 10 hottest ZIP codes on the list are in the Northeast, with an impressive three Massachusetts ZIP codes, two New Jersey ZIP codes and one ZIP code each in New York and Pennsylvania. Philadelphia, Penn and Springfield, Mass metros are represented by a ZIP code on the Hottest Zips list for the first time in the data's history

The Midwest holds three spots on the list with three ZIPs that were also on last year's list.  In fact, Columbus, Ohio has been a presence on the Hottest Zips list each year dating back to 2017. This is the second year in a row, and only the second time in the list's history, that only two regions are represented on the top-10 list.

The Southern and Western regions are not represented in this year's ten hottest ZIPs as buyer interest has shifted away from the areas that are generally unaffordable, or have become less affordable due to significant price growth during the pandemic. The South in particular has seen a significant pick up in for-sale inventory, which has thinned out buyer demand on a per-property basis, cooling off and slowing down the region's housing market.

Gahanna Snags the Top Spot, Again
Gahanna topped the list two years in a row. The Columbus area offers home shoppers the amenities and quality-of-life advantages of a larger town, but at a lower price point. Homes in this ZIP code were priced 11.0% below the metro's average, and 19.4% below the national median in the first half of the year. The lifestyle and affordability available in ZIP 43230 (Gahanna, Ohio) drew the attention of shoppers in the New York City metro, though almost half of listing viewership came from within the metro.

Value for Everyone
This years' hottest ZIP codes all offered some form of value for potential buyers. Compared to the greater U.S. housing market, and even the surrounding areas in which they sit, each of the top 10 have a lower median list price and/or median listing price per square foot. The Midwest zips, Columbus (ZIP 43230 in Gahanna, Ohio), Chicago (ZIP 46322 in Highland, Ind.), and St. Louis (ZIP 63021 in Ballwin, Mo.), on this year's list were priced an average 24.6% lower than the national median in June. Three Northeast ZIPs Rochester, N.Y. (ZIP 14609 in central Rochester), Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (ZIP 08054 in Mount Laurel, NJ) and Springfield, Mass. (ZIP 01085 in Westfield, Mass.), on this years' list were priced an average 28.8% below the U.S. median in June. Even the list's highest priced market in Basking Ridge, NJ (ZIP 07920), with a median listing price of $995,000 in June, was affordable relative to the larger New York City metro area. The median listing price per square foot in Basking Ridge was 33.6% below the surrounding metro's average in June

Highly Competitive
Competition for homes in this year's hottest ZIPs has quickened the market pace. Homes in the hottest ZIPs spent an average 13 days on the market in June 2024, more than a month (-32 days) less than the national median. The high-stakes environment in these areas means that successful buyers are well-qualified and well-equipped to purchase a home. Successful buyers in these areas had an average credit score of 757 compared to the U.S.' average of 734 as well as a 16.7% average down payment compared to the national average of 14.0% in the first half of 2024.  Not only are homes going fast in these hottest markets, in the first four months of the year, homes sold for an average 3.3% over asking price while nationally homes sold for an average 2.3% under asking price in the same period.

Read the full report and see how your zip compared: http://www.realtor.com/hottestzips

Top 50 Hottest Zip Codes

Rank

Zip
Code

Zip Name

Metro Area

Viewers
per
property
vs US

Median
Days on
Market

Jan-June
Median
Listing
Price

1

43230

Columbus

Columbus, OH

4.3

11

$345,000

2

63021

Ballwin

St. Louis, MO-IL

3.5

16

$409,000

3

01970

Salem

Boston-Cambridge-Newton,
MA-NH

3.6

16

$596,000

4

07920

Basking Ridge

New York-Newark-Jersey
City, NY-NJ-PA

3.5

16

$967,000

5

14609

Rochester

Rochester, NY

2.9

8

$151,000

6

08054

Mount Laurel

Philadelphia-Camden-
Wilmington, PA-NJ-DE-MD

3.3

18

$385,000

7

01453

Leominster

Worcester, MA-CT

4.2

21

$462,000

8

01085

Westfield

Springfield, MA

5.2

20

$347,000

9

46322

Highland

Chicago-Naperville-Elgin,
IL-IN-WI

3.3

21

$250,000

10

18062

Macungie

Allentown-Bethlehem-
Easton, PA-NJ

2.7

16

$462,000

11

48154

Livonia

Detroit-Warren-Dearborn,
MI

3

21

$328,000

12

53151

New Berlin

Milwaukee-Waukesha, WI

4.1

23

$408,000

13

02703

Attleboro

Providence-Warwick, RI-MA

2.9

21

$516,000

14

61109

Rockford

Rockford, IL

3.1

22

$182,000

15

45240

Cincinnati

Cincinnati, OH-KY-IN

2.8

21

$256,000

16

06611

Trumbull

Bridgeport-Stamford-
Norwalk, CT

4.6

25

$596,000

17

17601

Lancaster

Lancaster, PA

3.4

21

$498,000

18

44130

Cleveland

Cleveland-Elyria, OH

3.8

24

$246,000

19

45459

Dayton

Dayton-Kettering, OH

3.3

24

$325,000

20

03051

Hudson

Manchester-Nashua, NH

3.3

27

$632,000

21

43614

Toledo

Toledo, OH

3

26

$190,000

22

44805

Ashland

Ashland, OH

3

26

$250,000

23

44904

Mansfield

Mansfield, OH

3.3

27

$262,000

24

06489

Southington

Hartford-East Hartford-
Middletown, CT

4.4

29

$493,000

25

67212

Wichita

Wichita, KS

3.1

29

$258,000

26

28277

Charlotte

Charlotte-Concord-
Gastonia, NC-SC

2.6

26

$661,000

27

46033

Carmel

Indianapolis-Carmel-
Anderson, IN

3.5

29

$519,000

28

65109

Jefferson City

Jefferson City, MO

2.7

26

$327,000

29

23226

Richmond

Richmond, VA

2.7

28

$658,000

30

19606

Reading

Reading, PA

2.1

24

$279,000

31

48823

East Lansing

Lansing-East Lansing, MI

2.5

27

$320,000

32

55110

Saint Paul

Minneapolis-St. Paul-
Bloomington, MN-WI

2.7

26

$399,000

33

40223

Louisville

Louisville/Jefferson County,
KY-IN

2.5

28

$425,000

34

06790

Torrington

Torrington, CT

3.3

30

$271,000

35

66614

Topeka

Topeka, KS

2.4

26

$263,000

36

44221

Cuyahoga Falls

Akron, OH

3.1

30

$200,000

37

76021

Bedford

Dallas-Fort Worth-Arlington,
TX

2.1

25

$425,000

38

08610

Trenton

Trenton-Princeton, NJ

2.2

24

$337,000

39

95661

Roseville

Sacramento-Roseville-
Folsom, CA

2.5

28

$743,000

40

75028

Flower Mound

Dallas-Fort Worth-Arlington,
TX

2.4

28

$584,000

41

53081

Sheboygan

Sheboygan, WI

2.7

30

$248,000

42

06770

Naugatuck

New Haven-Milford, CT

2.6

29

$328,000

43

54901

Oshkosh

Oshkosh-Neenah, WI

2.6

30

$230,000

44

49707

Alpena

Alpena, MI

2.7

31

$192,000

45

94550

Livermore

San Francisco-Oakland-
Berkeley, CA

1.9

23

$1,275,000

46

53545

Janesville

Janesville-Beloit, WI

4.1

32

$316,000

47

62704

Springfield

Springfield, IL

2.6

31

$168,000

48

95376

Tracy

Stockton, CA

1.9

23

$646,000

49

64118

Kansas City

Kansas City, MO-KS

2.2

28

$268,000

50

47909

Lafayette

Lafayette-West Lafayette, IN

2.2

28

$359,000

Methodology Notes:
Realtor.com's Hottest Zip Code rankings are based on an algorithm that takes into account two aspects of the housing market: 1) market demand, as measured by unique viewers per property on Realtor.com, and 2) the pace of the market as measured by the number of days a listing remains active on Realtor.com. The hottest areas are those that have high demand from buyers, in other words, lots of unique viewers per each property, and fast-selling homes, an indicator of limited supply. Market Hotness rankings based on Realtor.com listing data from January to June 2024. The list of top zip codes is limited to one zip code per metropolitan area. Descriptive statistics in this write-up refer to June 2023 data unless otherwise noted.

About Realtor.com®
Realtor.com® is an open real estate marketplace built for everyone. Realtor.com® pioneered the world of digital real estate more than 25 years ago. Today, through its website and mobile apps, Realtor.com® is a trusted guide for consumers, empowering more people to find their way home by breaking down barriers, helping them make the right connections, and creating confidence through expert insights and guidance. For professionals, Realtor.com® is a trusted partner for business growth, offering consumer connections and branding solutions that help them succeed in today's on-demand world. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. For more information, visit Realtor.com®.

Media Contact: Mallory Micetich, press@realtor.com

Cision View original content:https://www.prnewswire.com/news-releases/realtorcom-unveils-the-2024-hottest-zip-codes-in-america-midwest-and-northeast-zips-dominate-this-years-list-302225733.html

SOURCE Realtor.com

FAQ

What is the hottest ZIP code in America for 2024 according to Realtor.com?

According to Realtor.com's 2024 Hottest ZIP Codes Report, the hottest ZIP code in America is 43230 in Gahanna, Ohio, which has taken the top spot for the second consecutive year.

Which regions dominate Realtor.com's 2024 Hottest ZIP Codes list?

The Midwest and Northeast regions dominate Realtor.com's 2024 Hottest ZIP Codes list, with seven of the top 10 ZIPs located in the Northeast and three in the Midwest.

How do home prices in the 2024 hottest ZIP codes compare to national averages?

Home prices in the 2024 hottest ZIP codes generally offer better value, with lower median list prices compared to national and metro averages. For example, Midwest ZIPs were priced an average 24.6% lower than the national median in June.

What is the average time on market for homes in the 2024 hottest ZIP codes?

Homes in the 2024 hottest ZIP codes spent an average of 13 days on the market, which is more than a month (32 days) less than the national median.

How do buyer qualifications in the 2024 hottest ZIP codes compare to national averages?

Buyers in the 2024 hottest ZIP codes have higher average credit scores (757 compared to the national average of 734) and higher average down payments (16.7% compared to the national average of 14.0%).

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