This Western U.S. Metropolis Has the Prime Housing Market within the U.S. for 2025

Shopping for a house continues to be out of attain for a lot of People as a result of excessive actual property costs, low housing stock, and better mortgage charges. In line with a brand new report by the Nationwide Affiliation of Realtors, the median age of a first-time purchaser is now 38, the best it’s ever been, partly as a result of individuals have to save lots of for a very long time earlier than shopping for a house. Nevertheless, there’s excellent news for 2025.

In line with Realtor.com, mortgage charges will decline, and extra newly constructed houses will develop into obtainable, serving to to fill the housing scarcity. The corporate just lately launched its prime housing markets for 2025 report, highlighting comparatively reasonably priced areas most well-liked by younger households with loads of houses on the market. And Colorado Springs, Colorado, ranked first. 

The median dwelling worth in November in Colorado’s second-most populous metropolis was $489,900, with houses staying available on the market for 63 days on common, virtually 30 % longer than final 12 months. The checklist focuses on markets anticipated to have the best sale and worth development charges subsequent 12 months, making shopping for a house there a very good funding. Colorado Springs got here on prime in that class, having the best share of current dwelling gross sales year-over-year in addition to one of many highest charges of dwelling worth will increase. 

In Colorado Springs, the median age is 36 years, and over 27 % of households have youngsters. The present unemployment fee is 4.5 %, and Realtor.com factors out that the town has one of many highest shares of distant or hybrid job postings in 2024 — virtually 9 %.

Positioned on the foot of the Rocky Mountains, Colorado Springs presents a mix of out of doors recreation and lots of city facilities. Town can also be famously dwelling to the Backyard of the Gods, identified for its wondrous purple rock formations relationship again over 300 million years.

The Miami-Fort Lauderdale-West Palm Seaside space is second on the checklist. The median itemizing worth there may be $525,000. Realtor.com factors out that whereas the projected dwelling gross sales and worth development fee is the second highest, first-time consumers on the lookout for a house in Miami also needs to think about the price of residing within the area, which is 11.5 % larger than the nationwide common. Town is the least reasonably priced place to dwell out of all the highest 10 markets, with residents spending over 40 % of their earnings on housing prices.

And Virginia’s Virginia Seaside metro space snatched the No. 3 spot of the highest housing markets in 2025. It has a median dwelling itemizing worth of $389,900. Virginia’s largest metropolis has been getting loads of consideration currently. U.S. Information ranked it top-of-the-line locations to dwell for high quality of life and low value of residing, whereas Area of interest.com ranked its faculty system the nineteenth finest within the nation.

General, the South and the West dominate Realtor.com’s checklist with all 10 prime markets positioned in these areas. The bulk are in Texas, Florida, and Virginia, with probably the most reasonably priced market being McAllen in Texas, which, at $270,000, has the bottom median dwelling worth as of November 2024.

You’ll be able to learn the whole report and its findings on realtor.com.