The 10 hottest housing markets for 2017

TRD New York TRD WEEKEND EDITION /
Jan.January 07, 2017 10:06 AM

If you’re looking to invest in real estate, look no further than Nashville.

The city is likely to be the hottest housing market in 2017, according Zillow, a real estate website, which offered its predictions for the 10 hottest housing markets of the year.

To come up with the ranking, Zillow looked for cities with “quickly rising home values, low unemployment rates and strong income growth.”

Zillow expects housing values to appreciate 3% in 2017, and western cities are likely to outperform the national average.

We present below Zillow’s list of top 10 hottest housing markets in 2017.

1. Nashville, Tennessee

 

Forecasted home value appreciation: 4.3%

Income growth: 1.1%

Unemployment rate: 4.0%

Source: Zillow

2. Seattle, Washington

 

Forecasted home value appreciation: 5.6%

Income growth: 1.0%

Unemployment rate: 4.4%

Source: Zillow

3. Provo, Utah

 

Forecasted home value appreciation: 4.3%

Income growth: 1.0%

Unemployment rate: 2.7%

Source: Zillow

4. Orlando, Florida

 

Forecasted home value appreciation: 5.7%

Income growth: 1.0%

Unemployment rate: 4.5%

Source: Zillow

5. Salt Lake City, Utah

 

Forecasted home value appreciation: 4.3%

Income growth: 1.0%

Unemployment rate: 2.8%

Source: Zillow

6. Portland, Oregon

 

Forecasted home value appreciation: 5.2%

Income growth: 1.0%

Unemployment rate: 4.8%

Source: Zillow

7. Knoxville, Tennessee

 

Forecasted home value appreciation: 4.4%

Income growth: 1.1%

Unemployment rate: 4.7%

Source: Zillow

8. Ogden, Utah

 

Forecasted home value appreciation: 4.7%

Income growth: 1.0%

Unemployment rate: 2.9%

Source: Zillow

9. Denver, Colorado

 

Forecasted home value appreciation: 3.6%

Income growth: 1.0%

Unemployment rate: 2.9%

Source: Zillow

10. Sacramento, California

 

Forecasted home value appreciation: 4.8%

Income growth: 1.0%

Unemployment rate: 5.2%

Source: Zillow


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