Are you considering a career in real estate? If you live in one of the cities listed below, fast-track your plans to earn your real estate license. The following ten communities have been named the top housing markets to watch. These rising real estate markets are based on buyer demand, housing inventory, median days on the market, and a host of other factors.
2024 Rising Real Estate Markets
Here are the communities the Wall Street Journal/Realtor.com listed as emerging markets in 2024.
1. Rockford, Illinois
Average home value: $149,760
Rockford, Illinois, is nestled along the Rock River in the northern part of the state. The city is known for its industrial heritage and has a diverse economy that includes manufacturing, healthcare, aerospace, and education sectors.
2. Canton, Ohio
Average home value: $153,192
Caton, Ohio, is home to the Pro Football Hall of Fame. It’s in the northeastern part of the state and celebrates its sports heritage while also embracing arts and culture.
3. Ann Arbor, Michigan
Average home value: $497,682
Ann Arbor, Michigan, is home to the University of Michigan. It’s a vibrant college town with a thriving arts and music scene.
4. Akron, Ohio
Average home value: $126,631
Akron, Ohio, is known for its industrial history, diverse economy, and cultural offerings. It is the former rubber capital of the world. Today, Akron’s economy is diversified, with sectors including healthcare, education, manufacturing, and technology.
5. Springfield, Missouri
Average home value: $229,172
Springfield, Missouri, is near the Ozark Mountains and is home to Missouri State University. Residents enjoy attractions such as the Wonders of Wildlife National Museum and Aquarium and the Springfield Art Museum.
6. Fort Wayne, Indiana
Average home value: $225,268
Fort Wayne, Indiana, is known as the “City of Churches” due to its numerous historic and architecturally significant churches. Fort Wayne also boasts a strong manufacturing and healthcare sector.
7. Manchester, New Hampshire
Average home value: $400,260
Manchester, New Hampshire, is located along the Merrimack River and is the largest city in New Hampshire. As an industrial center historically known for its textile mills, Manchester has evolved into a modern city with a diverse economy that includes healthcare, education, technology, and finance.
8. Columbus, Ohio
Average home value: $301,138
Columbus, Ohio, is the capital and largest city of Ohio. It’s known for its diverse economy, vibrant arts scene, and dynamic urban environment. Columbus is home to The Ohio State University.
9. Kingsport, Tennessee
Average home value: $236,486
Kingsport, Tennessee, is surrounded by the Appalachian Mountains and has a rich industrial history, particularly in manufacturing and healthcare. Kingsport provides a blend of small-town charm and modern amenities for its residents.
10. Portland, Maine
Average home value: $552,238
Portland, Maine, is a picturesque city known for its maritime heritage, cultural scene, and culinary delights.
Have you been considering a career in real estate? It’s an excellent time to get licensed! Even part-time real estate agents earn a healthy income in most markets. Learn more about the process, including how to sign up for classes, from Colibri Real Estate.
Colibri Real Estate is an at-your-own-pace real estate school that has licensed hundreds of thousands of real estate agents. We can help you earn your real estate license, too. Start today to take advantage of the hot real estate market near you.
Source:
Trapasso, Clare. “The No. 1 Housing Market to Watch Is One Most Americans Probably Haven’t Heard Of.” Real Estate News & Insights | realtor.com®, April 25, 2024. https://www.realtor.com/news/trends/top-housing-market-to-watch-rockford-illinois/.
