Currently Reading

Experts Say This City Will Be the Nation's Hottest Market

Housing Markets

Experts Say This City Will Be the Nation's Hottest Market

January 19, 2021
Austin, TX
Photo: Christian Hinkle

Economists, investment strategists, and real estate experts predict 2021 to be the year of the Sun Belt cities. Phoenix, Nashville, Tampa, Denver, and Austin all experienced a hot market last year, but these metros' upward trajectory is not predicted to end this year. Zillow surveyed a panel of industry experts for their fourth quarter Zillow Home Price Expectations Survey, which all say these top-performing cities are most likely to outperform the nation when it comes to home value growth. Austin, TX will lead as the hottest housing market, Zillow says. This makes 2021 the second year in a row where experts expect Austin at the top.

Austin was also predicted to be the hottest market in last year’s survey, and that proved true. By mid-December, the median list price for homes in the Austin metropolitan area was up 23.6% year-over-year — the largest rise among the 50 largest U.S. markets. 

A large majority (84%) of those surveyed said home value value growth in Austin would out-perform the national average, compared to just 9% who said they believed it would fare worse. Phoenix came in second with 69%, followed by Nashville (67%), Tampa (60%), and Denver (56%). 

The top-five metros are all relatively affordable options compared to expensive coastal areas that have led home appreciation ranks in recent years, providing relative value for those looking to take advantage of low mortgage rates to buy their first home or move up in the market. The top five are also, for the most part, sunny locales; all except Nashville rank in the top-half of U.S. cities for their annual percentage of possible sunshine, according to NOAA data reported by NerdWallet.

Read More


Related Stories

Market Data + Trends

Where Do the Millionaires Live?

The number of million-dollar earners is on the rise, with less than three in every 1,000 taxpayers earning more than $1 million in 2018, according…


Where Are Retirees Moving?

Although Americans aged 65 and older make up 17% of the total U.S. population, they accounted for 29% of moves in 2020, according to data from…

Market Data + Trends

No Metro Immune From Single-Family Price Gains, Says NAR

Single-family home prices continued their strong upward trend last quarter, with a large majority seeing double-digit increases, according to the…


More in Category


Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.