Housing Markets Expected to Thrive in 2021

While many unexpected housing markets boomed this year due to the pandemic, 2021 may be the year for these 15 cities, says Forbes. Forbes analyzed one-year, two-year, and five-year home value changes from Zillow in addition to reviewing the number of home sales, available inventory, and the percentage of homes sold within two weeks from Redfin to determine 15 markets poised to shine next year. The top housing market to watch in 2021 has made other lists, including the top livable cities, the hottest housing markets right now, and the best real estate markets for first-time buyers. 

The study revealed that traditional assumptions made about certain housing markets, like San Francisco and New York, have to change as many cities experienced slow sales and home value growth. Meanwhile, some unusual suspects have seen a marked uptick in activity and are poised to continue into next year. Read on to find out the top housing markets to watch in 2021.

1. Boise, Idaho
The capital of Idaho has been experiencing big growth in its population and its home values in recent years. From 2010 to 2020, Boise’s population rose by about 12%, from 209,578 people to 234,576. From October 2015 to October 2020, home values rose by 75% on average, with the value of a typical home in Boise up to $379,161 from $216,607 five years ago. In just the last year alone, the average Boise home value rose by $50,000, from $329,026 in October 2019 to where it stands now.

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