Worcester and Springfield landed on Realtor.com’s Top Housing Markets for 2024.
The rental marketplace evaluated metros across the United States based on their expected sale- and price-growth rates. The real estate site used data on the housing market and economy to predict the values for the 100 largest metro areas in 2024. Sales growth was the top barometer.
Are these communities poised for an influx of home buyers? All eyes are on the MBTA as it considers expanding the commuter rail westward.
Here are the top 10:
- Toledo, Ohio
- Oxnard-Thousand Oaks-Ventura, Calif.
- Rochester, N.Y.
- San Diego-Chula Vista- Carlsbad, Calif.
- Riverside-San Bernadino-Ontario, Calif.
- Bakersfield, Calif.
- Springfield
- Worcester-Conn.
- Grand Rapids-Kentwood, Mich.
- ▫Los Angeles-Long Beach- Anaheim, Calif.
Springfield provides affordability
Springfield, which landed at No. 7, is expected to double in sales growth after a significant decline in 2023, according to the report.
Metro Springfield provides affordable housing options and access to health care facilities, high quality education, and job opportunities, according to the report, which said employment in education and health care makes up more than 25% of area jobs. Unemployment is also projected to be 4.1%, below the national average.
Given the high cost of renting in Boston, Springfield offers more…
