The new year ramps up expectations and preparations, but if you’re in the market to buy a new house, what will 2025 have in store for your budget? The U.S. housing market is filled with potential financial landmines but if you are looking at a certain area you might want to buy before the buying exceeds your budget.
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While some markets have cooled after the pandemic-induced boom, others are poised for significant growth through the end of 2024 and throughout 2025. Various factors, including migration trends, job market expansion, infrastructure development and housing supply constraints, contribute to these regions becoming real estate hotbeds.
GOBankingRates recently conducted a study to find which markets are quickly growing based on increased home value year over year. The statistical growth from 2023 to 2024 can be used as a good indicator of how those markets are projected to continuously grow in 2025. Here are 20 housing markets estimated for growth that you should consider investing in for 2025.
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August 2023 average home value: $176,316
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August 2024 average home value: $195,509
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One-year home value change (%): 10.89%
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One-year home value change ($): $19,194
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