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{"id":13291,"date":"2024-08-21T19:17:08","date_gmt":"2024-08-21T19:17:08","guid":{"rendered":"https:\/\/www.sellfor1percent.com\/?p=13291"},"modified":"2024-08-21T19:17:10","modified_gmt":"2024-08-21T19:17:10","slug":"americas-hottest-zip-codes-in-2024","status":"publish","type":"post","link":"https:\/\/www.sellfor1percent.com\/americas-hottest-zip-codes-in-2024\/","title":{"rendered":"America\u2019s Hottest ZIP Codes in 2024"},"content":{"rendered":"

Surprising Markets That Homebuyers Love<\/h2>

The quest for an affordable dream home can seem daunting, Realtor.com\u00ae has unveiled its annual Hottest ZIP Codes of 2024<\/a><\/strong>, showcasing the markets where homebuyers are flocking due to affordability, amenities, and overall appeal. Let\u2019s dive into this year\u2019s hottest markets and explore why these areas are experiencing such high demand. The Hottest ZIP Code of 2024: Gahanna, OH (43230)<\/strong><\/p>

For the second consecutive year, Gahanna, OH (43230)<\/strong>, located in the Columbus metro area, takes the crown as the most sought-after ZIP code in the United States. This charming suburb is strategically positioned near booming industries, including recent expansions by Intel and Google, which add to its allure. With big-city amenities at small-town prices, a robust school system, and a close-knit community, Gahanna offers an appealing mix of value and lifestyle.<\/p>

\u201cGahanna is so appealing because of its strong home values,\u201d says Lory Kim, a real estate agent with REMAX Connection. \u201cThe market here has remained robust over the years, making it a smart choice for families and investors alike.\u201d<\/p>

\"\"
Gahanna, OH<\/strong><\/figcaption><\/figure>

Why These ZIP Codes Are Hot<\/strong><\/h2>

According to Realtor.com\u2019s senior economic analyst, Hannah Jones, the top 10 ZIP codes of 2024 share key characteristics:<\/p>

  1. Affordability:<\/strong> All of the top ZIP codes offer homes at a lower median list price or a lower price per square foot compared to the national average.<\/li>\n\n
  2. Location:<\/strong> These ZIP codes are primarily located in the Midwest and Northeast, areas that combine value with desirability.<\/li>\n\n
  3. High Demand:<\/strong> Homes in these areas receive more views and sell faster than the national average, indicating strong buyer interest.<\/li><\/ol>

    Regional Breakdown: Midwest and Northeast Lead the Charge<\/strong><\/h2>

    This year, the hottest ZIP codes are predominantly located in the Midwest and Northeast regions, reflecting a trend where buyers seek affordable and well-located metros. Massachusetts, for example, boasts three of the top 10 ZIP codes, while New Jersey has two, and New York and Pennsylvania each contribute one.<\/p>

    In contrast, the South and West are notably absent from the list, as buyer interest has shifted away from these traditionally higher-priced regions. The Southern market, in particular, has cooled due to an increase in for-sale inventory, diluting demand on a per-property basis.<\/p>

    Rising Home Prices in Hot Markets<\/strong><\/h2>

    Even in these affordable areas, home prices are climbing. In the hottest ZIP codes, home prices have risen by an average of 7.4% in the first half of 2024, compared to just 0.4% growth nationwide. This means prices in these top markets are rising 18.5 times faster than the national median, making them competitive yet increasingly expensive.<\/p>

    Competitive Markets: Homes Fly Off the Shelves<\/strong><\/h2>

    The hottest ZIP codes of 2024 aren\u2019t just affordable\u2014they\u2019re also highly competitive. Homes in these areas received 3.7 times more views than the national average and sold a whole month faster. The average time on the market ranged from just 8 to 18 days, compared to the national average of 50 days.<\/p>

    Buyers in these markets tend to be more affluent, with higher credit scores and greater financial resources, making these areas particularly attractive for those looking to relocate from pricier regions or upgrade from existing homes.<\/p>

    The Top 10 Hottest ZIP Codes of 2024<\/strong><\/h2>
    \"Ballwin,
    Ballwin, MO<\/strong><\/figcaption><\/figure>

    <\/p>

    1. 43230: Gahanna, OH (Columbus, OH Metro)<\/strong>