5 of the Hottest ZIP Codes of 2018
Realtor.com is out with its first quarter 2018 hottest ZIP code list. What we’re wondering: is it good or not so good to be an agent in one of the hottest zip codes in the US right now?
The housing market may be cooling down, but in some markets homes are flying off the market. In fact, homes in the top five hottest zip codes on the list average 16.4 days on the market. That’s barely enough time to get the lockbox installed.
In the meantime, based on Realtor.com’s criteria, which includes time on the market and the number of times homes in each ZIP Code are viewed on the site, we bring you the 5 hottest markets, according to ZIP Code.
1. Colorado Springs, Colorado (80922)
Coming in at the top of our hottest zip codes list is Colorado Springs. The Census Bureau estimates that the population of Colorado Springs has increased 11.3 percent since 2010, so it should come as no surprise that something there is acting like a magnet for new residents.
It could be all that good press the city gets, such as U.S. News ranking it at number two on its list of “125 Best Places to Live in the USA,” that’s bringing in new residents.
Or, maybe it’s the Wallet Hub survey that placed the city in second place for affordability and in the top 15 for education, economy and health.
The hottest zip codes can make all the difference
Then again, who doesn’t want to live in a gorgeous city with a low cost of living and unemployment rate with tons of recreational choices? In fact, the mayor there feels that their parks and the dollars mandated for infrastructure by voters are the top two reasons the city is so popular.
Newcomers can look forward to a median home price of $285,000 (which is an 11.3 percent increase from last year at this time). Agents here love that homes only spend, on average, 15 days on the market here.
2. Fort Worth, Texas (76148)
The second most-searched ZIP code at realtor.com is 76148, located in the Dallas-Fort Worth, metro. Here, folks can pick up a home at an average price of $176,867. Most likely, these homebuyers are yearning to buy in the City of Watauga, one of the larger city’s most popular suburbs.
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The median age of residents here is 34 and nearly 60 percent of the homes are occupied by families with kids. So, the area’s schools are the primary magnet, according to the report. But, don’t discount the robust jobs market in the DFW metro.
In fact, it’s the hottest in the country, according to the Dallas Business Journal.
Being named to Realtor.com’s list of hottest zip codes isn’t Watauga’s first award rodeo. This is the second year in a row that it’s been named to the list.
Homes here remain on the market, on average, 16 days.
3. San Ramon, California (94583)
Located a smidge more than 25 miles east of Oakland and about 34 miles east of San Francisco, and, although it’s a 45-minute drive to Silicon Valley, many of the big tech companies provide busses with stops in San Ramon.
There’s also a Bay Area Rapid Transit station in the city.
But, many residents don’t need to commute to work because San Ramon is home to the headquarters of several large corporations, including Chevron USA Inc. AT&T, Bank of the Accenture and Robert Half International.
The median price of a San Ramon home is $923,113, a bargain compared to prices across the Bay Area. Homes remain on the market an average of 16 days.
4. Melrose, Massachusetts (02176)
Tucked away in northeast Massachusetts, the Melrose real estate market is fiery hot. Its location, less than 10 miles from Boston (and less than that to Cambridge) is no doubt partially responsible for its popularity.
But the median list price for a home here ($569,433) is also quite attractive.
And the homes! Clients in the Boston area looking for Victorians and other vintage homes will be in heaven here because most of the homes were built in 1939 or earlier.
Melrose also made the list back in 2015, when the up-and-coming area got “841 views per month, three times what listings in Boston receive,” according to the Boston Globe’s Katie Johnston.
5. Littleton, Colorado (80128)
Oh, Littleton, what a crazy-popular place you’ve become. With 15 ZIP Codes, it most recently made an appearance on realtor.com’s hottest zip codes list for its very active housing market in the 80123 Zip Code.
Now, it’s 80128’s turn in the spotlight. Buyers seeking large homes head straight to the Columbine area, where 4- and 5-bedroom homes are the norm and 96.6 percent are owner-occupied.
Those seeking recreational opportunities are also flocking to 80128. It’s southern boundary is comprised of Chatfield and Cooley Lakes and the South Platte River makes up the extreme northeast border.
Buyers pay an average price of $432,050, according to realtor.com but they need to act quickly, because homes only stay on the market an average of 11 days.
If you serve one of these ZIP Codes, let us know how it’s going for you.
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Source: https://www.easyagentpro.com/blog/hottest-zip-codes-2018/
