Published by REALTOR.com | November 6, 2024
Sun Belt states continue to dominate when it comes to population growth and housing development.
Rapid population growth and affordability are fueling some of the hottest markets investors need to keep an eye on in 2025.
And Dallas, which saw the largest increase in population in 2023, according to the U.S. Census Bureau, is ripe as an investor’s market.
Four other cities—including Miami; Houston; St. Petersburg-Tampa, FL; and Nashville, TN— ranked high in the Emerging Trends in Real Estate 2025 report from Price Waterhouse Coopers and the Urban Land Institute, which identified the five hot markets buyers and investors should watch in the coming year.
The report looked at various factors, including the current local market, homebuilding and new construction prospects, and overall real estate prospects to determine the hottest markets.
Sun Belt cities made up 13 of the top 20 markets to watch, drawing interest because of their thriving economies and relative affordability.
Other popular areas are what PWC/ULI dubbed “18-hour cities,” such as Denver; Charlotte, NC; and Ft. Lauderdale, FL. These cities haven’t entirely developed into markets with 24/7 amenities and access, but they can compete against larger cities because of their relative affordability.
“Supernova cities,” or cities that have seen vast amounts of growth relative to the overall U.S. population, also ranked high on the “markets to watch” list. Those cities, which include Austin, TX, and Raleigh-Durham, NC, are projected to see 8% in population growth over the next five years, compared with the U.S. population growth average of 1.9%.
Here’s what makes Dallas, Miami, Houston, St. Petersburg-Tampa, and Nashville especially attractive for investors.
