Top 5 Hottest Real Estate Markets

The housing market in the United States surged big time in 2021, and there’s no end in sight to the real estate rush.

Here are the five hottest markets in the country for 2022.

Salt Lake City, Utah

The median home price in Salt Lake City has already exceeded the $500,000 mark, and Realtor.com predicts another 23.7% jump in combined sales and price growth this year.

SLC has become a haven for remote workers looking to relocate from high cost-of-living states to a city that emphasizes quality of life. It also helps that “Silicon Slopes,” a thriving tech hub, is just a short drive away.

Tampa, Florida

Experts at Zillow put Tampa at the top of their list of hottest real estate markets in 2022, raising the city three spots from its fourth-place finish in 2021. Last year, the average home value in Tampa increased by almost 30%.

Florida is always a big draw because of its weather, but Tampa is particularly attractive right now thanks to high job growth, a strong and stable economy, and relative affordability.

Raleigh, North Carolina

The housing market in Raleigh is poised to show growth numbers in 2022 that mimic the nearly 30% jump predicted for areas such as Salt Lake City and Tampa.

The city is family-oriented, with an emphasis on quality schools as well as plenty of options for kid-friendly activities ranging from cool museums to well-kept parks. Add in a booming economy and respectable job growth, and there’s plenty to keep parents happy, too.

Spokane, Washington

Spokane is an excellent example of how smaller satellite cities are getting a population boost as people move away from skyrocketing real estate prices in nearby major metropolises.

Living in Spokane can be a respite from the faster pace and more cramped neighborhoods of Portland, Seattle, and Tacoma, but it still offers tons of outdoor activities plus affordable housing and just enough nightlife to keep things interesting.

Columbus, Ohio

Columbus is another city experiencing an influx of new residents who are making the most of their new work-from-home roles to explore a more relaxed, wallet-friendly lifestyle in the Midwest.

Plenty of local jobs can be had in the area, too — at least 17 Fortune 1000 companies are headquartered in the Columbus region — plus great schools, plenty of culture, and one of the world’s most highly rated zoos.