The Wall Street Journal/Realtor.com Emerging Housing Market Index debuted this week, showing off some of the highest emerging markets in the United States.
- These markets are “the top metro areas for homebuyers seeking an appreciating housing market and appealing lifestyle amenities,” per The Wall Street Journal.
- The report “uses a slate of housing market, economic vitality and quality of life metrics to surface emerging housing markets–areas that are expected to see home price growth and that offer attractive lifestyle amenities,” according to Realtor.com.
The top 10 emerging markets unveiled in the report include:
- Coeur d’Alene, Idaho
- Austin-Round Rock, Texas
- Springfield, Ohio
- Billings, Montana
- Spokane-Spokane Valley, Washington
- Lafayette-West Lafayette, Indiana
- Reno, Nevada
- Concord, New Hampshire
- Manchester-Nashua, New Hampshire
- Santa Cruz-Watsonville, California
Per Realtor.com, the report also revealed the top 10 cities to watch for future emerging markets:
- Burlington, North Carolina
- Akron, Ohio
- Eureka-Arcata-Fortuna, California
- Appleton, Wisconsin
- Modesto, California
- Prescott, Arizona
- Columbus, Ohio
- Sacramento-Roseville-Arden-Arcade, California
- Madison, Wisconsin
- Columbia, Missouri
Why isn’t Utah on the list?
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Utah cities didn’t make the top emerging housing markets list, despite being the fastest-growing state in the last 10 years, according to the Deseret News. The Beehive State grew 18.4% in the last decade. The state’s population is now about 3.3 million residents.
- Idaho, Texas, North Dakota and Nevada were among the top five fastest-growing states in the country, too. All of those states, except for North Dakota, were among the emerging housing markets.