House prices in these 22 cities will surge the most in the next year, according to Zillow
House prices will rise by an average of 1.6 percent across the country over the next year, according to a new report.
Still, twenty-two cities could see even higher growth of between 3.7 percent and 6.1 percent, Zillow reports.
It comes after new analysis found the 2020s could be the best decade yet for the property market.
House prices have risen 47.1 percent in the years since the pandemic, marking a faster growth rate than in the entire 1990s or 2010s.
The current decade is on track to eclipse the red-hot market of the 2000s, when prices rose 47.3 percent – after an 80 percent spike in the run-up to the 2007 financial crisis.
Here, DailyMail.com reveals where house prices will rise the most in the coming year.
22. Clarksville, Tenn
Home prices in Clarksville are expected to rise 3.7 percent in the coming year.
The average sales price in the area is $268,967, according to Zillow.
21. Greenville, North Carolina
Homeowners in Greenville, North Carolina will also see their homes increase by an estimated 3.7 percent over the next twelve months.
The average home sale in the city is $215,500.
20. Durham-Chapel Hill, North Carolina
In North Carolina’s Durham-Chapel Hill, home prices are also expected to rise 3.7 percent over the course of next year.
The housing market here is red hot, with listed properties spending an average of just twelve days on the market before a sale is imminent.
The average home sales price in the area is $371,083.
19. Wilmington, North Carolina
Wilmington, where median home sales prices are $411,583, is expected to see a 3.7 percent price increase over the next year.
18. Albuquerque, New Mexico
Another real estate hotspot is Albuquerque, New Mexico.
Here, the average sales price for a home is $322,333 and homes spend an average of only eleven days on the market.
17. Boise City, Idaho
Boise, Idaho is slightly more expensive, with an average home sale of $448,317.
House prices are also expected to rise by an average of 3.7 percent in the capital over the next twelve months.
16. Yuma, Ariz
Prices in Yuma, southwestern Arizona, are expected to rise even further, up an average of 3.8 percent over the next year, according to Zillow estimates.
The average sales price of a home in this city on the Colorado River is $283,300.
15. McAllen-Edinburg Mission, Texas
McAllen-Edinburg-Mission in Texas expects a substantial 3.9 percent increase in home prices in the coming year.
The average home sales price in this area of approximately 900,000 people is $192,867.
14. Fayetteville, North Carolina
Home prices in Fayetteville, North Carolina are also expected to rise 3.9 percent over the next twelve months.
Homes in this city, with a median sales price of $218,500, typically stay on the market for only two weeks before a sale is looming.
13. Muncie, Indiana
The average sales price in Muncie, Indiana is $137,377 and is expected to increase 3.9 percent over the next year.
Houses also only stay on the market for two weeks before they are snatched up.
12. Santa Maria-Santa Barbara, California
In a much more expensive neighborhood, the average home sale in Santa Barbara is $852,250.
These prices will rise by another 3.9 percent over the next twelve months.
Real estate is also only on the market for twelve days in this seaside paradise.
11. Charlotte-Concord-Gastonia, North Carolina
In North Carolina, prices in Charlotte, Concord and Gastonia are all expected to rise four percent over the next year.
The average home sales price in the area is $348,667.
10. New Haven-Milford, Connecticut
Home prices in New Haven, home to the world-famous Yale University, are expected to see home prices rise by 4 percent over the next twelve months.
The average sales price in New Haven and nearby Milford is $307,817, but homes are selling within eight days of hitting the market.
9. Johnson City, Tenn
Johnson City, Tennessee will see home prices rise even further to 4.1 percent.
Here, homes stay on the market for just under two weeks with an average sales price of $226,160.
8. Manchester-Nashua, New Hampshire
Home prices will also rise 4.1 percent in Manchester and Nashua, New Hampshire.
Homes in these cities spend just six days on the market before buyers pay an average price of $434,489 to call them home.
7. Portland-South Portland, Maine
In Portland and nearby South Portland, Maine, where homes sell for a median of $475,000, home prices are expected to rise 4.1 percent.
In waterfront towns, homes are only on the market for eleven days before a sale is imminent.
6. Jackson, Tenn
Home prices in Jackson, Tennessee are expected to rise even further over the course of next year, adding another 4.2 percent to valuations.
Despite these features, selling for a median of $183,167 takes a little longer to sell if they spend an average of 25 days on the market.
5. Athens-Clarke County, Georgia
The historic southern city of Athens is expected to see house prices rise by 4.2 percent in the coming year.
The average home sale in the city, known for its pre-Civil War architecture, currently sells for $323,333.
4. Syracuse, New York
In Syracuse, in upstate New York, home prices are expected to rise by as much as 4.5 percent over the next 12 months.
Homes in this college town sell for an average of $193,667 after just seven days on the market.
3. Rochester, New York
In Rochester, prices will rise another five percent over the next year.
Homes are on the market for just eight days in this town on the edge of Lake Ontario.
The current average sales price is $199,975.
2. Flagstaff, Arizona
In Flagstaff, Arizona prices are expected to rise 5.3 percent over the next 12 months.
The current average sales price for this mountain town is $593,833.
1. Knoxville, Tenn
The city that will see the biggest increase in home prices in the coming year is Knoxville, Tennessee.
Home values in the eastern Tennessee city are expected to rise by a significant 6.1 percent during that time.
The average sales price is currently $321,000.
Here too, homes are bought up after just two weeks on the market.