South Lake Tahoe is Zillow’s hottest metropolis of 2021, main a West Coast close to sweep of essentially the most in-demand locations of the yr, together with the most well-liked trip city, seashore city and small city.
Based mostly on Zillow page-view site visitors, out there housing stock, value appreciation and different housing barometers that point out client demand, Zillow analyzed 1000’s of ZIP codes throughout the nation’s 100 largest metropolitan areas to create a rating of the location’s hottest U.S. cities.
The most well-liked locations on Zillow replicate a few developments we’ve been seeing all through the pandemic. Notably, those that can now work remotely, a minimum of often, are exploring new alternatives in areas that supply relative affordability and year-round outside dwelling.
Hottest on Zillow total: South Lake Tahoe, California
South Lake Tahoe[1] boasts vacation-style dwelling alongside the biggest freshwater lake within the Sierra Nevada. The town additionally landed first place in Zillow’s rankings of hottest small cities and trip cities.
Its excessive variety of views on Zillow — 5,469 web page views per itemizing — helped catapult it to the No. 1 spot. Lake Tahoe gives dwelling patrons a small-town vibe, with a simple commute to the Bay Space and Sacramento to the west, and Carson Metropolis and Reno to the east. The standard dwelling in South Lake Tahoe is valued at $692,792.[2]
Rounding out the highest three are Calabasas, California, a Los Angeles suburb teeming with A-list celebrities; and Malibu, a Southern California metropolis recognized for its jaw-dropping beachfront houses.
Hottest seashore city: Newport, Oregon
The town of Newport, alongside Oregon’s central coast, had a excessive variety of web page views per itemizing and one of many highest numbers of listings on Zillow mentioning the phrase “seashore” in its description.[3] The standard dwelling in Newport is valued at $428,534.
For causes just like these for Newport, Naples, Florida, and Lincoln Metropolis, Oregon, accomplished the rankings of high three hottest seashore cities.
Hottest retirement city: Lavallette, New Jersey
Utilizing the most recent out there U.S. Census information, Zillow outlined “retirement cities” as areas the place a minimum of 33% of the inhabitants is over the age of 65 and has no kids or different kinfolk (apart from their partner) dwelling within the dwelling. This charming metropolis, nestled on the Barnegat Peninsula in Ocean County, New Jersey, gives residents loads of facilities. Lavallette has one of many highest numbers of retirees in its inhabitants and essentially the most web page views per listings out of all of the areas Zillow analyzed for this class. The standard dwelling worth in Lavallette is $874,325.[4]
Subsequent on the checklist are Dunedin, Florida, on the Gulf Coast between Clearwater and Tarpon Springs, and St. Pete Seashore, Florida. Seven out of the ten hottest retirement cities are in Florida.
Hottest small city: Calabasas, California
Zillow outlined “small cities” as cities with populations of between 15,000 and 25,000. After South Lake Tahoe on this checklist is Calabasas. Calabasas shouldn’t be your on a regular basis small city. The standard dwelling right here is valued at greater than $1.5 million, and the world is named a scorching spot for movie star residents. Zillow surfers additionally spend time exploring dream houses in Evergreen, Colorado, which got here in third on this class, behind South Lake Tahoe and Calabasas.
Hottest trip city: Huge Bear Lake, California
Trip cities have been trending because the begin of the pandemic, with areas which have the best numbers of trip houses seeing extra curiosity on Zillow and larger pending-sales development than the nation at massive.
Huge Bear Lake[5] is a extremely sought-after space for lovers of the outside. This Southern California metropolis has all of the facilities vacationers search, together with loads of parks, lakes, mountains and mountaineering trails. Moreover, town has one of many highest inventories of housing models which can be for secondary, trip or leisure use.
Different trip cities that ranked excessive on Zillow’s checklist embody California’s Lake Arrowhead, a group within the San Bernardino Nationwide Forest; and Holmes Seashore, Florida, a metropolis on Anna Maria Island, about an hour’s drive from Bradenton.
Hottest faculty city: Tempe, Arizona
Tempe,[6] simply outdoors of Phoenix, is dwelling to Arizona State College. The town has one of many largest populations of undergraduate and graduate faculty college students amongst all of the cities analyzed, in addition to one of many highest variety of web page views per rental itemizing.
Zillow’s second-most-popular faculty city is Claremont, California, dwelling to The Claremont Schools, a consortium of seven schools, together with Pomona School, Claremont Graduate College, Scripps School, Claremont McKenna School, Harvey Mudd School, Pitzer School and Keck Graduate Institute — all sharing one campus within the metropolis.
Rating third is Narragansett, Rhode Island, dwelling to College of Rhode Island.
Methodology
Every of Zillow’s hottest metropolis indexes is designed to spotlight cities most desired by Zillow customers primarily based on a mixture of components pertinent to every class. Zillow housing indicators and variables have been weighted for the ultimate index to prioritize web page views per itemizing and affordability with development potential. Scores replicate information from January 2021 to November 2021. The evaluation used ZIP codes to map these to cities. Locations with small ZIP code populations, not included within the U.S. Census Bureau’s 2019 American Neighborhood Survey information, have been omitted from the evaluation.
Zillow analyzed the next primary variables:
- Typical dwelling values from October 2020 to October 2021
- 12 months-over-year development in typical dwelling values from October 2020 to October 2021
- Zillow web page view counts per listings from January 2021 to November 2021
- Median gross sales depend from January 2021 to November 2021 (excluded cities with fewer than 25 median gross sales a month)
- Median listings from January 2021 to November 2021 (excluded cities with fewer than 50 median listings a month)
[1] South Lake Tahoe, California, ranked No. 1 in three separate classes, together with “hottest total,” “hottest small city” and “hottest trip city.” South Lake Tahoe was omitted from the “hottest trip city” and “hottest small city” indexes, and town that ranked second-highest in these explicit classes was named the most well-liked.
[2] Based mostly on Zillow Dwelling Worth Index (ZHVI); as of October 2021.
[3] Itemizing description information was included in index scoring for the “hottest seashore city” class. Zillow outlined “seashore cities” as areas the place greater than half of listings talked about the seashore, and excluded all cities that don’t characteristic the phrase “seashore” in a minimum of 50 listings on Zillow.
[4] Based mostly on ZHVI; as of November 2021
[5] Zillow defines “trip cities” as areas the place greater than 33% of the housing models are designated for non-primary use. Based mostly on 2019 ACS Knowledge.
[6] On this evaluation, “faculty cities” are outlined as cities with the share of an space’s inhabitants of faculty college students a minimum of 20% or extra primarily based on 2019 U.S. Census information; additionally used have been ZIP code–stage populations, aggregated to town stage.
