05/15
Top 10 Markets for Home Appreciation -Many in the NW!
They’ve always said location is important – and, according to Housingwire.com, these 10 markets listed below are nodding in agreement.
The markets below will see residential property values rise an average of 7.85% in the next year, which is more than twice the 3.7% rate estimated for the rest of the country. Experts are anticipating seeing this change through March 1, 2020.
Why are these markets anticipating an increase?
Major influencers for these small-to- mid-sized markets are low housing supplies and steady population growth.
Here are the ten markets estimated to see the highest rates of value:
| City | % |
| Idaho Falls, ID | 10.2% |
| Odessa, TX | 8.8% |
| Boise City-Nampa, ID | 8.7% |
| Bellingham, WA | 7.8% |
| Olympia, WA | 7.6% |
| Midland, TX | 7.5% |
| Phoenix-Mesa-Glendale, AZ | 7.1% |
| Spokane, WA | 7.0% |
| Yakima, WA | 6.9% |
| Kennewick-Pasco-Richland, WA | 6.9% |
It should be noted, however, that although these increases are greater than estimated for other areas, they are down slightly from previous year with the average increase being 8.3%. Experts agree that this shows a slowdown for most markets.