You already might have a place in mind like Beverly Hills or New York when searching for real estate properties. But have you considered searching online for the top 10 hottest zip codes in America?
Realtor however points out rather radical hot zipcodes that people probably wouldn't take much consideration to look into. Chief economist for Realtor.com, Jonathan Smoke says that the real estate in these areas is selling 2.3 times and are viewed 3 to 8 times more often in comparison to other metro areas because of distinct primary factors. These factors that provide a very conducive housing investment are affordability, greater job opportunities and a stable local economy. First time house owners find these places as good places to raise a family and establish a career.
On top of their list for the hottest zip code US has these days is 02176 or Melrose, Massachusetts. A couple that is in their mid 20's to mid 30's would have a 67% higher than average income or an equivalent of $88,000. Aside from its scenic downtown area is the accessible public transportation and affordability. Not to mention it is close to Cambridge and Boston.
Second top zip codes in america has a zipcode of 43085, which has the lowest unemployment rate in the US or also known as Worthington, Ohio. Worthington has the Ohio State University and can be considered a center for insurance companies and financial services like Nationwide Mutual Insurance Co. and Huntington Bancshares Inc.
Third on the top zip codes in America is 80122 known as Centennial Co. homes in this area has an average selling span of only 2 weeks. A newly opened Charles Schwab campus in October 2014 is in need of more or less 2,000 employees. Like Melrose a young adult family can earn an average income of $88,000.
Plano, Texas or zip code 75023 a home base for Legacy West which is a 240 acre $2 billion. It is a headquarters for a lot famous corporations like Dr. Pepper Snapple Group, Dell Services, Frito-Lay Inc, Ericsson and a proposed headquarters for Toyota Motors USA. Average household income in these areas is at $100,000. In 2020 the average income is expected to climb to 40%.
Yahoo Homes gives the fifth hot zip codes real estate which is Novi Michigan; zip code 48375. Novi had a 30% decrease in unemployment compared to last year and the Novi Community Scholl District is a major factor. Novi boasts of a 20% higher median income compared to other metro areas. San Antonio, Texas has a zip code of 78247 has houses that costs cheaper by a third and has been on the rise two times faster than the national rate. Garnering a homeownership rate of 84% the next zip code 63126 or Crestwood Missouri attracts Millennials and first time would be home owners. It has an average income of $73,000. It also has the nationally recognized district Lindbergh school. Austin Texas; zip code 78729 is ranked number 8. With Round Rock school district, giant companies like Apple, Dell and IBM are just located nearby. Millenials earn an average income of $73,000.
Business Insider puts Fargo, North Dakota (zip code 58103) at number 9. Featuring a $708,000 home up for sale, the location is just a few miles from North Dakota State University. The U.S. Census Bureau ranked Fargo as the fourth fastest growing metro area. The last but not the least is the "Village by the Seas" Carlsbad, California; zip code 92010. With $600,000 you can choose from an array of multifamily units.
If you wish to find a place you would want to call home in the nearest future, try considering the top 10 hottest zip codes in America.
