Controlling for home size, all ten markets have a comparable or lower median listing price per square foot relative to the US housing market, their surrounding metro, or both.Īs companies are slow to bring employees back into the office, remote and hybrid work arrangements continue to put pressure on relatively affordable markets with spacious homes. housing market, or relative to their surrounding metropolitan area, or both. Six of the top 10 zip codes had a lower median list price compared to the U.S.
Notably, these zip codes are attracting views from higher-priced metros across the country.Įvery zip code in our top 10 offers some element of value for potential buyers. However, several zip codes are more affordable than their local markets, despite being higher priced than the national average, attracting cost-conscious consumers with their sights set on a specific area. Half of the zip codes on our list are lower in price than the national median, a slight drop from last year as 2021’s distributed demand shifted to a heavy northeast concentration. The common theme across these zips is value for money. This year’s zip codes are a mixed bag of lower-priced zips near high-priced metros, relatively higher-priced zips in low-priced metros, and a few overall affordable locales. As a result, buyers have set their sights on areas that offer good bang for their buck. High Prices and Mortgage Rates Drive Demand for Affordabilityīuyers this year have been faced with rising prices and mortgage rates, a double-whammy of declining affordability. *Limited to one zip code per metropolitan area The 2022 hottest ZIP codes in America, in rank order, are: Rank To dive deeper into each of the hottest zips, check out zip guides at /2022hottestzipcodes. The hottest areas are those that have high demand from buyers, in other words, lots of unique viewers per each property listed for sale, and fast-selling homes, an indicator of limited supply. ’s Hottest Zip Code rankings take into account two aspects of the housing market: 1) market demand, as measured by unique viewers per property on, and 2) the pace of the market as measured by the number of days a listing remains active on. The Western region is not represented in this year’s ten hottest zips as affordability concerns have pushed buyer interest elsewhere. This demand fueled the blistering pace of sales with homes spending 20 to 26 fewer days on market than the typical US home.Įight of the ten hottest zip codes on the list are in the northeast, while the Midwest and South each have one zip on the list. These hot zip codes garnered between 2.7 and 4.6 times the number of viewers per property, on average, compared to what was typical in the US for the first half of the year. Zips at the top of the list saw demand drive listing prices up an average 18.6% year-over-year in June, exceeding the US’ average 16.9% price growth. Many of this year’s zips are within regular or occasional commuting distance of high-cost metros and priced lower than their immediate surroundings, enabling buyers to marry location and value. Shoppers determined to achieve homeownership have had to get creative this year amidst rising prices and mortgage rates. These hot zips offer considerable bang for your buck with larger-than-average homes at lower-than-average prices. Our list of top 10 zip codes shows a mix of homebuyers eager to find value in the vicinity of high-priced metros, and buyers opting for high-priced zips in low-cost metros.