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:
|Idaho Falls, ID||10.2%|
|Boise City-Nampa, ID||8.7%|
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.