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Home Prices in These 34 Southern Cities Are Projected To Spike Most in 2025

April 17, 2024

6 min Read

Written by J. David Herman

Edited by Gary Dudak

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Homeowners in many southern U.S. cities are looking at another tick upward in value over the next year, despite increased inventory.

The pandemic drove many homebuyers southward in search of affordability. With many homes in states like North Carolina, Florida and Georgia still relatively affordable compared to other states and previously shaky inventories gaining their footing, the trend is continuing.

Realtor.com’s Housing Market Trends Report for March noted that active home listings in the southern U.S. were up nearly 36% compared to March 2023. Nevertheless, homes remained relatively scarce and prices high compared to previous years.

GOBankingRates has compiled a list of southern cities where home values are expected to grow at least 3% by February 2025, based on data from Zillow. We then compiled a reverse countdown of the 34 cities that made the list, from the 3 percenters to the highest predicted spikes.

Our review includes homes within the largest housing markets in 15 states: Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia and West Virginia. Washington D.C. was also included.

As for trends in the list, sizzling-hot North Carolina leads the way with 11 entries. Texas and Florida, each with six, are tied for a distant second. Keep reading to find the projected price spikes of these 34 southern cities in 2025.

34. Danville, Virginia

Average home value in February 2024: $145,987
Projected value growth over next year: 3%
Projected average home value in February 2025: $150,367

33. Albany, Georgia

Average home value in February 2024: $148,837
Projected value growth over next year: 3%
Projected average home value in February 2025: $153,302

32. New Bern, North Carolina

Average home value in February 2024: $241,162
Projected value growth over next year: 3%
Projected average home value in February 2025: $248,397

31. Savannah, Georgia

Average home value in February 2024: $328,730
Projected value growth over next year: 3%
Projected average home value in February 2025: $338,592

30. Charlotte

Average home value in February 2024: $376,847
Projected value growth over next year: 3%
Projected average home value in February 2025: $388,152

29. Homosassa Springs, Florida

Average home value in February 2024: $280,307
Projected value growth over next year: 3.1%
Projected average home value in February 2025: $288,996

28. Jefferson, Georgia

Average home value in February 2024: $379,661
Projected value growth over next year: 3.1%
Projected average home value in February 2025: $391,431

27. Tampa

Average home value in February 2024: $389,571
Projected value growth over next year: 3.1%
Projected average home value in February 2025: $401,647

26. Johnson City, Tennessee

Average home value in February 2024: $252,491
Projected value growth over next year: 3.2%
Projected average home value in February 2025: $260,571

25. Burlington, North Carolina

Average home value in February 2024: $276,147
Projected value growth over next year: 3.2%
Projected average home value in February 2025: 3.20%

24. Cleveland, Tennessee

Average home value in February 2024: $277,156
Projected value growth over next year: 3.2%
Projected average home value in February 2025: $286,025

23. Wilmington, North Carolina

Average home value in February 2024: $423,057
Projected value growth over next year: 3.2%
Projected average home value in February 2025: $436,595

22. Hilton Head Island, South Carolina

Average home value in February 2024: $520,798
Projected value growth over next year: 3.2%
Projected average home value in February 2025: $537,463

21. Naples, Florida

Average home value in February 2024: $726,893
Projected value growth over next year: 3.2%
Projected average home value in February 2025: $750,153

20. McAllen, Texas

Average home value in February 2024: $180,837
Projected value growth over next year: 3.3%
Projected average home value in February 2025: $186,805

19. Hickory, North Carolina

Average home value in February 2024: $241,500
Projected value growth over next year: 3.3%
Projected average home value in February 2025: $186,805

18. Greenville, North Carolina

Average home value in February 2024: $250,902
Projected value growth over next year: 3.3%
Projected average home value in February 2025: $259,181

17. Fayetteville, Arkansas

Average home value in February 2024: $329,401
Projected value growth over next year: 3.3%
Projected average home value in February 2025: $340,271

16. Athens, Georgia

Average home value in February 2024: $341,740
Projected value growth over next year: 3.3
Projected average home value in February 2025: $353,017

15. Gainesville, Georgia

Average home value in February 2024: $374,385
Projected value growth over next year: 3.3%
Projected average home value in February 2025: $386,740

14. Brownsville, Texas

Average home value in February 2024: $180,560
Projected value growth over next year: 3.4%
Projected average home value in February 2025: $186,699

13. Tullahoma, Tennessee

Average home value in February 2024: $281,807
Projected value growth over next year: 3.4%
Projected average home value in February 2025: $291,388

12. Rocky Mount, North Carolina

Average home value in February 2024: $188,307
Projected value growth over next year: 3.5%
Projected average home value in February 2025: $194,898

11. Fayetteville, North Carolina

Average home value in February 2024: $236,601
Projected value growth over next year: 3.5%
Projected average home value in February 2025: $244,882

10. Pinehurst, North Carolina

Average home value in February 2024: $402,068
Projected value growth over next year: 3.5%
Projected average home value in February 2025: $416,140

9. Lumberton, North Carolina

Average home value in February 2024: $125,686
Projected value growth over next year: 3.6%
Projected average home value in February 2025: $130,211

8. Shawnee, Oklahoma

Average home value in February 2024: $169,162
Projected value growth over next year: 3.6%
Projected average home value in February 2025: $175,252

Pictured: Nearby Norman

7. Wilson, North Carolina

Average home value in February 2024: $200,574
Projected value growth over next year: 3.6%
Projected average home value in February 2025: $207,794

6. Greenville, Tennessee

Average home value in February 2024: $212,479
Projected value growth over next year: 3.7%
Projected average home value in February 2025: $220,340

Pictured: Nearby Pigeon Forge

5. Palatka, Florida

Average home value in February 2024: $198,905
Projected value growth over next year: 3.9%
Projected average home value in February 2025: $206,663

4. Statesboro, Georgia

Average home value in February 2024: $252,519
Projected value growth over next year: 3.9%
Projected average home value in February 2025: $262,367

3. Lake City, Florida

Average home value in February 2024: $249,274
Projected value growth over next year: 4.1%
Projected average home value in February 2025: $259,494

2. Sebring, Florida

Average home value in February 2024: $242,964
Projected value growth over next year: 4.2%
Projected average home value in February 2025: $253,168

1. Knoxville, Tennessee

Average home value in February 2024: $332,689
Projected value growth over next year: 5.1%
Projected average home value in February 2025: $349,656

Methodology: For this piece GOBankingRates looked at exclusively southern (AL, AR, DE, DC, FL, GA, KY, LA, MD, MS, NC, OK, SC, TN, TX, VA, AND WV) metros within the 500 largest housing markets to find which southern cities are poised for the biggest spike in home value over the next year. To do this, GOBankingRates determined all qualifying metros, February 2024 home value; 1-year projected home value growth/decline, and projected February 2025 home value. Only southern metros with 3% or greater 1-year projection were included. All data was sourced from Zillow and is up to date as of April 4, 2024.

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