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Housing Market Projections 2024: 10 Cities Where Prices Could Grow the Most

October 15, 2023

3 min Read

Written by Heather Taylor

Edited by Amber Barkley

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It can be difficult to fully predict what the housing market will look like in 2024. What is less difficult, however, is using relevant data to forecast housing market trajectories at the local level.

In September 2023, SmartAsset utilized Zillow data to rank the largest 2,000 U.S. zip codes by the highest projected home price increases. The results reveal the cities, and their respective zip codes, with promising projected home value increases. According to SmartAsset, creating these types of models helps potential buyers figure out if they should buy now or wait to buy a home during winter months. It also helps to better inform sellers when they should list their home.

From least to greatest projected price increase, here are the top 10 cities, and zip codes, where home prices could grow the most in 2024.

Post Falls, Idaho (83854)

Projected price increase: 8.2%
Home value (July 31, 2023): $483,973
Projected 2024 home price: $523,659

Knoxville, Tennessee (37918)

Projected price increase: 8.3%
Home value (July 31, 2023): $304,881
Projected 2024 home price: $330,186

Lenoir, North Carolina (28645)

Projected price increase: 8.4%
Home value (July 31, 2023): $190,862
Projected 2024 home price: $206,894

Brownsville, FL (33142)

Projected price increase: 8.5%
Home value (July 31, 2023): $375,406
Projected 2024 home price: $407,316

North Miami Beach, Florida (33162)

Projected price increase: 8.5%
Home value (July 31, 2023): $443,856
Projected 2024 home price: $481,584

Muskegon, Michigan (49442)

Projected price increase: 8.6%
Home value (July 31, 2023): $158,324
Projected 2024 home price: $171,940

Winston-Salem, North Carolina (27105)

Projected price increase: 8.7%
Home value (July 31, 2023): $150,202
Projected 2024 home price: $163,269

North Miami, Florida (33161)

Projected price increase: 8.8%
Home value (July 31, 2023): $461,145
Projected 2024 home price: $501,725

Knoxville, Tennessee (37920)

Projected price increase: 9.5%
Home value (July 31, 2023): $283,744
Projected 2024 home price: $310,699

Rio Grande City, Texas (78582)

Projected price increase: 12.3%
Home value (July 31, 2023): $113,368
Projected 2024 home price: $127,312

Photo Disclaimer: Please note photos are for representational purposes only. As a result, some of the photos might not reflect the exact ZIP codes or locations listed in this article.

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