Realtor.com’s newly released annual list of the top 10 hottest housing zip codes in the U.S. reveals which suburbs across the country millennial homebuyers are flocking to in search of more space for their money. Here, we begin our countdown to the No. 1 suburb. Two states that we service made the list.
#10. Franklin, Tennessee (Nashville)
Franklin, ZIP code 37067, is only about 21 miles from downtown Nashville, which makes it easy for homebuyers to drive to the historic Music City. Residents in Franklin enjoy an area that’s populated with scenic, lush landscapes and farms. The city’s median listing price rose by almost 31 percent from last year, and is also 97 percent higher than the Nashville metro area, and 120 percent more than national median home prices.
Median listing price: $847,000
Average time a home spends on the market: 5 days
Paces Funding is proud to lend in Nashville, Tennessee.
#9. Farmington, Michigan (Detroit)
Farmington’s 48336 ZIP code gives buyers a relatively quick commute to Detroit, which is about 15 to 20 minutes away by car. It’s the closest suburb to the Motor City, but still offers buyers a home with a decent amount of square footage and land. The median listing price in Farmington is up by nearly 9 percent from last year, but it’s 13 percent lower than the Detroit metro area. It’s also 37 percent less than the national median home price.
Median listing price: $244,000
Average time a home spends on the market: 8 days
#8. Concord Proper, New Hampshire (Concord)
With a ZIP code of 03301, Concord Proper is situated in the center of New Hampshire’s capital city. Downtown there are two performing arts centers and three museums. Homebuyers will love that there are no state income or sales taxes. Since last year the area’s median list price rose by a little over 14 percent, but it is still 10 percent lower than the Concord metro area, and 11 percent lower than national median home prices.
Median listing price: $343,000
Average time a home spends on the market: 9 days
#7. Milford, Massachusetts (Worcester)
Milford, ZIP code 01757, is approximately an hour from Boston and is on the southeast side of Worcester—homebuyers will be in a prime location for access to both of those sizeable job markets. The median listing price is 6 percent higher than the Worcester metro area, and 18 percent higher than national median prices. Still, it’s significantly lower than Boston’s $699,000 median home price.
Median listing price: $455,000
Average time a home spends on the market: 6 days