The 5 Hottest and 5 Coldest Housing Markets within the US

In the course of the pandemic, Southern housing markets — particularly Florida’s — boomed as document numbers of individuals moved to the area for its decrease value of dwelling and comparatively inexpensive properties. Nonetheless, Bankrate’s 2025 Housing Warmth Index exhibits that the development is now reversing.

Jeff Ostrowski, Bankrate’s housing market analyst, instructed Enterprise Insider that the Solar Belt has misplaced its edge as purchaser demand fades and residential sellers slash costs.

“In the course of the pandemic, Northeasterners have been fleeing for the Solar Belt, however that development has slowed and even reversed,” Ostrowski stated, including that within the North, “there’s simply not a number of stock, and with restricted selections, consumers are bidding up costs.”

The analysis workforce at Bankrate analyzed 212 metros within the US, contemplating elements such because the year-over-year appreciation of dwelling values — essentially the most closely weighted issue at 40% — together with employment ranges, job development, inhabitants developments, properties listed on the market, and typical promoting occasions.

In line with Bankrate’s index, the Northeast had a robust exhibiting on the high, with three of the highest 5 hottest markets. This can be a stark distinction to the 2023 rankings, wherein the most well liked markets have been largely Southern cities. The New Haven-Milford metropolitan space of Connecticut, for instance, discovered its solution to the highest 5 on this yr’s rating however was ranked 82nd in 2023.

On the opposite finish of the spectrum, Florida dominated the good markets, taking 4 of the underside 5 spots.

Dwelling costs are growing all around the nation, however in Florida, the place dwelling insurance coverage and property taxes are growing as effectively, householders are feeling much more crunched — and potential homebuyers would moderately wait it out as an alternative of shopping for.

In line with Bankrate’s rating, the North Port-Sarasota-Bradenton metro in Florida was one of many hottest within the nation in 2023, touchdown within the high 5. Nonetheless, this yr, it is within the backside 5.

“I visited plenty of open homes in that market just a few months in the past, and I noticed a number of lonely itemizing brokers sitting in kitchens and ready for consumers to come back by means of,” Ostrowski stated.

Listed below are the 5 hottest and 5 coldest markets within the US, in accordance with Bankrate. Median home-sale costs are from Zillow.com, and inhabitants estimates come from the US Census Bureau.