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Seattle’s real estate market is still going strong. Artazum/Shutterstock
The US housing market has regained its momentum.
About half of all homes in the country are worth as much or more than they were in April 2007, during America’s most recent housing boom, according to data from Zillow.
But some real estate markets are really on fire, with quickly rising home values and rental prices, increasing populations, low unemployment rates, steady income growth, and strong job opportunities, according to Zillow’s latest housing report.
Below, check out the top 10 hottest real estate markets in America for 2018, along with median home values and rent prices, median household income, and projected year-over-year growth.
10. Dallas, Texas
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Median household income: $63,812
Median home value: $218,300
Median rent: $1,621
Real estate market growth forecast: 4.7%
9. Portland, Oregon
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Median household income: $68,676
Median home value: $370,700
Median rent: $1,902
Real estate market growth forecast: 3.7%
8. Nashville, Tennessee
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Median household income: $60,030
Median home value: $228,900
Median rent: $1,498
Real estate market growth forecast: 3.8%
7. Denver, Colorado
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Median household income: $71,926
Median home value: $376,500
Median rent: $2,056
Real estate market growth forecast: 3%
6. Austin, Texas
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Median household income: $71,000
Median home value: $277,600
Median rent: $1,713
Real estate market growth forecast: 3.3%
5. San Francisco, California
Median household income: $96,677
Median home value: $893,100
Median rent: $3,413
Real estate market growth forecast: 3.8%
4. Charlotte, North Carolina
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Median household income: $59,979
Median home value: $181,600
Median rent: $1,300
Real estate market growth forecast: 4%
3. Seattle, Washington
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Median household income: $78,612
Median home value: $463,800
Median rent: $2,243
Real estate market growth forecast: 5.4%
2. Raleigh, North Carolina
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Median household income: $71,685
Median home value: $233,900
Median rent: $1,441
Real estate market growth forecast: 3.7%
1. San Jose, California
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Median household income: $110,040
Median home value: $1,128,300
Median rent: $3,514
Real estate market growth forecast: 8.9%
-Loudenback, Tanza “These are the 10 hottest housing markets in America to watch in 2018” Business Insider, Business Insider, 10 Jan. 2018 http://www.businessinsider.com/zillow-hottest-real-estate-markets-in-america-2018-1/#10-dallas-texas-1
