Late last month, U.S. News & World Reports released their report titled “The Hottest US Housing Markets.” Jacksonville comes in at #10 with an overall score of 68.1, a scant 4.8 off the leader Denver-Aurora-Lakewood, CO. The Bold City follows the Dallas-Fort Worth-Arlington, TX metropolitan statistical area (MSA) and comes in just ahead of Colorado Springs, CO.
The authors indicate that a “hot” market today is typically or likely one which has fallen back to principal fundamentals of supply, demand and affordability. With affordability high atop the list of most home buyers’ minds, especially with interest rates on the move – this list can serve as a great analytical tool if contemplating a move to a new city. At the same time, for locals, these findings serve as a great reminder of why you may have chosen to call an area home.
How was the list of Hottest US Housing Markets created?
U.S. News & World Reports looks to a wide range of data points to assemble their list. Data is sourced to June 2023 and the index is updated regularly towards the end of each month.
How Did Jacksonville Score on the list?
Overall, Jacksonville came in 10th on the August 2023 list. Other Florida MSAs to make the Top 10 include the Cape Coral-Fort Myers, FL region.
If you are considering a move to the area. Jacksonville features 22 miles of Atlantic coastline and other perks is home to the largest urban park system in America. The weather helps immensely with residents being able to be outdoors year-round. For those new to the area – there is also a seemingly unending series of sports, entertainment and activitiesin the area. From brunch to sporting events along with concerts and festivals – there is truly something for everyone.
Congratulations Jacksonville on being named to the U.S. News & World Reports list of The Hottest US Housing Markets.