{"id":352114,"date":"2025-08-17T17:09:13","date_gmt":"2025-08-17T17:09:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/352114\/"},"modified":"2025-08-17T17:09:13","modified_gmt":"2025-08-17T17:09:13","slug":"the-5-hottest-and-5-coldest-housing-markets-in-the-us","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/352114\/","title":{"rendered":"The 5 Hottest and 5 Coldest Housing Markets in the US"},"content":{"rendered":"

During the pandemic, Southern housing markets \u2014 especially Florida’s<\/a> \u2014 boomed as record numbers of people moved to the region for its lower cost of living and relatively affordable homes. However, Bankrate’s 2025 Housing Heat Index<\/a> shows that the trend is now reversing.<\/p>\n

Jeff Ostrowski, Bankrate’s housing market analyst, told Business Insider that the Sun Belt has lost its edge<\/a> <\/strong>as buyer demand fades and home sellers slash prices.<\/p>\n

“During the pandemic, Northeasterners were fleeing for the Sun Belt, but that trend has slowed and even reversed,” Ostrowski said, adding that in the North, “there’s just not a lot of inventory, and with limited choices, buyers are bidding up prices.”<\/p>\n

The research team at Bankrate analyzed 212 metros in the US, considering factors such as the year-over-year appreciation of home values \u2014 the most heavily weighted factor at 40% \u2014 along with employment levels, job growth, population trends, homes listed for sale, and typical selling times.<\/p>\n

According to Bankrate’s index, the Northeast had a strong showing at the top, with three of the top five hottest markets. This is a stark contrast to the 2023 rankings, in which the hottest markets were largely Southern cities. The New Haven-Milford metropolitan area of Connecticut, for example, found its way to the top five in this year’s ranking but was ranked 82nd in 2023.<\/p>\n

On the other end of the spectrum, Florida dominated the coolest markets, taking four of the bottom five spots.<\/p>\n

Home prices are increasing all over the country, but in Florida, where home insurance<\/a> and property taxes<\/a> are increasing as well, homeowners are feeling even more crunched \u2014 and prospective homebuyers would rather wait it out instead of buying.<\/p>\n

According to Bankrate’s ranking, the North Port-Sarasota-Bradenton metro in Florida was one of the hottest in the country in 2023, landing in the top five. However, this year, it’s in the bottom five.<\/p>\n

“I visited a number of open houses in that market a few months ago, and I saw a lot of lonely listing agents sitting in kitchens and waiting for buyers to come through,” Ostrowski said.<\/p>\n

Here are the five hottest and five coldest markets in the US, according to Bankrate. Median home-sale prices are from Zillow.com<\/a>, and population estimates come from the US Census Bureau.<\/p>\n

The hottest markets in the US<\/p>\n

\"Historic<\/p>\n

Charleston, South Carolina.<\/p>\n

Sean Pavone\/Shutterstock<\/p>\n

5. York-Hanover, Pennsylvania<\/p>\n

\"York,<\/p>\n

York, Pennsylvania.<\/p>\n

Shutterstock<\/p>\n

Population:<\/strong> 471,240<\/p>\n

Unemployment overall rank:<\/strong> 79<\/p>\n

One-year appreciation rank:<\/strong> 17<\/p>\n

Active listings overall rank: <\/strong>36<\/p>\n

Median sale price:<\/strong> $265,650<\/p>\n

4. Charleston-North Charleston, South Carolina<\/p>\n

\"Foggy<\/p>\n

North Charleston, South Carolina.<\/p>\n

Robert Loe\/Getty Images<\/p>\n

Population:<\/strong> 869,940<\/p>\n

Unemployment overall rank:<\/strong> 51<\/p>\n

One-year appreciation rank:<\/strong> 41<\/p>\n

Active listings overall rank: <\/strong>177<\/p>\n

Median sale price:<\/strong> $453,413<\/p>\n

3. Norwich-New London, Connecticut<\/p>\n

\"A<\/p>\n

Norwich, Connecticut.<\/p>\n

DenisTangneyJr\/Getty Images<\/p>\n

Population:<\/strong> 282,602<\/p>\n

Unemployment overall rank:<\/strong> 57<\/p>\n

One-year appreciation rank:<\/strong> 5<\/p>\n

Active listings overall rank: <\/strong>23<\/p>\n

Median sale price:<\/strong> $373,667<\/p>\n

2. Rockford, Illinois<\/p>\n

\"The<\/p>\n

Rockford, Illinois.<\/p>\n

DenisTangneyJr\/Getty Images\/iStockphoto<\/p>\n

Population:<\/strong> 337,103<\/p>\n

Unemployment overall rank:<\/strong> 148<\/p>\n

One-year appreciation rank:<\/strong> 2<\/p>\n

Active listings overall rank: <\/strong>6<\/p>\n

Median sale price:<\/strong> $160,000<\/p>\n

1. New Haven-Milford, Connecticut<\/p>\n

\"Downtown<\/p>\n

New Haven, Connecticut.<\/p>\n

f11photo\/Shutterstock<\/p>\n

Population:<\/strong> 576,718<\/p>\n

Unemployment overall rank:<\/strong> 91<\/p>\n

One-year appreciation rank:<\/strong> 1<\/p>\n

Active listings overall rank: <\/strong>15<\/p>\n

Median sale price:<\/strong> $368,333<\/p>\n

The coldest markets in the US<\/p>\n

\"Colorful<\/p>\n

Fort Myers, Florida.<\/p>\n

peeterv\/Getty Images<\/p>\n

5. Naples-Marco Island, Florida<\/p>\n

\"A<\/p>\n

Naples, Florida.<\/p>\n

Mint Images\/Getty Images\/Mint Images RF<\/p>\n

Population: <\/strong>416,233<\/p>\n

Unemployment overall rank:<\/strong> 91<\/p>\n

One-year appreciation rank:<\/strong> 150<\/p>\n

Active listings overall rank: <\/strong>211<\/p>\n

Median sale price: <\/strong>$556,258<\/p>\n

4. Shreveport-Bossier City, Louisiana<\/p>\n

\"Shreveport,<\/p>\n

Shreveport, Louisiana.<\/p>\n

Sean Pavone\/Getty Images\/iStockphoto<\/p>\n

Population: <\/strong>383,269<\/p>\n

Unemployment overall rank: <\/strong>134<\/p>\n

One-year appreciation rank: <\/strong>210<\/p>\n

Active listings overall rank: <\/strong>158<\/p>\n

Median sale price: <\/strong>$175,986<\/p>\n

3. North Port-Sarasota-Bradenton, Florida<\/p>\n

\"Sarasota,<\/p>\n

Sarasota, Florida.<\/p>\n

Jack Elka Photo\/Getty Images<\/p>\n

Population: <\/strong>934,956<\/p>\n

Unemployment overall rank: <\/strong>68<\/p>\n

One-year appreciation rank: <\/strong>211<\/p>\n

Active listings overall rank: <\/strong>208<\/p>\n

Median sale price: <\/strong>$413,856<\/p>\n

2. Punta Gorda, Florida<\/p>\n

\"An<\/p>\n

Punta Gorda, Florida.<\/p>\n

felixmizioznikov\/Getty Images\/iStockphoto<\/p>\n

Population: <\/strong>212,122<\/p>\n

Unemployment overall rank: <\/strong>165<\/p>\n

One-year appreciation rank: <\/strong>207<\/p>\n

Active listings overall rank: <\/strong>212<\/p>\n

Median sale price: <\/strong>$351,083<\/p>\n

1. Cape Coral-Fort Myers, Florida<\/p>\n

\"An<\/p>\n

Cape Coral, Florida.<\/p>\n

Jeffrey Greenberg\/Education Images\/Universal Images Group via Getty Images<\/p>\n

Population: <\/strong>860,959<\/p>\n

Unemployment overall rank: <\/strong>107<\/p>\n

One-year appreciation rank: <\/strong>212<\/p>\n

Active listings overall rank: <\/strong>210<\/p>\n

Median sale price: <\/strong>$348,259<\/p>\n","protected":false},"excerpt":{"rendered":"During the pandemic, Southern housing markets \u2014 especially Florida’s \u2014 boomed as record numbers of people moved to…\n","protected":false},"author":2,"featured_media":352115,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[51,2441,16,15],"class_list":{"0":"post-352114","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115045214744561026","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/352114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=352114"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/352114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/352115"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=352114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=352114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=352114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}