Press release
Realtor.com® 2023 Hottest ZIP Codes in America Reveal Demand for Closer Commutes is Back
Affordability isn't the only priority for U.S. homebuyers, according to Realtor.com®'s ninth annual Hottest ZIP Codes report; Proximity to cities is key as
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[{"type":"text","content":"Affordability isn't the only priority for U.S. homebuyers, according to Realtor.com®'s ninth annual Hottest ZIP Codes report; Proximity to cities is key as many companies call workers back to the office\nSANTA CLARA, Calif., Aug. 24, 2023 /PRNewswire/ -- For the first time in five years, the suburbs of five major metropolitan areas – Boston, New York, Chicago, Detroit and St. Louis – are represented on the annual Realtor.com® Hottest ZIP Codes Report released today, marking a renewed interest in commutable homes as much of the country's workforce returns to in-person work. Americans who have been shopping for a home in 2023, despite limited inventory and high mortgage rates that remain in the 6-7% range, are flocking to areas that are more affordable relative to the rest of the country, less expensive than their nearby metro area, or provide better value, offering more space at a lower price.\nLocated exclusively in the Midwest and the Northeast, each of this year's top 10 Hottest ZIP codes in America is attracting buyers with homes that are either priced at or below the U.S. median, or are larger in size than the U.S. average. Additionally, homes listed within the Hottest ZIPs received an average of 3.6 more views per listing than in the rest of the country, and sold one month faster than average in 2023.\nThe 2023 Hottest ZIP Codes in America, in rank order, are:\n43230, Gahanna, Ohio06489, Southington, Conn.07450, Ridgewood, N.J.01810, Andover, Mass.18064, Nazareth, Pa.46322, Highland, Ind.48183, Trenton, Mich.06851, Norwalk, Conn.14534, Pittsford, N.Y.63021, Ballwin, Mo.\"As many companies continue to call employees back to the office, we're seeing a surge in home shoppers who are seeking a desirable combination of cost and convenience within commuting distance of major metropolitan areas,\" said Danielle Hale, Chief Economist for Realtor.com®. \"In addition to affordable markets, this year's list also features some higher priced areas close to large urban cores, which will likely appeal to buyers who are concerned with finding the right mix of size and amenities within reach of a nearby city center.\"\nNo. 1 Hottest ZIP: Gahanna, Ohio \nThis year's Hottest ZIP Code is Gahanna, Ohio (43230), which continues the legacy of Columbus, Ohio markets appearing on the Hottest ZIP codes list. The greater Columbus area offers home buy...