Realtor.com has released its list of the “Hottest ZIP Codes for 2017,” and 92126 comes in at #9 nationwide. The real estate listings website analyzed 32,000 ZIP codes based on the time it takes properties to sell and how frequently homes are viewed in each ZIP code.
According to the ranking, “The hottest ZIP codes for 2017 illustrate the power of millennial gravitation toward affordable suburbs with local “it” factors. While low inventory is a challenge, millennials are the largest generation in U.S. history and they are flexing their muscle when it comes to the housing market. Increasingly, the hottest housing markets are the ones that appeal to millennial preferences, and right now the standouts are relatively affordable suburbs with local ‘it’ factors such as hiking trails, great restaurants, and nightlife. With the largest cohort of millennials turning 30 in 2020, we can expect these types of areas to stay in demand in the years to come.”
According to Realtor.com, the five key factors driving the hottest markets are: Relative affordabiity; Large shares of older millennials; High millennial ownership rates; Strong job markets; and High salaries.
The ranking can be viewed here: https://research.realtor.com/hottest-zip-codes-2017/
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