The Houston metro’s robust actual property market has proven it could persevere by way of one other 12 months of excessive mortgage charges, and two native ZIP codes — in Katy and Cypress —are main the nation as the most popular housing markets of 2024.
A just-released report by Opendoor has revealed Katy’s 77493 is the No. 1 hottest U.S. housing market in 2024, with Cypress’ 77433 touchdown at No. 2. The 2 ZIPs flip-flopped from final 12 months’s placements.
The research examined the U.S. ZIP codes the place individuals purchased properties the quickest in 2024, utilizing native A number of Itemizing Companies (MLS) knowledge in markets the place Opendoor operates. The ZIP codes have been ranked by the overall variety of properties that went into contract inside 90 days of itemizing.
The affordability of Houston’s suburbs stay a giant draw attraction for newcomers, because the report says Houston’s housing prices are among the many lowest nationwide.
“Over the previous three years, we’ve seen individuals select to maneuver away from metropolis facilities in favor of tighter-knit communities, however nonetheless reside shut sufficient to commute and be near the motion,” the report says. “This 12 months’s hottest areas are recognized for being fast-growing cities with loads of new growth, with wholesome job progress in Florida and Texas specifically.”
Texas cities dominated the highest 10 for a second 12 months in a row, with 4 extra ZIPs incomes spots within the report: 78253 in San Antonio (No. 3); 78130 in New Braunfels (No. 4); 75126 in Forney (No. 6); and 78640 in Kyle (No. 10). McKinney’s 75071 ZIP ranked twelfth nationally.
Underneath-the-radar neighborhoods to look at in 2025
Opendoor additionally revealed its new record of “hidden gem” American neighborhoods the place new listings grew from January to November 2024.
ZIP code 77377 in Tomball, a metropolis 35 miles north of downtown Houston, was ranked the No. 4 finest hidden gem neighborhood with properties beneath $300,000.
Plano was the one different Texas metropolis to be included within the report’s record of prime under-the-radar neighborhoods. The Dallas suburb’s 75074 ZIP was ranked the No. 7 finest hidden gem for properties between $400,000 and $600,000.
“These [hidden gem] lists provide neighborhoods throughout completely different value factors with one thing for everybody,” the report says. “Just like the highest 20 record, these are neighborhoods which can be fast-developing, with one thing extra turnkey, and in a smaller group.”
Opendoor’s prime 10 hottest ZIP codes of 2024 are:
- No. 1 – Katy, Texas (77493)
- No. 2 – Cypress, Texas (77433)
- No. 3 – San Antonio, Texas (78253)
- No. 4 – New Braunfels, Texas (78130)
- No. 5 – Summerville, South Carolina (29486)
- No. 6 – Forney, Texas (75126)
- No. 7 – Yukon, Oklahoma (73099)
- No. 8 – Clarksville, Tennessee (37042)
- No. 9 – Parrish, Florida (34219)
- No. 10 – Kyle, Texas (78640)
