3 Ohio cities ranked among Zillow’s Hottest Housing Markets 2024

As any prospective homeowner knows, 2023 was a challenging year for those seeking to purchase a home. A number of factors, like rising mortgage rates and a nationwide housing inventory shortage, continue to cause headaches for homebuyers.

While some are optimistic 2024 will be a better year for the U.S. housing market, it largely depends on where you live, according to a new report from Zillow.

Zillow’s report predicted the top 10 hottest housing markets of 2024 across the U.S., and three Ohio cities made the list.

Cincinnati, Ohio, ranked second among U.S. cities in Zillow’s Hottest Housing Markets 2024 report, while Columbus ranked just behind at third and Cleveland ranked eighth on the list.

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Zillow’s report compared U.S. housing markets across five categories, including:

• Forecasted annual home value appreciation
• Forecasted acceleration in home value appreciation
• Two-year change in total employment per two-year residential building permit
• The number of average listing days per home
• Projected change in owner-occupied households from 2023 to 2024.

Both second-ranked Cincinnati and third-ranked Columbus were among the top three cities, along with Hartford, Connecticut, with the fewest listing days per home in 2023, according to Zillow. In addition, Columbus is predicted to see a nation-leading 11.4% increase in for-sale homes in 2024, according to the report.

In its report, Zillow notes all cities ranked in its top 10 hottest housing markets “should stand out as strong in a housing market still buffeted by low inventory and relatively high mortgage rates and prices.”

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The top 10 hottest housing markets of 2024, according to Zillow, are:

1. Buffalo, NY

2. Cincinnati, OH

3. Columbus, OH

4. Indianapolis, IN

5. Providence, RI

6. Atlanta, GA

7. Charlotte, NC

8. Cleveland, OH

9. Orlando, FL

10. Tampa, FL

Zillow’s full report predicting the hottest U.S. housing markets of 2024 can be found online.