A suburb of Columbus, Ohio, hosts the hottest ZIP code in the country, with homes there spending few days on the market and attracting more interest from online shoppers viewing listings during the first half of the year. That's Gahanna, which is home to just one five-digit number, topped the list compiled by Realtor.com for the second year in a row.
Gahanna offers the amenities and lifestyle advantages of a larger town but at a lower price point, said the firm. Homes in his ZIP code were priced 11% below the metro area's average and 19.4% below the national median. Homes in Gahanna spent an average of 11 days on the market in the first half of the year, which is 42 days less than the national average. On the demand side, ZIP 43230 attracted more than four times as many views per listing in January through June compared to the national average, said Realtor.com
All of the hottest five-digit numbers in the country are located in the Midwest and Northeast, according to the 10th annual Realtor.com Hottest ZIP Codes report. In Massachusetts, there were three, two in New Jersey, one in New York and one in Pennsylvania. The Midwest holds three spots on the list.
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"While we've seen big changes in the housing market, such as a growing number of homes for sale, this year's hottest ZIP codes in America show common factors are driving interest in these highly competitive areas," said Realtor.com chief economist Danielle Hale. "Although mortgage rate relief is starting to materialize, this year's hottest ZIPs reflect the focus on affordability that home shoppers have had over the last few years in the face of high housing costs.
Concentrated in larger metros across the Northeast and Midwest, these top 10 ZIPs attracted highly qualified home buyers seeking more space without relinquishing proximity to urban amenities."
Following Gahanna are Ballwin, Missouri; Salem, Massachusetts; Basking Ridge, New Jersey; Rochester, New York; Mount Laurel, New Jersey; Leominster, Massachusetts; Westfield, Massachusetts; Highland, Indiana; and Macungie, Pennsylvania.
The Southern and Western regions are not represented in this year's ten hottest ZIPs, reflecting a shift in buyer interest away from areas that are generally unaffordable or have become less affordable due to significant price growth during the pandemic. The South in particular has seen a significant pick up in for-sale inventory, which has thinned out buyer demand on a per-property basis, cooling off and slowing down the region's housing market, said Realtor.com.
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Kristen Smithberg
Kristen Smithberg is a Colorado-based freelance writer who covers commercial real estate, insurance, benefits and retirement topics for BenefitsPRO and other industry publications.
