Regardless how good or bad the U.S. economy is, at any point in time some markets are hot and others are not. Even within a city, some neighborhoods are hot and others not. Jobs are everything. Period. As jobs increase, likewise does construction and household formation rates.
To define the hottest markets in the country, Realtor.com® used projections for 2016 for the top 100 counties in the U.S. of the following metrics:
- Job Creation
- Household Formation
- New Construction
Once the markets were identified, the top ZIP Code was identified based on a five-year projection of household growth
So where are the top-10 boom towns and the respective ZIP Code for the submarket?
To read the entire press release from Realtor.com® including details on the top counties and respective ZIP Codes plus the rankings of the top-30, click http://news.move.com/2016-04-18-Realtor-com-Identifies-Americas-Boom-Towns
In all honesty I had never heard of Rolesville, North Carolina and did some online searching. Rolesville is a small town located outside Raleigh, the state capital. It is within the Research triangle. The town’s population increased from 907 in 2000 to 3,786 in 2010 – a massive 317 percent jump in 10 years, and then to 6,075 in 2015 (up 60 percent in five years). Impressive.
Boom towns indeed.