Buffalo has become the first metro to be named the USA’s hottest housing market by Zillow in two successive years. It achieved this rank in both 2024 and 2025.
Buffalo achieved its top ranking by becoming a seller’s market, helped by an influx of new residents spurred by new employment opportunities. The report found Buffalo had the most new jobs for each new home permitted, along with expected appreciation.
The other metros in the top 10 are Indianapolis, Providence, Hartford, Philadelphia, St. Louis, Charlotte, Kansas City, MO, Richmond, and Salt Lake City. They were identified based on an analysis of home value growth, housing market velocity, and likely changes in the labor market, home construction activity, and number of homeowner households.
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