Although the real estate market can be unpredictable, there are certain areas that are more likely than not to experience a boom in the coming years. A new report from PwC and the Urban Land Institute identified the five markets to watch for 2025 and beyond based on factors that include population growth, affordability, economic growth and returns on real estate investments.
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Here’s a look at the five markets the report says to keep an eye on for the coming year and beyond.
Also see markets that are cooling off heading into 2025.
Dallas
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Population growth (2020 to 2023): 6.1%
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Annualized 5-year returns: 7.9%
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Annualized 10-year returns: 8.8%
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Employment growth (2020 to present): 11.2%
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Number of Fortune 500 companies: 23
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Median home price: $382,000
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Miami
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Expected population growth (2024 to 2029): 0.5-1% per year
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Annualized 5-year returns: 7%
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Annualized 10-year returns: 8.3%
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Median home price increase (2020 to present): 80%
Also See: 10 Housing Markets Buyers Are Flocking To as Rates Drop
Houston
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Expected population growth (2024 to 2034): 1.4% per year
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Annualized 5-year returns: 1.3%
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Annualized 10-year returns: 3.6%
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Number of Fortune 500 companies: 26
Tampa-St. Petersburg, Florida
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Population growth (2013 to 2023): 1.5% per year
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Annualized 5-year returns: 6.8%
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Annualized 10-year returns: 8.6%
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Median home price increase (2020 to 2024): 66%
Nashville, Tennessee
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Annualized 5-year returns: 7.5%
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Annualized 10-year returns: 9.4%
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Median home price: ~$500,000
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This article originally appeared on GOBankingRates.com: 5 Real Estate Markets To Watch in 2025 and Beyond — 2 Are in Florida