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Poised for Growth, These Are The Dozen Mid-Sized Metros to Watch

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SEATTLE, Sept. 15, 2020 /PRNewswire/ — This year has been anything but normal and, like 2020 as a whole, this summer’s most in-demand housing markets are not the usual suspects.

A new Zillow® analysis shows mid-sized1 cities like Boise, Syracuse, and Portland (ME) are now leading the country as the top markets poised for growth, replacing expensive coastal metros such as San Francisco and Seattle that have led the way in the past. Many of these markets also happen to offer home shoppers more space for their money, as the coronavirus pandemic has reshaped where and how people want to live.

The analysis weighs a variety of factors to show demand in the market, and continued opportunity for growth. Those include recent and forecasted home value growth, the share of homes sold above list price, and how quickly homes sell.

Home shopper behavior continues to evolve throughout the pandemic, but many are reconsidering their home’s functionality or dreaming of more space — factors which might drive their next move. A recent Zillow survey2 found nearly one-third of Americans who could occasionally work remotely said they would consider moving in order to live in a larger home (30%), have a home with more rooms (29%), and have a home with a dedicated office space (31%).

As remote work opens up more opportunities for home ownership, many first-time buyers may seek out a starter home in a more affordable area. These are the top dozen mid-sized metros that offer more space for growing families and big-city amenities for urbanites.

1.  Boise, Idaho

Population: 616,5613; typical home value: $334,965

Boise, Idaho, is an up-and-coming city drawing young professionals, families, and retirees alike. Home values are strong and continue to rise, increasing 11.8% from last year, and are expected to grow 5.6% into next year. Buyers are snatching up houses in record time here, with the typical home going under contract in as little as five days.

“Boise offers that small-town feel people crave from the movies, and has something for everyone,” says Michael Edgar, owner of Michael Ryan Real Estate, who relocated to Boise in 2003 from California. “There’s an abundance of outdoor activities right outside your doorstep, plenty of restaurants to choose from, and not a lack of career opportunities. Its affordability makes it a great place to raise kids, retire, or work remotely.”

Boise, which was an under-the-radar hot market last year, offers both a bustling downtown, with quiet neighborhoods and access to outdoor recreation.

2.  Huntsville, Ala.

Population: 417,593; typical home value: $203,242

Huntsville, known as Rocket City, is home to the U.S. Space and Rocket Center. Home values have also skyrocketed, increasing 11.5% compared to last year, and home values are forecasted to increase 5% over the next year.

3.  Ogden, Utah

Population: 597,159; typical home value: $344,816

Ogden offers the benefits of urban life with easy access to the outdoors. The demand in this market is strong, with 41.5% of homes selling above list price — helping sellers who want to trade up and signaling there are buyers eager to settle in Ogden. Zillow is forecasting home values in Ogden will increase 4.6% in the next year, showing the demand for this market is here to stay.

4.  Spokane, Wash.

Population: 527,753; typical home value: $293,655

Spokane has seen accelerating home value growth, increasing 9.5% from a year prior. The Spokane market is hot for sellers, with 45.1% of homes selling above list price.  Competition for homes here may be attributed, in part, to the metro’s vibrant downtown, trail system and growing microbrewery and winery scene.

5.  York, Pa.

Population: 434,972; typical home value: $195,837

York is the oldest city on this list, dating back to 1777 as the first U.S. capital. Today, York has a suburban feel mixed with its history, and sales of these architecturally unique homes do not appear to be slowing down anytime soon. Home sales increased a whopping 75.7% from the previous month, and are 17.7% above last year’s levels.

6.  Colorado Springs, Colo.

Population: 645,613; typical home value: $336,927

Colorado Springs’ hot housing market bumps it up the list, with home values sharply increasing and poised to continue strong growth. Home values have seen a 9.5% increase from last year, and are forecasted to grow 4.8% over the next year. Home sales are up 17.8% above last year’s levels.

“If you love the outdoors and you love biking, hiking, camping and all the things that come with the Colorado lifestyle, you’ll love the Springs,” said Jacob Mueller, a Colorado Springs native and a Zillow Premier Agent with Atlas Real Estate. “You can get into the mountains really easily and that’s very attractive.  The city is also experiencing tremendous economic growth, so people can grow their careers here without having to leave for a bigger city.”

7.  Lancaster, Pa.

Population: 519,445; typical home value: $242,009

Homes are flying off the market in the growing city of Lancaster, and home sales continue to boom. Sales are up 78.6% from last month, with homes typically going under contract in 7 days. With its proximity to city hubs and great walkability, Lancaster offers wide open spaces, with proximity to plenty of bars and restaurants.

8.  Modesto, Calif.

Population: 514,453; typical home value: $340,762

Homes in Modesto are in high demand, with 39.1% selling above the list price — indicating buyers are competing to put down roots in this agricultural hub. Homes are only on the market for 7 days before going under contract, and home values here are forecasted to increase 4% over the next year.

9.  Syracuse, N.Y.

Population: 662,577; typical home value: $154,596

Syracuse is the market to watch in upstate New York. Home values here continue to appreciate, and are 6.8% above last year’s levels, and projected to increase 4% by this time next year.

“Syracuse offers a great quality of life at a reasonable cost,” said R.J. Long, managing partner at Coldwell Banker Prime Properties in New York state. “It’s got gorgeous hills and terrain, and proximity to the water with the Great Lakes and the Finger Lakes nearby.  It offers beautiful homes, good jobs and it’s accessible from anywhere in the state.”

10.   Visalia, Calif.

Population: 442,179; typical home value: $232,800

Visalia is a vibrant community with a small-town feel and a gateway to the outdoors. Home values continue to climb here, up 7.5% since last year. Home value growth is forecasted to continue into next year, expected to rise another 4.3%. Additionally, more than one out of every three of homes on the market sell above list price, indicating buyers are ready to settle down in this community.

11.   Portland, Maine

Population: 514,098; typical home value: $334,650

“For those looking for an arts and foodie-driven lifestyle on the ocean, Portland can’t be beat,” says Nate Wildes, Executive Director of the nonprofit Live and Work in Maine. “Portland offers the Maine quality of life, matched with a uniquely quaint urban experience and genuine sense of place. The communities of greater-Portland are a thriving destination.”

Home values in this seaport metro continue to grow, up 7.5% from last year and are expected to see 3.9% growth into next year. There are very eager buyers ready to make Portland home, with nearly 40% of homes selling above list price.

12.   Lansing, Mich.

Population: 464,036; typical home value: $170,011

Rounding out the list is Michigan’s capital, Lansing, where buyers are active and ready to secure their next home. Monthly sales are increasing at a rapid pace, up about 68% from the previous month, and 40% of homes are selling above the listed price.

Methodology

“Mid-Sized Markets” are metropolitan areas ranked by size between 76-125 of all U.S metros. The analysis of these metros weighted five variables equally to determine the list:

  • Home value growth year-over-year
  • Forecasted home value growth
  • Days a home stays on the market
  • Share of homes sold above list price
  • Month-over-month sale counts

About Zillow

Zillow, the most-visited real estate website in the U.S., is building an on-demand real estate experience. Whether selling, buying, renting or financing, customers can turn to Zillow’s businesses to find and get into their next home with speed, certainty and ease.

In addition to for-sale and rental listings, Zillow Offers buys and sells homes directly in dozens of markets across the country, allowing sellers control over their timeline. Zillow Home Loans, our affiliate lender, provides our customers with an easy option to get pre-approved and secure financing for their next home purchase.

Millions of people visit Zillow Group sites every month to start their home search, and now they can rely on Zillow to help them finish it — with the same confidence, ease and empowerment they’ve come to expect from real estate’s most trusted brand.

Zillow is owned and operated by Zillow Group, Inc. (NASDAQ:Z and ZG).

1 Mid-size cities are ranked by size between 75-125 of all U.S metros

2 This survey was conducted online within the United States by The Harris Poll on behalf of Zillow from May 4-6, 2020among 2,065 U.S. adults ages 18 and older. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact press@zillow.com.

3 Population data are the most recent numbers from the 2010 Census

SOURCE Zillow

Atlas Colorado Springs Real Estate 427 North Weber Street

Atlas Real Estate Continues Growth Momentum With New Colorado Springs Office

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FOR IMMEDIATE RELEASE

Binh Nguyen
Flackable
866-225-0920 ext. 106
binh@flackable.com

DENVER, Dec. 19, 2019 /PRNewswire/ — Atlas Real Estate, a full-service real estate company specializing in investment brokerage, property management and institutional acquisition, today announces the opening of a new office in Colorado Springs to accommodate growth.

Atlas Real Estate will kick off the new year in a newly acquired office at 427 North Weber Street, a central location in downtown Colorado Springs and only one-hour from Atlas’ Denver home office. The Atlas team is thrilled to have a great new building with space to conduct real estate investment education.

“The momentum we’re experiencing would not be possible without our leadership team’s bold, forward thinking and the entire team’s dedication and expertise,” said Tony Julianelle, CEO. “As a result, Atlas is going to have a greater market presence in a community we already serve, and the acquisition of a new office for our growing Colorado Springs team will enhance collaboration.”

Atlas Real Estate has offices in two additional locations: Denver, Colorado and Phoenix, Arizona. All three locations provide a space for free, educational real estate investment sessions taught by the Atlas Investment Brokerage team and open to the public. As ‘owners at heart,’ they are passionate about helping community members pave a personal path toward financial independence by sharing their deep, decades-long experience—empowering others with knowledge to build long-term wealth.

“I am humbled to be working with such an inspiring, hard-working team in a community bursting with potential,” says Rebecca Slaughter, Regional Manager. “The ongoing growth of Atlas Real Estate in the Colorado Springs area motivates all of us to strive for success and contribute to building this community we love.”

Since its founding, Atlas Real Estate has been committed to creating a vibrant, connected and equitable community, one that is ‘good for me, good for you, good for everything.’ The spirit of giving is evident in Colorado Springs where the team recently provided complete Thanksgiving meals for 30 local residents in need. This month, their mission is to bring joy to Atlas’ ‘little’ residents through a holiday toy drive.

For media inquiries, please contact Binh Nguyen at binh@flackable.com.

See the release on PR Newswire

You can also see the release on:

 

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Atlas Holiday Toy Drive 2019

Colorado Springs Office Holds Holiday Toy Drive

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Help the Atlas Colorado Springs team continue their season of giving by donating new toys for their holiday toy drive. Toys for boys and girls from ages 1 through 9 years old will be collected at our Springs location at 422 E. Vermijo, Monday through Friday between 8:30am and 4:30pm until December 19th.  

The toy drive comes on the heels of their successful Thanksgiving Meal Drive, which resulted in a surplus of donations. As a result the team will transfer any remaining funds to the toy drive to help Atlas resident families have a happy holiday season. Families will be able to pick up the toys on December 20th.

Can’t drop off items? Monetary donations can be made via Paypal. *Please note, any monetary donation is non-refundable and not tax-deductible as Atlas is not a non-profit organization. Every dollar donated in response to the drive goes directly to purchase food items for the Thanksgiving kits.

If you have any questions, please contact Rebecca directly at rebecca.slaughter@realatlas.com.

 

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Drop off Donations

Please drop off all toys at:

422 East Vermijo Ave, Ste. 11
Colorado Springs, CO 80903

Monday – Friday 8:30am – 4:30pm

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In need this holiday?

We recognize that not everyone is in a position to give this season. If you are an Atlas resident in need of a toy for your child(ren), please reach out to us below to be put on the list. In the message field please indicate your child’s age and gender.

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2019 Colorado Springs Thanksgiving Food Drive

Colorado Springs Office Food Drive Feeds 30 Families in Need

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Atlas’ Colorado Springs office annual Thanksgiving Meal drive was once again a success. Thanks to monetary and in-kind donations from the community, Atlas team members and leadership, over $1300 was raised to provide meals for 30 residents in need. While the goal for this year’s fundraiser was to help 40 families, only 30 reached out to receive boxes. As a result, the drive has an overage and will roll it into a holiday toy drive next month! Thank you to everyone who worked tirelessly to ensure these 30 families were able to enjoy Thanksgiving to the fullest, especially Rebecca, Maria, Angie, Jacob and Joe in our Colorado Springs office for spearheading the initiative, shopping, packing and delivering each box! 

Stay tuned for more information about our December #AtlasGivesBack initiative!

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Atlas Colorado Springs Property Management Thanksgiving Fundraiser

Colorado Springs Office Holds Annual Thanksgiving Meal Drive

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Help the Atlas Colorado Springs team give back to residents in need by donating food items for Thanksgiving meal kits. The kits will be distributed to families in need this holiday season. The Colorado Springs team will be accepting donations until Monday, November 25th. They will then assemble the kits and deliver in time for Thanksgiving. The goal this year is to serve 40 families in need.

We welcome donations of:

Canned/non perishable items:

  • Green Beans
  • Mushroom soup
  • Yams
  • Cranberry sauce
  • Gravy packets
  • Onion strings
  • Stuffing

Fresh foods:

  • Frozen turkeys
  • Marshmallows
  • Butter
  • Pies
  • Rolls/biscuits

Can’t drop off items? Monetary donations can be made via Paypal. *Please note, any monetary donation is non-refundable and not tax-deductible as Atlas is not a non-profit organization. Every dollar donated in response to the drive goes directly to purchase food items for the Thanksgiving kits.

If you have any questions, please contact Rebecca directly at rebecca.slaughter@realatlas.com.

 

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Drop off Donations

Please drop off all food items at:

422 East Vermijo Ave, Ste. 11
Colorado Springs, CO 80903

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In need this holiday?

We recognize that not everyone is in a position to give this season. If you are an Atlas resident in need of a meal this Thanksgiving, please reach out to us below to be put on the list for a holiday kit.

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Atlas Colorado Springs Property Management Thanksgiving Fundraiser

Colorado Springs Office Provided Thanksgiving Meals for Residents in Need

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November 26, 2018
Rebecca Slaughter
 
Thank you to everyone who participated in our Colorado Springs office Thanksgiving feast food drive, it was a huge success! Through both food and monetary donations we were able to provide a full Thanksgiving meal box to 36 of our residents in need. We are proud to have surpassed our starting goal of 25.  Each box contained a turkey, potatoes, yams, rolls, green beans, soup, fried onion, stuffing, cranberries and pie.  
 
A special thank you to Crystal Piercy and her team at Colorado Group for their generous donations and for helping us get the word out.  

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Atlas Colorado Springs Thanksgiving Food Drive

Colorado Springs Office Holding Thanksgiving Meal Drive

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Help our Colorado Springs office give back this Thanksgiving by donating a meal.

Rebecca Slaughter and the rest of the Atlas crew in Colorado Springs are accepting donations at the office until November 20th. They will use the donated items to create meal kits to distribute to those in need this holiday. We welcome donations of:

Canned/non perishable items:

  • Green Beans
  • Mushroom soup
  • Yams
  • Cranberry sauce
  • Gravy packets
  • Onion strings
  • Stuffing

Fresh foods:

  • Frozen turkeys
  • Marshmallows
  • Butter
  • Pies
  • Rolls/biscuits

If you have any questions, please contact Rebecca directly at rebecca.slaughter@realatlas.com.

 

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Drop off Donations

Please drop off all food items at:

422 East Vermijo Ave, Ste. 11
Colorado Springs, CO 80903

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In need this holiday?

We recognize that not everyone is in a position to give this season. If you are in need of a meal this Thanksgiving, please reach out to us below to be put on the list for holiday meals.

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