Introduction
As the real estate market continues to evolve, startling predictions have emerged regarding cities where home prices are expected to soar to $1 million by 2033.
Realtor.com’s recent analysis highlights remarkable hikes in various urban areas, some of which may come as a shock.
Stunning Price Increases
According to predictions, Boise, ID, is set to experience an extraordinary price jump.
With current home prices averaging around $464,000, experts forecast an astonishing increase to $1.16 million—a staggering 150% growth!
This trend is attributed to the city’s unique blend of urban amenities and natural beauty, making it a desirable location for new residents.
Additional Surge Cities
Other cities projected for significant growth include Salt Lake City, UT, where home prices may rise from $493,000 to $1.06 million, rivaling even those of San Francisco.
Similarly, Stockton, CA, currently priced at $579,000, is predicted to surge to $1.44 million due to its appealing Bay Area location.
Colorado Springs, CO, is also on the list, with prices expected to double from $454,000 to $1.02 million, spurred by its enticing mountain lifestyle.
Another noteworthy city is Portland, OR, which averages current home prices of $501,000 but is projected to soar to $1.05 million amidst its flourishing urban lifestyle.
These predictions underscore the influence of limited inventory and high demand, driving this unprecedented price growth across these cities.