Zillow's updated home price forecast projects 8% annual appreciation through 2027 in 10 high-growth metro areas, driven by job growth, migration patterns, and persistent housing undersupply.

Top 10 Markets

Raleigh, Nashville, Austin, Boise, Charlotte, Tampa, Phoenix, Denver, Salt Lake City, and Jacksonville lead Zillow's appreciation projections. All share common traits: strong job markets, population growth, and limited new construction relative to demand.

Buyer Strategy

Real estate advisors suggest buying now in these markets despite higher rates, as waiting could mean paying 15-20% more within two years.