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News Corporation | NASDAQ:NWSA | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 23.80 | 22.48 | 24.28 | 0 | 12:31:06 |
SAN JOSE, Calif., Aug. 13, 2015 /PRNewswire/ -- Move over Beverly Hills, 90210. The ZIP codes 02176 (Melrose, Mass.), 43085 (Worthington, Ohio) and 58103 (Fargo, N.D.) have pushed past one of the nation's most recognizable postal codes and 32,000 others across the U.S. to top realtor.com®'s list of 10 Hottest ZIP Codes* for 2015.
ZIP codes making the list, announced today by realtor.com®, a leader in online real estate services operated by News Corp [NASDAQ: NWS], [NASDAQ: NWSA]; [ASX: NWS], [ASX: NWSLV] subsidiary Move, Inc., are distinguished by healthy housing dynamics, strong local employment and neighborhood "it factors." Realtor.com®'s hotness ranking is determined by the time it takes properties to sell and how frequently homes are viewed in each ZIP code.
Top 10 Hottest ZIP Codes Midyear 2015 (by rank)* | ||
Rank |
ZIP Code |
Name |
1 |
02176 |
Melrose, Mass. |
2 |
43085 |
Columbus, Ohio (Worthington) |
3 |
80122 |
Littleton, Colo. (Centennial) |
4 |
75023 |
Plano, Texas |
5 |
48375 |
Novi, Mich. |
6 |
78247 |
San Antonio |
7 |
63126 |
St. Louis (Crestwood) |
8 |
78729 |
Austin, Texas |
9 |
58103 |
Fargo, N.D. |
10 |
92010 |
Carlsbad, Calif. |
"Each locale on this list is emblematic of the key trends driving housing this year – healthy local economics, job opportunities and affordability," said Jonathan Smoke, chief economist for realtor.com®. "For first-time home buyers, these communities provide great opportunities to enter the housing market, build a career, and raise a family; older generations are able to build wealth and enjoy a variety of lifestyles."
High Demand, Fast-Moving Supply
In each top-ranked ZIP code, supply and demand are about five times stronger than the rest of the country. Homes in these communities sell four to nine times faster than the national average, with days on market 45 percent, or 20 days, lower than their respective metropolitan statistical areas. Centennial, Colo., has the nation's lowest median age of inventory, with homes selling in approximately two weeks. Listings in each area are viewed three to eight times more often than overall U.S. listings, and an average of 2.3 times more often than their respective metros.
More Money, More Jobs
Income and employment are also contributing to the strong housing markets in these ZIP codes. Median household income among the Top 10 is $71,000, 20 percent higher than their surrounding metropolitan statistical areas and 32 percent higher than the national average of $54,000. Moreover, the share of households earning $100,000 or more is 32 percent, 22 percent higher than their respective markets and one-third higher than the national average of 23 percent.
Unemployment rates in these metros have dropped five times faster than other metros in the country in just the last year. Detroit and St. Louis are the only metros experiencing unemployment rates above 5 percent. ZIP codes on this list have an average of 22 percent lower unemployment than their surrounding metro areas.
Strong Markets for Millennials
Each of the neighborhoods on this list provides favorable conditions for millennials considering a home purchase. The median income of people ages 25-34 years old in these ZIP codes is 26 percent higher than their respective metros, and 50 percent higher than the national average. In half of these areas, millennials earn 35 percent more than other age groups in the same ZIP code. Novi, Mich., the St. Louis suburb of Crestwood, Mo., and Columbus suburb, Worthington, Ohio, rank high in affordability with the median household able to afford 60-70 percent of the inventory on the market.
"Choosing a neighborhood to call home is not just a product of economic factors; it's an intensely personal decision," stated Smoke. "Non-economic 'it factors' such as strong school systems, short commutes and access to public transportation, as well as close proximity to shopping and restaurants also play an integral role in each market's popularity."
Market Highlights – Top 10 Hottest ZIP Codes
Top 50 Hottest ZIP Codes Midyear 2015 (by rank)* | ||||||
Rank |
ZIP Code |
Name |
Rank |
ZIP Code |
Name | |
1 |
02176 |
Melrose, Mass. |
26 |
50010 |
Ames, Idaho | |
2 |
43085 |
Columbus, Ohio |
27 |
20151 |
Chantilly, Va. | |
3 |
80122 |
Littleton, Colo. |
28 |
28273 |
Charlotte, N.C. | |
4 |
75023 |
Plano, Texas |
29 |
97214 |
Portland, Ore. | |
5 |
48375 |
Novi, Mich. |
30 |
67212 |
Wichita, Kan. | |
6 |
78247 |
San Antonio, Texas |
31 |
94503 |
American Canyon, Calif. | |
7 |
63126 |
Saint Louis, Mo. |
32 |
97078 |
Beaverton, Ore. | |
8 |
78729 |
Austin, Texas |
33 |
62629 |
Chatham, Ill. | |
9 |
58103 |
Fargo, N.D. |
34 |
48103 |
Ann Arbor, Mich. | |
10 |
92010 |
Carlsbad, Calif. |
35 |
95687 |
Vacaville, Calif. | |
11 |
94115 |
San Francisco, Calif. |
36 |
80501 |
Longmont, Colo. | |
12 |
07028 |
Glen Ridge, N.J. |
37 |
95661 |
Roseville, Calif. | |
13 |
37210 |
Nashville, Tenn. |
38 |
03110 |
Bedford, N.H. | |
14 |
14625 |
Rochester, N.Y. |
39 |
68701 |
Norfolk, Neb. | |
15 |
66214 |
Overland Park, Kan. |
40 |
98112 |
Seattle, Wash. | |
16 |
91354 |
Valencia, Calif. |
41 |
30269 |
Peachtree City, Ga. | |
17 |
94954 |
Petaluma, Calif. |
42 |
23233 |
Henrico, Va. | |
18 |
59102 |
Billings, Mont. |
43 |
06092 |
West Simsbury, Conn. | |
19 |
95008 |
Campbell, Calif. |
44 |
49534 |
Grand Rapids, Mich. | |
20 |
80603 |
Brighton, Colo. |
45 |
21042 |
Ellicott City, Md. | |
21 |
02048 |
Mansfield, Mass. |
46 |
68144 |
Omaha, Neb. | |
22 |
27560 |
Morrisville, N.C. |
47 |
46804 |
Fort Wayne, Ind. | |
23 |
14221 |
Buffalo, N.Y. |
48 |
01772 |
Southborough, Mass. | |
24 |
93433 |
Grover Beach, Calif. |
49 |
93004 |
Ventura, Calif. | |
25 |
40205 |
Louisville, Ky. |
50 |
32792 |
Winter Park, Fla. |
*Methodology: Ranking for this list is based on realtor.com®'s Combined Hotness Index for the Jan. – June 2015 time period. The index scores all ZIP codes with 14+ active listings and ranks them on the basis of realtor.com® listing views (to assess demand) and median age of inventory (to assess supply). Each of these metrics is equally weighted and averaged out over the six-month period. This report utilizes data from realtor.com® listings database, where 90 percent of its for-sale listings are updated every 15 minutes from more than 800 multiple listing services (MLS).
Supporting Resources
About Move, Inc. and realtor.com®
Move, Inc., a subsidiary of News Corp, is a leading provider of online real estate services. Move operates the realtor.com® website and mobile experiences, which connect people to the most important and accurate information they need to find their perfect home and to the REALTORS® whose expertise guides consumers through buying and selling. As the official website of the National Association of REALTORS®, realtor.com® empowers consumers to make smart home-buying, selling and renting decisions by leveraging its direct, real-time connections with more than 800 multiple listing services (MLS) via all types of computers, tablets and smartphones. In addition to the industry's most comprehensive and accurate information, Move's network of websites provides consumers a wealth of innovative tools, including Doorsteps®, Moving.com™, SeniorHousingNetSM and others. Move supports real estate agents and brokerages by providing many services to grow their businesses, including ListHub™, the nation's leading listing syndicator and centralized intelligence platform for the real estate industry; TigerLead®; Top Producer® Systems; and FiveStreetSM; as well as many free services. Move is based in the heart of Silicon Valley – in San Jose, Calif.
Forward-Looking Statements
This document contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ materially from these expectations due to changes in global economic, business, competitive market and regulatory and other factors. More detailed information about these and other factors that could affect future results is contained in News Corp's filings with the Securities and Exchange Commission. The "forward-looking statements" included in this document are made only as of the date of this document and we do not have any obligation to publicly update any "forward-looking statements" to reflect subsequent events or circumstances, except as required by law.
Contact:
Move, Inc. – Lexie Puckett, (805) 557-3151, Lexie.Puckett@move.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/10-zip-codes-rise-above-32000-to-create-realtorcoms-2015-list-of-hottest-us-housing-locales-300128019.html
SOURCE realtor.com
Copyright 2015 PR Newswire
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