Ten states’ home prices to boom in 2025.

• West Virginia: Affordability (average home price $166,000), low price-to-income ratio, abundant land, reverse migration from southern states, and low inventory contribute to a projected 4-6% price increase in 2025.
• New York: Defying recessionary trends, with a 6.8% rise in 2024 and a projected 5-6% increase in 2025. Fueled by in-migration to upstate areas, tight housing supply, and strong demand, particularly in secondary cities. Low inventory is a key driver.
• Massachusetts: Low inventory (especially in Boston), high median household income ($94,000+), and strong demand (driven by lifestyle and economic factors) contribute to a projected 5-6% price increase in 2025. Smaller cities are also seeing growth.
• Vermont: High percentage of absentee-owned homes (shadow inventory) keeps supply low, pushing prices up (projected 6-7% increase). Attractive lifestyle and limited new construction contribute to this growth.
• Wisconsin: Steady and reliable price increases (5.5% in 2024, projected 6-7% in 2025). Fueled by population growth, tight inventory, and rising demand in cities like Milwaukee and Green Bay. Affordability relative to national averages is a significant factor.
• New Hampshire: No state income or sales tax, high appreciation (68% since the pandemic, projected 6-8% in 2025), lifestyle appeal, and extremely low inventory are driving the market. Property taxes are higher, but many consider the trade-off worthwhile.
• North Carolina: Strong job growth, population surge, affordability, and lifestyle appeal (projected 6-9% increase). High migration rates, booming job markets, and low inventory are key contributors.
• Illinois: Significant inventory deficit (38.9%), affordability (especially in Chicago), economic diversity, and rising rental demand are driving a projected 6-7% price increase in 2025.
• Connecticut: Incredibly low inventory (56% below historical average), lifestyle appeal (coastal charm, small towns, city access), and strong employment are contributing to a projected 7-8% appreciation in 2025.
• New Jersey: Extremely tight inventory (nearly 70% below 5-year-ago levels), proximity to New York City and Philadelphia, strong schools, and desirable suburban lifestyle lead to a projected 7-9% price increase in 2025. Limited new construction further constrains supply.