Last week, Seattle company Zillow published its predictions for the 10 hottest US real estate markets of 2017. Zillow analysts looked for fast rising home values, low unemployment rates and strong income growth.
Zillow anticipates Seattle will outperform the average national home growth in 2017, which is expected to be around 3 percent. Seattle has recorded double-digit home price growth as well as some of the fastest rent growth in the United States.
|Ranking||Metropolitan Area||Forecasted Home Value Appreciation||Income Growth||Unemployment Rate|
|5||Salt Lake City||4.30%||1.00%||2.80%|
Although most of the areas on the list are in the west, Nashville, Tennessee, topped the list and is predicted to be the hottest housing market of the year.
According Zillow, “housing experts predict that Portland, Seattle and Denver will continue to outperform the average national home value growth in 2017.”
Zillow’s predictions for the fastest appreciating Seattle neighborhoods in 2017:
#1 South Delridge – West Seattle – 7.7% forecasted home value growth
#2 Jackson Place – Seattle – 7.3% forecasted home value growth
#3 Northwest Bellevue – 7.1% forecasted home value growth
#4 Rainier Beach – Seattle – 7.072% forecasted home value growth
#5 Brighton – Seattle – 7.071% forecasted home value growth
Overall, it looks like 2017 is going to be another great year for the Seattle real estate market.