10 Housing Markets Fueled by Job Growth
Job growth is propelling home appreciation in several housing markets across the country. Nearly 3 million jobs have been created in the past 12 months, notably among the 25 to 34 age group too.
Read more: Here’s Where Hiring is on the Rise
“With more jobs, more people in the labor force, and higher wages materializing, this spring’s strong pace for home sales will continue,” writes Jonathan Smoke, chief economist of realtor.com, in recent commentary.
Realtor.com® singles out the following 10 markets as seeing some of the highest job creation in the past three years as well as above-average price appreciation.
- Atlanta–Sandy Springs–Roswell, Ga.
Employment growth, 2011–2014: 1.7%
Median home price growth, 2011–2014: 20.3%
- Austin–Round Rock, Texas
Employment growth, 2011–2014: 3.7%
Median home price growth, 2011–2014: 8.5%
- Charlotte–Concord–Gastonia, N.C.–S.C.
Employment growth, 2011–2014: 2.7%
Median home price growth, 2011–2014: 8.4%
- Dallas–Fort Worth–Arlington, Texas
Employment growth, 2011–2014: 2.9%
Median home price growth, 2011–2014: 8.2%
- Denver–Aurora–Lakewood, Colo.
Employment growth, 2011–2014: 2.9%
Median home price growth, 2011–2014: 10.8%
- Grand Rapids–Wyoming, Mich.
Employment growth, 2011–2014: 4%
Median home price growth, 2011–2014: 9.8%
- Orlando–Kissimmee–Sanford, Fla.
Employment growth, 2011–2014: 3.6%
Median home price growth, 2011–2014: 12.5%
- Salt Lake City, Utah
Employment growth, 2011–2014: 2.8%
Median home price growth, 2011–2014: 10.3%
- San Francisco–Oakland–Hayward, Calif.
Employment growth, 2011–2014: 3.2%
Median home price growth, 2011–2014: 16.8%
- San Jose–Sunnyvale–Santa Clara, Calif.
Employment growth, 2011–2014: 4.1%
Median home price growth, 2011–2014: 15.6%
Source: “The Top 10 Markets Powered by Serious Job-Creation Mojo,” realtor.com® (June 5, 2015)
