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Miami, FL - Miami has secured the 15th position in Zillow's annual ranking of the hottest housing markets for 2025, reflecting its growing appeal among homebuyers.
Zillow's analysis identifies the most competitive markets for buyers, highlighting areas with high demand and robust home value growth.
In 2024, Miami was ranked 25th, indicating a significant rise in its desirability.
The latest rankings show a shift in the hottest housing markets moving westward.
In 2024, cities in the Rust Belt topped the rankings, with two Florida cities, Tampa and Orlando, making it into the top 10.
In the 2025 ranking, Miami stands out as an outlier, with both Tampa and Orlando dropping from the top 10.
Another Florida city, Jacksonville, landed in the 40th spot out of 50.
Zillow's top 10 housing markets for 2025 are:
- Buffalo, NY
- Indianapolis, IN
- Providence, RI
- Hartford, CT
- Philadelphia, PA
- St. Louis, MO
- Charlotte, NC
- Kansas City, MO
- Richmond, VA
- Salt Lake City, UT
Buffalo, New York, has been named the hottest housing market for 2025, marking the first time a market has held the title in back-to-back years.
Factors contributing to Buffalo's top ranking include relative affordability and limited housing supply, leading to strong competition among buyers.
Zillow's ranking is based on factors such as forecasted home value growth, recent housing market velocity, projected changes in the labor market, home construction activity, and the number of homeowner households.
Miami's rise in the rankings underscores its increasing attractiveness to homebuyers, despite its reputation for high living costs.