A mix of long-time favorites and hidden gems comprise this year’s list of the top 10 housing markets for 2025, according to the National Association of Realtors (NAR). The list of top metropolitan areas is based on a variety of factors, including the economic, demographic and housing factors predicted to impact local markets this year.

The list was released in alphabetical order and includes Boston; Charlotte, North Carolina; Grand Rapids, Michigan; Greenville, South Carolina; Hartford, Connecticut; Indianapolis, Indiana; Kansas City; Knoxville, Tennessee; Phoenix; and San Antonio.

The NAR identified the housing hot spots by analyzing how each area performs relative to the national level across 10 different economic, demographic and housing factors, including the share of locked-in homeowners, the average mortgage rate, the region’s job growth, the share of millennials renters who can’t afford to buy a home and the net migration-to-population ratio.

“Important factors common among the top performing markets in 2025 include available inventory at affordable price points, a better chance of unlocking low mortgage rates, higher income growth for young adults and net migration into specific metro areas,” said Lawrence Yun, NAR chief economist and senior vice president of research.

For the overall housing market, NAR predicts the Federal Reserve to continue easing monetary policy and that mortgage rates will stabilize near 6% this year. They also expect more buyers will come back to the market, and for existing home sales to reach 4.5 million. Home prices will rise, but only by about 2% for the year, reaching a median existing home price of $410,700.

“Homebuyers will have more success next year,” said Yun. “The worst of the affordability challenges are over as more inventory, stable mortgage rates and continued job and income growth pave the way for more Americans to achieve homeownership.”