Major US metros have shot up the list of hot, high-end housing markets.

Large US Metros Resurfacing in Luxury Rankings

In the third iteration of quarterly rankings by the Wall StreetJournal/ Emerging Housing Markets Index, large metro areas are regaining their stature as highly valued and popular luxury destinations.

Danielle Hale, chief economist with, told MansionGlobal that, “We’re starting to see some improvements…in areas that, in many ways, are larger city areas.”

Two large metro areas made their upward moves into the top echelon of luxury rankings: Nashville moved into 2nd place from 5th place in the last edition of the ranking, released in July, and Naples FL assumed the 5th ranking from 17th in Q2.

READ: 2022 Top Agent Success Secrets [Revealed]: New FREE Real Estate Coaching Web Event, Revealing 17 Surprising Secrets Of The Top 100 $ Millionaire Agents. Get Your FREE Spot For The 2022 Real Estate Coaching Webinar Now. After You Have Attended This Event You Will Have A Huge Feeling Of Relief Knowing You Will FINALLY Laugh At Your Money Worries – You Will Have Your Own Personalized 2022 Step-By-Step Business Plan. Learn Now How To Generate 100’s of Motivated Leads for FREE, Without Coming Off As A Pushy Salesperson and Losing Your Soul. You Will Soon Know How To Become One of the 1000s of Agents Making HUGE Money Who Never Thought They Could. YES, I Want To Attend The FREE Webinar! <——Click To Register

P.S. Free Webinar, Limited Space. Less Than 300 Spots Still Available.

San Francisco recorded the largest jump from 39th to 24th in this latest luxury rankings list.  Patrick Carlisle, chief market analyst with Compass, said, “All our market segments have gone crazy, but the luxury segment (in San Francisco) has probably gone the craziest.”

Dallas took 13th place in Q3, climbing up 12 spots from 25th in Q2.

Emerging Luxury Housing Markets, according to WallStreetJournal/

 Area                Q3 Rank             Q2 Rank             Rank Change

Santa Barbara        1                         1                         0

Nashville                2                         3                         1

Coeur d’Alene ID     3                         2                        -1

Salinas CA              4                         8                         4

Naples FL               5                         17                       12

Reno NV                 6                         3                         -3

Austin                     7                         7                         0

Sarasota FL             8                         12                       4

Provo-Orem UT        9                         21                      12

Salt Lake City          10                       10                       0

Hale said that large metros “fell out of favor” during the early part of the pandemic but “…now we’re seeing people getting more comfortable returning.”

Indicators Used to Determine Rankings and TheWallStreetJournal used many indicators to help determine the rankings for its Emerging Housing Market Index.  Among these indicators were:

  • Growth in supply and demand
  • Median listing prices
  • Unemployment
  • Wages
  • Cost of living measure
  • Small businesses – numbers and types
  • Amenities
  • Share of foreign-born residents
  • Quality of life metrics

Top-20 Emerging Housing Markets

The fall 2021 rankings of the top 20 emerging markets for both homeowners and investors alike from the 300 largest metro areas in the US include the following:

  1. Elkhart-Goshen IN
  2. Rapid City SD
  3. Topeka KS
  4. Raleigh NC
  5. Jefferson City MO
  6. Burlington NC
  7. Coeur d’Alene ID
  8. Eureka-Arcata-Fortuna CA
  9. Johnson City TN
  10. Huntsville AL
  11. Colorado Springs CO
  12. Fort Wayne IN
  13. Manchester-Nashua NH
  14. Kennewick-Richland WA
  15. Decatur AL
  16. Billings MY
  17. North Point-Sarasota-Bradenton FL
  18. Waco TX
  19. Durham-Chapel Hill NC
  20. Boulder CO

Thanks to WallStreetJournal/ and MansionGlobal.






Claim Your FREE Real Estate Treasure Map!