Millennials are a key factor turning up the heat in America’s hottest housing markets, according to a Realtor.com report on the 50 Hottest ZIP Codes in the United States – which included one Louisville neighborhood. This fueled a few dozen housing markets to rise above 32,000 others on a list topped by Watauga, Texas and Pleasant Hill, California.
The 40242 ZIP code on the east side of Louisville, bound by the Gene Snyder, the Watterson, and I-71 did not quite crack the top 10 in the nation, but it only just missed the list by coming in at the 11th spot.
“Homes for sale in this year’s hottest ZIP codes are selling almost as quickly as they hit the market,” said Jonathan Smoke, chief economist for realtor.com. “While millennials are usually a significant presence in most markets, their sheer size and buying power have made them a force to be reckoned with in these hot ZIP codes and given them the power to shift supply and demand dynamics.”
Read the full report here.