Full-service real estate brokerage company Redfin has released its list of the 10 hottest neighborhoods in 2022, and the numbers indicate that Florida is the hottest state in the U.S. to reside. Specifically, eight of the top 10 zip codes are in the Sarasota, Florida, area, making it among the most valuable real estate property in the U.S.
“The Sarasota area has changed radically over the past year,” local Redfin real estate agent Eric Auciello said in the study. “Many of the towns surrounding Sarasota are exploding in popularity because so many people are getting priced out of Sarasota proper or moving in from out of state to work remotely and take advantage of the sunshine, low taxes and relative affordability. A lot of the neighborhoods house hunters are flocking to have historically been retirement communities, but are becoming younger with all of the first-time buyers and early retirees moving in.”
One reason Florida is so popular is because more and more Americans are retiring. More than half (50.3%) of U.S adults aged 55 and older retired as of the third quarter, according to Redfin. That up from 48.1% two years ago. Remote working is another chief reason.
“Now that remote work is the norm for many Americans, the most popular neighborhoods are in suburbs with natural beauty and homes that are more affordable than those in major coastal cities like New York and San Francisco,” Redfin Chief Economist Daryl Fairweather said. “Many of the hottest neighborhoods on Redfin’s 2022 list check all three boxes and likely won’t stay much more affordable for long.”
Here are the 10 Hottest Neighborhoods in the U.S. in 2022, via Redwin:
South Sarasota, FL
East Venice, FL
The Meadows, FL
Chatham, Cape Cod, MA
Lake Lure, NC
Downtown Fort Myers, FL
See Redfin’s full list here.