According to the survey, the lakeside community of Coeur d’Alene, Idaho, ranks first on the list of the country’s hottest rising home markets. The Wall Street Journal/Realtor.com Emerging Housing Market Index rates the 300 largest metro regions in the United States based on their affordability and growth potential. The rankings take into consideration which home areas are likely to give a great return on investment—as well as being a pleasant location to live. Following Coeur d’Alene, the top three metro areas in the rating are Austin, Texas, Springfield, Ohio, and Billings, Montana. Spokane, Washington, which is located directly across the state border from Coeur d’Alene, is ranked fifth in the rankings.
One reason is that buyers from Western states are departing congested locations in search of a bargain.
Seattle, Spokane, and Los Angeles were the three most popular metro regions for people looking for Coeur d’Alene real estate. Real estate realtor Kristen Johnson of Century 21 Beutler & Associates in Coeur d’Alene says buyers from such places are looking for a more rural and less expensive location to call home. New residents who have just sold their houses in more costly markets such as Seattle and Los Angeles are frequently able to purchase homes in Coeur d’Alene with cash in hand. Workers who are able to work from home are also opting to relocate, according to Ms. Johnson.
2. The outdoors is a major attraction.
Because of the area’s natural beauty and proximity to outdoor activities like as skiing and water sports, Coeur d’Alene is also a popular destination for second homes and luxury real estate. People who relocate to the city are drawn to the area by Lake Coeur d’Alene and the adjacent mountains. This has contributed to an increase in the number of high-end sales. According to Ms. Williams, 67 properties in the area sold for $1 million or more in the first two months of the year, an increase from the 12 transactions in that price bracket in the first two months of the previous year.
3. The city of Coeur d’Alene has more permissive Covid-19-related limitations than other cities.
According to Lea Williams, an associate broker with Tomlinson Sotheby’s International Realty in Coeur d’Alene, some purchasers have been attracted to the less stringent limitations in place. According to a representative for the school district, students in Coeur d’Alene public schools have been allowed to attend school in person at least part of the time throughout the school year. After five counties in northern Idaho were exempted from a mask requirement by the Panhandle Health District last month, the Coeur d’Alene School Board voted this month to exempt children and staff from the district’s mask requirement.