Home Prices in These 34 Southern Cities Are Projected To Spike Most in 2025
Homeowners in many southern U.S. cities are looking at another tick upward in value over the next year, despite increased inventory.
The pandemic drove many homebuyers southward in search of affordability. With many homes in states like North Carolina, Florida and Georgia still relatively affordable compared to other states and previously shaky inventories gaining their footing, the trend is continuing.
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Realtor.com’s Housing Market Trends Report for March noted that active home listings in the southern U.S. were up nearly 36% compared to March 2023. Nevertheless, homes remained relatively scarce and prices high compared to previous years.
GOBankingRates has compiled a list of southern cities where home values are expected to grow at least 3% by February 2025, based on data from Zillow. We then compiled a reverse countdown of the 34 cities that made the list, from the 3 percenters to the highest predicted spikes.
Our review includes homes within the largest housing markets in 15 states: Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia and West Virginia. Washington D.C. was also included.
As for trends in the list, sizzling-hot North Carolina leads the way with 11 entries. Texas and Florida, each with six, are tied for a distant second. Keep reading to find the projected price spikes of these 34 southern cities in 2025.
34. Danville, Virginia
Average home value in February 2024: $145,987
Projected value growth over next year: 3%
Projected average home value in February 2025: $150,367
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33. Albany, Georgia
Average home value in February 2024: $148,837
Projected value growth over next year: 3%
Projected average home value in February 2025: $153,302
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32. New Bern, North Carolina
Average home value in February 2024: $241,162
Projected value growth over next year: 3%
Projected average home value in February 2025: $248,397
31. Savannah, Georgia
Average home value in February 2024: $328,730
Projected value growth over next year: 3%
Projected average home value in February 2025: $338,592
30. Charlotte
Average home value in February 2024: $376,847
Projected value growth over next year: 3%
Projected average home value in February 2025: $388,152
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29. Homosassa Springs, Florida
Average home value in February 2024: $280,307
Projected value growth over next year: 3.1%
Projected average home value in February 2025: $288,996
28. Jefferson, Georgia
Average home value in February 2024: $379,661
Projected value growth over next year: 3.1%
Projected average home value in February 2025: $391,431
27. Tampa
Average home value in February 2024: $389,571
Projected value growth over next year: 3.1%
Projected average home value in February 2025: $401,647
26. Johnson City, Tennessee
Average home value in February 2024: $252,491
Projected value growth over next year: 3.2%
Projected average home value in February 2025: $260,571
25. Burlington, North Carolina
Average home value in February 2024: $276,147
Projected value growth over next year: 3.2%
Projected average home value in February 2025: 3.20%
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24. Cleveland, Tennessee
Average home value in February 2024: $277,156
Projected value growth over next year: 3.2%
Projected average home value in February 2025: $286,025
23. Wilmington, North Carolina
Average home value in February 2024: $423,057
Projected value growth over next year: 3.2%
Projected average home value in February 2025: $436,595
22. Hilton Head Island, South Carolina
Average home value in February 2024: $520,798
Projected value growth over next year: 3.2%
Projected average home value in February 2025: $537,463
21. Naples, Florida
Average home value in February 2024: $726,893
Projected value growth over next year: 3.2%
Projected average home value in February 2025: $750,153
20. McAllen, Texas
Average home value in February 2024: $180,837
Projected value growth over next year: 3.3%
Projected average home value in February 2025: $186,805
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19. Hickory, North Carolina
Average home value in February 2024: $241,500
Projected value growth over next year: 3.3%
Projected average home value in February 2025: $186,805
18. Greenville, North Carolina
Average home value in February 2024: $250,902
Projected value growth over next year: 3.3%
Projected average home value in February 2025: $259,181
17. Fayetteville, Arkansas
Average home value in February 2024: $329,401
Projected value growth over next year: 3.3%
Projected average home value in February 2025: $340,271
16. Athens, Georgia
Average home value in February 2024: $341,740
Projected value growth over next year: 3.3
Projected average home value in February 2025: $353,017
15. Gainesville, Georgia
Average home value in February 2024: $374,385
Projected value growth over next year: 3.3%
Projected average home value in February 2025: $386,740
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14. Brownsville, Texas
Average home value in February 2024: $180,560
Projected value growth over next year: 3.4%
Projected average home value in February 2025: $186,699
13. Tullahoma, Tennessee
Average home value in February 2024: $281,807
Projected value growth over next year: 3.4%
Projected average home value in February 2025: $291,388
12. Rocky Mount, North Carolina
Average home value in February 2024: $188,307
Projected value growth over next year: 3.5%
Projected average home value in February 2025: $194,898
11. Fayetteville, North Carolina
Average home value in February 2024: $236,601
Projected value growth over next year: 3.5%
Projected average home value in February 2025: $244,882
10. Pinehurst, North Carolina
Average home value in February 2024: $402,068
Projected value growth over next year: 3.5%
Projected average home value in February 2025: $416,140
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9. Lumberton, North Carolina
Average home value in February 2024: $125,686
Projected value growth over next year: 3.6%
Projected average home value in February 2025: $130,211
8. Shawnee, Oklahoma
Average home value in February 2024: $169,162
Projected value growth over next year: 3.6%
Projected average home value in February 2025: $175,252
Pictured: Nearby Norman
7. Wilson, North Carolina
Average home value in February 2024: $200,574
Projected value growth over next year: 3.6%
Projected average home value in February 2025: $207,794
6. Greenville, Tennessee
Average home value in February 2024: $212,479
Projected value growth over next year: 3.7%
Projected average home value in February 2025: $220,340
Pictured: Nearby Pigeon Forge
5. Palatka, Florida
Average home value in February 2024: $198,905
Projected value growth over next year: 3.9%
Projected average home value in February 2025: $206,663
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4. Statesboro, Georgia
Average home value in February 2024: $252,519
Projected value growth over next year: 3.9%
Projected average home value in February 2025: $262,367
3. Lake City, Florida
Average home value in February 2024: $249,274
Projected value growth over next year: 4.1%
Projected average home value in February 2025: $259,494
2. Sebring, Florida
Average home value in February 2024: $242,964
Projected value growth over next year: 4.2%
Projected average home value in February 2025: $253,168
1. Knoxville, Tennessee
Average home value in February 2024: $332,689
Projected value growth over next year: 5.1%
Projected average home value in February 2025: $349,656
Methodology: For this piece GOBankingRates looked at exclusively southern (AL, AR, DE, DC, FL, GA, KY, LA, MD, MS, NC, OK, SC, TN, TX, VA, AND WV) metros within the 500 largest housing markets to find which southern cities are poised for the biggest spike in home value over the next year. To do this, GOBankingRates determined all qualifying metros, February 2024 home value; 1-year projected home value growth/decline, and projected February 2025 home value. Only southern metros with 3% or greater 1-year projection were included. All data was sourced from Zillow and is up to date as of April 4, 2024.
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This article originally appeared on GOBankingRates.com: Home Prices in These 34 Southern Cities Are Projected To Spike Most in 2025