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Home Prices Set to Soar: Jackson, MS Leads Surge

2/11/2025

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Summary

Story summary

Home prices are projected to rise significantly in 2024, with increases ranging from 14.9% to 28.7% in top markets.
Jackson, MS tops the list with a 28.7% increase, followed by Peoria, IL at 19.6% and Chattanooga, TN at 18.2%.
High demand and low inventory fuel competition, especially in the Midwest, the most affordable region.
Housing affordability has slightly improved, with typical monthly mortgage payments decreasing by 1.7%.

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Story summary

Home prices are projected to rise significantly in 2024, with increases ranging from 14.9% to 28.7% in top markets.
Jackson, MS tops the list with a 28.7% increase, followed by Peoria, IL at 19.6% and Chattanooga, TN at 18.2%.
High demand and low inventory fuel competition, especially in the Midwest, the most affordable region.
Housing affordability has slightly improved, with typical monthly mortgage payments decreasing by 1.7%.