In January 2024, Opendoor, a digital platform for residential real estate, released a report ranking the most popular ZIP codes for homebuyers in the united states. The report identified these areas based on the total number of homes that went into contract within 90 days of being listed for sale.
- Opendoor ranks popular U.S. ZIP codes.
- Katy, Texas is the top-ranked ZIP code.
- Texas dominates the top 10 list.
- Job growth influences buyer preferences.
- Cypress, Texas is the second most popular.
- Median home price in Katy is $379,900.
According to Nick Boniakowski, Opendoor’s Head of Agent Partnerships, the top ZIP codes reflect fast-growing cities with significant new development, often located near major urban centers. Texas dominated the list, featuring six cities among the top ten, highlighting job growth as a key factor for homebuyers.
Katy, Texas, ZIP code 77493, is identified as the most popular area for homebuyers, attributed to its affordability and job opportunities. The median listing price in Katy is $379,900, with median rent at $2,100. The suburb’s proximity to Houston, which hosts the third largest number of Fortune 500 companies in the U.S., enhances its appeal to residents seeking employment.
Other notable ZIP codes in the top ten include Cypress, Texas (ZIP code 77433), which ranks second. Cypress offers a similar blend of housing inventory and job growth, with an average home value of $404,577, reflecting a 0.8% increase over the past year. The area is recognized for its developed neighborhoods and strong school districts.
- Katy, Texas – ZIP code 77493
- Cypress, Texas – ZIP code 77433
- San Antonio, Texas
- New Braunfels, Texas
- Summerville, South Carolina
- Forney, Texas
- Yukon, Oklahoma
- Clarksville, Tennessee
- Parrish, Florida
- Kyle, Texas
Overall, the report underscores a trend where homebuyers are drawn to suburban areas that provide a balance of affordability, job opportunities, and proximity to larger cities. This pattern is particularly evident in Texas, which continues to attract significant population growth.
The findings from Opendoor’s report illustrate the growing preference for suburban living among homebuyers, particularly in Texas, where job growth and affordable housing options are prominent factors influencing purchasing decisions.
