Millionaire In 10 Years? These Real Estate Markets Might Take You There

Several major housing markets in the West and Midwest are on track to join the million-dollar club within the next decade, according to new projections from Realtor.com.

Boise City, Idaho, leads the pack of emerging high-value markets, with median home prices expected to climb from $464,578 today to nearly $1.2 million by 2033. The forecast is based on the city’s 58.2% price growth rate observed between 2014 and 2019.

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The analysis, which examined price trajectories in America’s 100 largest metros, points to a broader trend of rising valuations in markets near existing high-cost areas. In California’s Central Valley, Stockton is a perfect example, with prices projected to reach $1.4 million by 2033, up from today’s median of $579,292.

“As the prices increase and price folks out of the immediate San Francisco Bay Area, people will venture further out into the Valley,” Nicole Brown, global real estate advisor at Corcoran Icon Properties, said to Realtor. “Stockton is a great location positioned between the metros of San Francisco and Sacramento.”

Other markets poised for appreciation include Salt Lake City, Portland, and Colorado Springs, all projected to cross the million-dollar threshold within 10 years. Denver and Sacramento are also expected to see substantial gains, with median prices potentially reaching $1.3 million and $1.1 million respectively.

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The Sun Belt, despite its rapid growth, shows notably different dynamics. “Even though the Sun Belt is growing fast, there’s still a lot of land and cheaper housing,” Yancy Forsythe, owner of Missouri Valley Homes, said in the report. “The availability of land makes it easier to build new homes, which keeps prices from jumping too high.”

Realtor.com economist Hannah Jones cautions that the projections assume current trends will continue. “If the local economy shifts, demand could fall and prices may not keep up with recent growth,” she said. “On the supply side, home construction could pick up, taking some pressure off of inventory, which would allow for slower price growth.”

The analysis used pre-pandemic data from 2014-2019 to avoid market distortions caused by recent economic upheavals, then applied those growth rates to current prices to generate the 10-year forecasts. 

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By this measure, Seattle tops the list in absolute terms, with prices potentially reaching $1.48 million by 2033, up from today’s $694,351.

Here is the entire list, according to Realtor's data:

Boise City, Idaho

• Current median price: $464,578
• Projected 2033 price: $1,162,910
• Growth rate: 58.2%

Salt Lake City, Utah

• Current median price: $493,414
• Projected 2033 price: $1,064,147
• Growth rate: 46.9%

Portland, Oregon

• Current median price: $501,245
• Projected 2033 price: $1,051,838
• Growth rate: 44.9%

Colorado Springs, Colorado

• Current median price: $454,673
• Projected 2033 price: $1,019,929
• Growth rate: 49.8%

Stockton, California

• Current median price: $579,292
• Projected 2033 price: $1,446,731
• Growth rate: 58.0%

Denver, Colorado

• Current median price: $547,966
• Projected 2033 price: $1,296,676
• Growth rate: 53.8%

Sacramento, California

• Current median price: $557,522
• Projected 2033 price: $1,103,325
• Growth rate: 40.7%

Boston, Massachusetts

• Current median price: $622,902
• Projected 2033 price: $991,804
• Growth rate: 26.2%

Honolulu, Hawaii

• Current median price: $683,086
• Projected 2033 price: $1,143,830
• Growth rate: 29.4%

Seattle, Washington

• Current median price: $694,351
• Projected 2033 price: $1,485,885
• Growth rate: 46.3%

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