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Redfin Ranks Top 10 U.S. Neighborhoods by Buyer Demand Growth for 2026

Redfin's annual ranking shows the region dominating for the second year as buyers seek affordability amid a national median home price above $400,000. Florida neighborhoods took the top two spots while Wisconsin, Michigan and Missouri rounded out the list. First-time buyer share fell to a record low of 21 percent in 2025 as the typical age rose to 40.

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1 source·May 7, 10:30 PM(1 day ago)·3m read
Redfin Ranks Top 10 U.S. Neighborhoods by Buyer Demand Growth for 2026nypost.com
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U.S. for 2026 are in the Midwest, according to a Redfin analysis released Wednesday. The ranking, which measures year-over-year growth in listing views and buyer competition across the 100 most populous metro areas, shows six of the top 10 neighborhoods located in Midwestern metros for the second year in a row.

Redfin Senior Economist Asad Khan wrote in the report that many of these neighborhoods sit just outside major hubs like Milwaukee, Chicago, and Tampa, offering lower cost of living without giving up access to highly rated schools, shopping, and dining.

Land O’ Lakes, Florida, in the Tampa metro, led the list with a median sale price of $425,000, followed by Plant City, Florida, also in the Tampa metro, at $320,000. Oak Creek, Wisconsin, in the Milwaukee metro, ranked third at $381,200.

The full Redfin ranking continues with Oceanside, New York, in Nassau County at $725,000; West Bend, Wisconsin, in the Milwaukee metro at $350,000; Lincoln Park, Michigan, in the Detroit metro at $158,000; Lee’s Summit, Missouri, in the Kansas City metro at $397,500; Little Neck, Queens, New York, in the New York City metro at $796,500; Howell, Michigan, in the Warren metro at $385,000; and Menomonee Falls, Wisconsin, in the Milwaukee metro at $410,000.

Wisconsin had three of the hottest neighborhoods in the top 10: Oak Creek, West Bend, and Menomonee Falls. Michigan claimed two more with Lincoln Park near Detroit and Howell in the southeast part of the state.

Lee’s Summit, Missouri, rounded out the Midwest’s six neighborhoods in the ranking. Two Florida neighborhoods near Tampa took the top two spots while the New York City area placed a pair of suburbs, Oceanside and Little Neck, Queens, on the list. Housing costs in the Midwest can be at least 30 percent cheaper than in major coastal metros.

U.S. median home price has surpassed $400,000. Lincoln Park, Michigan, stands out with a median sale price of $158,000, less than half the national figure, while Oak Creek sits at $381,200 and Lee’s Summit at $397,500.

Demand is rising rapidly in these markets. Lincoln Park has seen a 14 percent year-over-year increase in home sales, with nearly 40 percent of homes sold above asking price. More than one-quarter of homes sold above asking in Howell.

In Oak Creek, 38 percent of homes sold above their listing price. 6 percent. 7 percent year over year.

“It’s pretty low inventory,” Anne Loehr, a Michigan-based Redfin Premier real estate agent, said in the report.

U.S. Census Bureau and Federal Financial Institutions Examination Council data, shows that seven of the 10 most accessible metros for young homeowners are in the Midwest. “For many, it’s not just about cheaper homes, but about being able to build wealth earlier without drowning in overhead,” Danielle Andrews, a real estate agent with Realty One Group Next Generation, previously told Fortune.

” Borrowing costs remain a headwind.

3 percent as of April 30, according to Freddie Mac, after the Federal Reserve held rates steady for a third time this year. Rates briefly dipped below 6 percent in mid-April before climbing back. They are still nearly double their pandemic-era lows, which were sub-3 percent.

The first-time buyer squeeze intensified in 2025. The share of first-time home buyers fell to a record low of 21 percent that year, according to a National Association of Realtors report. The typical age of a first-time buyer climbed to an all-time high of 40.

“The historically low share of first-time buyers underscores the real-world consequences of a housing market starved for affordable inventory,” Jessica Lautz, NAR deputy chief economist and vice president of research, said in a statement. The Fortune 500 Innovation Forum will convene in Detroit on Nov. 16-17.

Key Facts

Six of top 10 hottest neighborhoods are in Midwest
Wisconsin has three (Oak Creek, West Bend, Menomonee Falls), Michigan has two (Lincoln Park, Howell), Missouri has one (Lee’s Summit); second consecutive year o
Lincoln Park, Michigan median sale price $158,000
14 percent year-over-year increase in home sales with nearly 40 percent sold above asking; lowest price on Redfin's 2026 hottest list
U.S. median home price surpassed $400,000
Midwest housing costs at least 30 percent cheaper than major coastal metros; first-time buyer share hit record low 21 percent in 2025
West Bend, Wisconsin sees 45.1 percent of homes sell above l
Median prices up 16.7 percent year-over-year; Oak Creek at 38 percent above list and 12.8 percent price growth

Story Timeline

5 events
  1. 2026-05-07

    Redfin releases 2026 hottest neighborhoods analysis showing Midwest dominance for second year

    1 source@FortuneMagazine
  2. 2025-07

    ConsumerAffairs publishes analysis showing seven of 10 most accessible metros for young homeowners in Midwest

    1 source@FortuneMagazine
  3. 2025

    First-time homebuyer share falls to record low of 21 percent and typical buyer age rises to 40

    1 source@FortuneMagazine
  4. 2026-04-30

    30-year fixed mortgage rate averages 6.3 percent after Federal Reserve holds rates steady for third time this year

    1 source@FortuneMagazine
  5. 2025-11-16

    Fortune 500 Innovation Forum scheduled to convene in Detroit

    1 source@FortuneMagazine

Potential Impact

  1. 01

    Persistent high mortgage rates near 6.3 percent continue to suppress first-time buyer participation

  2. 02

    Young buyers increasingly drawn to Midwest for wealth-building potential as coastal markets remain out of reach

  3. 03

    Accelerated demand in Midwest suburbs could further reduce already low inventory and push prices higher

  4. 04

    Detroit area gains visibility from both housing affordability data and upcoming Fortune 500 Innovation Forum

Transparency Panel

Sources cross-referenced1
Confidence score75%
Synthesized bySubstrate AI
Word count614 words
PublishedMay 7, 2026, 10:30 PM
Bias signals removed1 across 1 outlet
Signal Breakdown
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