90210 was all the rage in the '90s. The hot real estate zip codes of the 2020s are different.

  • As the coronavirus pandemic rages on throughout the country, markets that were able to recover the quickest from heightened outbreaks are becoming hot markets among homebuyers.
  • An August report by Realtor.com showed the hottest ZIP codes of 2020, and only one of the top five is in the west. 
  • Visit Business Insider's homepage for more stories.

In the middle of the coronavirus pandemic, people around the country are rethinking their living situations.

With working from home and social distancing as the new normal, many are looking for homes with more space both inside and out, so they are moving away from historically expensive and dense coastal cities.

However, this isn't a new trend. In fact, George Ratiu, Realtor.com's senior economist, told Business Insider in May that millennials have been ditching expensive cities for secondary markets for years. The pandemic has just accelerated the shift.

An August report by Realtor.com listed the 10 hottest ZIP codes of 2020, where homes are sold in an average of 18 days, 51 fewer than the national average. These areas are also 29% less dense than the 50 largest metro areas and were viewed by Realtor.com users 4.3 times more often than homes in the rest of the country.

The report said several factors contributed to making these ZIP codes the hottest of the year, including "affordability, strong local economies, and easy access to both downtown and outdoor spaces."

Some of the markets were also among the first to recover from COVID-19.

"Although many of these markets were hit by the COVID-19 pandemic first, they were also some of the first to recover, which allowed buyers to come out in force to make up for lost time during the typical spring home buying season. Pent-up demand has helped catapult these markets to the top of the list where homes are flying off the market 3.4 times faster than the average home," the report said.

The site's traffic has been mostly made up of millennial buyers. The smaller secondary markets on the list are growing more popular as millennials seek out more affordable housing, according to Realtor.com. In fact, the average household income for millennials in the 10 most popular codes is $82,011.

"The average millennial homeownership rate in this year's hottest ZIPs is 53%, compared to 43% for the rest of the country," the report said. 

Keep reading for the top five ZIP codes on the list. 

5. ZIP 04106 in South Portland, Maine

Average days the market: 21

The median list price: $377,000

As Realtor.com said, ZIP 04106  is on Casco Bay and not far from the city's downtown. This area tends to attract people from bigger cities, like Boston and New York, the site said.

4. ZIP 02176 in Melrose, Massachusetts

Average days the market: 19

The median list price: $644,000

The city of Melrose ranked No. 7 on last year's list. This Melrose ZIP code is just 10 miles north of Boston, according to Realtor.com.

3. ZIP 14617 in Rochester, New York

Average days the market: 18

The median list price: $162,000

According to Realtor.com, markets in Rochester have been gaining in popularity over the years because of the revitalization of the city. In fact, a Rochester ZIP code ranked No. 5 on last year's list.

2. ZIP 43068 in Reynoldsburg, Ohio

Average days the market: 17

The median list price: $204,000

It takes less than half an hour to get to Columbus, Ohio, from this suburban ZIP code, which is one of the area's most attractive features, according to Realtor.com.

1. ZIP 80911 in Colorado Springs, Colorado

Average days the market: 13

The median list price: $287,000

Coming in at No. 1, this is also the only ZIP code on the list that is in the West. The area is on the southern edge of Colorado Springs and boasts over 300 days of sunshine a year, according to Realtor.com.

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