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everal major housing markets in the West and Midwest are on track to reach million-dollar median home prices within a decade, according to Realtor.com's new projections. Boise City, Idaho, is leading this trend with expected median prices climbing from $464,578 today to nearly $1.2 million by 2033, driven by its 58.2% price growth rate between 2014 and 2019.

    The analysis of America's 100 largest metros points to a broader trend of rising valuations in markets near high-cost areas. In California's Central Valley, Stockton is expected to reach $1.4 million by 2033, up from today's median of $579,292. As prices increase and people are priced out of the San Francisco Bay Area, they will venture further into the Valley, making Stockton an attractive location.

    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.

    The Sun Belt, however, shows different dynamics due to its rapid growth and availability of land. This makes it easier to build new homes, keeping prices from jumping too high. Realtor.com economist Hannah Jones cautions that the projections assume current trends will continue, but local economic shifts or increased home construction could impact price growth.