The 8 hottest housing markets in America

Sharestates, an online real estate crowdfunding platform, has released its Fall report on the hottest housing markets in the country.

The company processes roughly $36 million in real estate investments each month. Now, its putting the data from all that funding to work by ranking the areas of the country which are seeing the most attention from real estate investors right now.

Not surprisingly, many of the hotspots are in major metropolitan areas like New York City or Philadelphia, but there are some outliers, too, Sharestates founder and CEO Allen Shayanfekr told Business Insider.

"I was surprised to see Kissimmee, Florida to be included in the top 10," he said in an email. "I expected to see almost all of the investment potential in markets in the upper east coast, based on the rapid growth that area continues to see year over year."

Places on the list are ranked by three metrics:

Return on Investment (ROI): The rate of return to Sharestates loan investors.

ARV: The ratio of the total loan amount, including acquisition and rehab financing, compared to the After Repair Value.

Increase in demand from 2016 to 2017: Percent of 2017 Sharestates loans in the listed areas compared to 2016.

"Each of these cities is seeing increased interest from investors," said Shayanfekr. "The majority of the properties in these 10 markets are considered to be reasonably priced and relatively affordable, providing investors with the potential to make a sizeable return. But what these cities all have in common, in addition to great people, is a competitive and demand-based real estate market that helps drive investment and monetary returns."

Scroll to check out the hottest real estate markets in America right now, based on Sharestates' data: