With the huge surge in housing prices and low inventory we saw in 2021 in many parts of the United States, you may be wondering if there are any affordable cities where you'd actually want to live? Turns out, there are! Check out this list of the top 10 trendy and affordable cities in the United States for buying a home.
Savannah, Georgia
New Orleans, Louisiana
Philadelphia, Pennsylvania
New Haven, Connecticut
Sioux City, Iowa
Albany, New York
Kalamazoo, Michigan
Eau Claire, Wisconsin
Baltimore, Maryland
Orlando, Florida
In case you're wondering how this list was compiled by Realtor.com,
"To come up with our list, the Realtor.com data team looked through the country’s 300 largest metro areas in search of ones that have a young, culture-rich urban experience but also plenty of affordable homes for sale.
To be included, each metro had to have plenty of amenities loved by the trendy set: yoga studios, breweries, and art house theaters, to name a few. Each metro recorded an increase in the population of 25- to 34-year-olds moving to the area from 2018 to 2019, according to the latest data available from the U.S. Census Bureau.
In order to weed out areas that could be out of reach for first-time homebuyers, we limited the list to places where the median home list price was $400,000 or less in November by using Realtor.com listing data. (Metros include the main city and the surrounding suburbs, towns, and smaller urban areas.)"
Source:
https://www.realtor.com/news/trends/where-the-cool-kids-are-10-trendy-u-s-metros-you-can-still-afford-to-buy-a-home/?identityID=5b61da44b0162aca25000040&MID=2021_1220_ArticleNL&RID=5526101382&cid=eml_promo_Marketing_NonPRSL_ArticleNL_cons.13900222_2021_1220_ArticleNL-hero-blogs_trends
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