Top 9 Affordable Housing Spots in Costly US Metros
In the current housing market, buyers hunting for deals might find a glimmer of hope amid some of the nation’s most expensive metropolitan areas. Nestled within these costly urban landscapes lie pockets of reasonably priced real estate, offering prospects for potential homebuyers seeking affordability.
Realtor.com’s data team embarked on a mission to identify affordable neighborhoods within metropolitan areas. Their strategy involved an extensive review of home listing data for September, meticulously evaluating the median price per square foot and year-over-year appreciation of homes in larger metros. This comprehensive analysis enabled them to rank ZIP codes, pinpointing areas where buyers could uncover substantial savings compared to their respective metropolitan areas.
Outlined below are nine affordable housing pockets across pricey metropolitan areas, each showcasing varying degrees of discounts relative to their encompassing urban landscapes:
Eatonville, Washington – Discount relative to metro: -22.1%
Metro: Seattle, Washington
Median home list price: $732,500
Year-over-year change in price per square foot: 19.7%
Metro’s median home list price: $799,000
Bridgeport, Connecticut – Discount relative to metro: -24.7%
Metro: Bridgeport, Connecticut
Median home list price: $395,000
Year-over-year change in price per square foot: 19.2%
Metro’s median home list price: $911,950
Ladson, South Carolina – Discount relative to metro: -25.8%
Metro: Charleston, South Carolina
Median home list price: $339,400
Year-over-year change in price per square foot: 14.6%
Metro’s median home list price: $525,000
Metro’s year-over-year change in price per square foot: 6.2%
Roxboro, North Carolina – Discount relative to metro: -28.8%
Metro: Durham, North Carolina
Median home list price: $312,400
Year-over-year change in price per square foot: 31.9%
Metro’s median home list price: $499,000
Homestead, Florida – Discount relative to metro: -35.6
Metro: Miami, Florida
Median home list price: $399,000
Year-over-year change in price per square foot: 13.5%
Metro’s median home list price: $599,000
Newton, Iowa – Discount relative to metro: -39.2%
Metro: Des Moines, Iowa
Median home list price: $225,950
Year-over-year change in price per square foot: 9.2%
Metro’s median home list price: $369,900
Rochester, New Hampshire – Discount relative to metro: -39.4%
Metro: Boston, Massachusetts
Median home list price: $474,000
Year-over-year change in price per square foot: 21.3%
Metro’s median home list price: $849,000
Vernon, New Jersey – Discount relative to metro: -43.7%
Metro: New York, New York
Median home list price in September: $245,500
Year-over-year change in price per square foot: 40.7%
Metro’s median home list price in September: $719,000
Brentwood, California – Discount relative to metro: -47.2%
Metro: San Francisco, California
Median home list price: $899,000
Year-over-year change in price per square foot: 6.8%
Metro’s median home list price: $1,095,000
