Affordable Housing Markets That Remain Hidden Gems

January 10, 2022 10:58 am

Street of suburban homesRecently, the National Association of Realtors conducted a report of the 2022 Housing Market Hidden Gems, which reveals the top ten undervalued metro area housing markets in the U.S. This report measured wages, jobs, population growth, and housing permits over a three-year period. Additionally, the report measured the migration and percentage of the population between 25 and 44 years of age. The top ten markets in alphabetical order are:

  1. Dallas, TX
  2. Daphne, AL
  3. Fayetteville, AR
  4. Huntsville, AL
  5. Knoxville, TN
  6. Palm Bay, FL
  7. Pensacola, FL
  8. San Antonio, TX
  9. Spartanburg, SC
  10. Tucson, AZ

While many of these areas benefit significantly from remote work as buyers feel more comfortable moving out into less expensive cities, all of them had an estimated property value below the national median of $297,506. Of these cities, Dallas, TX proved to be the most expensive location, while Spartanburg, SC is the least expensive.

For more information about this list, click here.