14 cities in the U.S. where not buying a home will be an opportunity you'll regret missing in 10 years
Although the real estate market is often viewed in general terms, variations in prices and market dynamics can vary widely by location. For example, according to data from Zillow, the expected annual growth rate for home prices in the U.S. as a whole is 1.7%, with a median price of $395,220 expected to be reached by 2033. But in fast-growing markets like Columbia, Missouri, the expected rate is 6.4% - more than three times the national average.
To determine the most attractive cities to buyreal estate in the next decade, GOBankingRates looked at homes currently priced below the national average of $333,910 with an expected growth rate above the projected''national rate of 1.7%. We cautioned that, of course, home prices do not move in a strictly linear fashion; however, the expected annual growth rate was used primarily to identify real estate markets moving in the right direction. Cities that meet these criteria and expect to exceed the national average in the near future are included here in reverse order of their ranking.
14. Dover, Delaware
March 2023 home value: $327,620
March 2023 home value: $327,620
Year-over-year growth projection: 2.1%
The year housing values will exceed the national average: 2028
Predicted housing value in 2033: 403,300''dollars
13. Lakeland, FL
March 2023 home value: $312,534
The year housing values will exceed the national average: 2031
Projected housing value in 2033: $403,991
12. Huntsville, Alabama
March 2023 home value: $286,064
Predicted annualized growth rate: 3.9%
The year housing values will exceed the national average: 2031
Predicted housing value in 2031: $388,497
Predicted housing value in 2033: 419,391''dollars
11. Pensacola, FL
March 2023, home value: $288,127
Predicted annualized growth rate: 3.9%
The year housing values will exceed the national average: 2030
Predicted housing costs in 2033: $422,415
10. Albuquerque, New Mexico
March 2023 home value: $311,467
Predicted annualized growth rate: 3.1%
The year housing values will exceed the national average: 2029
Predicted housing value in 2029: $374,080
Predicted housing value in 2033: 422,668''dollars
9. Yakima, Washington
March 2023 home value: $325,233
Predicted year-over-year growth: 3.1%
The year housing values will exceed the national average: 2025
Projected housing costs in 2033: $441,348
8. Fayetteville, Arkansas
March 2023 home value: $311,752
Predicted annualized growth rate: 3.8%
The year housing values will exceed the national average: 2027
Predicted housing value in 2033: 452,671''dollars
7.
26 October
March 2023 home value: $328,632
Predicted annualized growth rate: 3.3%
The year housing values will exceed the national average: 2025
Projected housing costs in 2033: $454,688
6. Savannah, Georgia
March 2023 home value: $297,773
Predicted annualized growth rate: 4.5%
The year housing values will exceed the national average: 2028
Predicted housing value in 2028: $371,080
Predicted housing value in 2033: 462,433''dollars
5. Knockville, Tennessee
March 2023 home value: $299,255
Predicted annualized growth rate: 4.5%
The year housing values will exceed the national average: 2028
Projected housing value in 2033: $464,734
4. Panama City, Florida
March 2023 home value: $321,252
Predicted annualized growth rate: 3.9%
The year housing values will exceed the national average: 2025
Predicted housing value in 2025: $346,798
Predicted housing value in 2033: 470,979''$
3. Athens, Georgia
March 2023 home value: $319,124
Predicted annual growth rate: 4%
The year housing values will exceed the national average: 2026
The projected housing value in 2026: $358,971
Projected housing value in 2033: $472,382
2. Atlantic City, New Jersey
March 2023 home value: $325,013
Predicted annualized growth rate: 4%
The year housing values will exceed the national average: 2025
The projected housing value in 2025: $351,534
Predicted housing value in 2033: 481,098''dollars
1. Columbia, Missouri
March 2023 home value: $271,245
Predicted annualized growth rate: 6.4%
The year housing values will exceed the national average: 2028
Predicted housing value in 2028: $369,888
Predicted home value in 2033: $504,403
Methodology: GOBankingRates took the median home value in the U.S. and projected its growth over 10 years using a one-year forecast from Zillow for March 2023-2024. This forecast was then compared to the forecasts of the 250 largest metros in the U.S. and the metros in the top 250 that currently have home prices below the national median to those that would exceed''s national average over the next 10 years (as well as their projected growth over the same period) to be considered a "place you'd want to buy." For each metro for the next ten years, GOBankingRates found the following factors: (1) the year the metro becomes 'affordable'; (2) the projected home value for that year; and (3) the projected U.S. median home value for that year. NOTE: GOBankingRates does not expect home value growth to remain stable at one current rate for the next decade, but using these constant figures gives us an idea of the direction certain markets are headed without unforeseen market disruptors in the future. All of the information used to conduct this research was collected and''verified May 3, 2023.
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