EuropeTop 10 best cities to buy a home in southern Europe in 2023

Even with rising home values pushing buyers out, some real estate markets will remain hot in 2023, largely because of their relative affordability compared to the rest of the U.S., a new forecast shows.

The best locations are all in the Southern states. The National Association of Realtors (NAR) analyzed 179 markets based on various factors including housing affordability, job growth,''migration flows and housing supply to determine where buyers will be offered the most favorable options. The data reflects buyer demand in 2023 and is based on information for the most recent year ending October 2022.

The average home price in some of these markets is no cheaper than the national average of $398,500. However, these cities scored highly on other metrics such as job growth or housing supply.

The top 10 best places to buy a home in 2023, according to NAR:

Atlanta-Sandy Springs-Marietta, Georgia.Median home value: $371,200. With the growth of major tech companies like Apple, Microsoft, and Visa in recent years, the city''A strong labor market has developed. The Atlanta metro area is still relatively affordable compared to other parts of the country. More than 20% of renters can afford to purchase a median-priced home in the area, with a 10% down payment. The national average is 15.1%.
Raleigh, North Carolina. Median home value: $460,500. Raleigh is a fast-growing tech center with low unemployment. Home prices here have increased nearly 30% since 2020. However, as Jay Nelson, director of public relations for the Raleigh Association of Realtors, notes, "local home prices are down after peaking in the summer, housing inventory is up 188% over the past 12 months, and unemployment in Raleigh is lower than it was pre''pandemics'.
Dallas-Fort Worth-Arlington, Texas. Median home value: $390,100. Dallas-Fort Worth is another emerging tech hub in the U.S., with job growth nearly double the national average at 3.4 percent for the year ending October 2022. Although the supply of housing here is below the national average, the housing stock has increased in 2022, with the number of active offers exceeding the national average by three times.
Fayetteville-Springdale-Rogers, Arkansas-Missouri. Median home value: $328,400. This metroplex is home to three Fortune 500 companies - Walmart, Tyson Foods and J.B. Hunt Transport Services, and ranks second among the top 10' in housing affordability'year was more than double the national average.

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CharlestonNorth Charleston, South Carolina. Median home value: $416,800. Among the top 10 rankings, Charleston is second only to Raleigh for the highest median home value. However, this fast-growing market has strong migration and job growth that is nearly double the national average.

Huntsville, Alabama. Median home value: $327,500. Alabama's most populated city is the most affordable place to buy a home among this list. Nearly 30% of renters can afford a typical home with a 10% down payment, nearly double the national average. Growing Opportunities for''s employment and low cost of living will continue to attract even more people moving in 2023, according to NAR.

Jacksonville, Florida. Median housing cost: nearly on par with the national average. Jacksonville is more affordable than other areas of the state, according to NAR. The income needed to buy a typical home with a 10% down payment is about $98,000. That's less than most major metros across the state, including Miami, where the income needed with a 10% down payment is $140,000. Jacksonville also has a strong job market and a good supply of housing compared to the rest of the country.

San Antonio-New Braunfels, Texas. Average Cost''housing: $342,700. San Antonio became a popular migration destination during the pandemic, especially from California, where housing prices and cost of living are typically higher. The city has also become a target for many potential homebuyers who moved to San Antonio from neighboring Austin, largely due to lower home prices. In San Antonio, residents earning $85,000 can purchase a median-priced home including a 10% down payment, far less than the $130,000 required in Austin. Job growth is also above the national average.

Noxville, Tennessee.