9 Affordable Housing Hot Spots in the Most Expensive US Metros
There’s some good news for buyers looking for deals in the current housing market. Some of the most expensive metropolitan areas in the United States have pockets of affordable real estate nestled deep within them.
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To determine which metropolitan areas have affordable neighborhoods, the data team at Realtor.com reviewed home listing data for the month of September. They compared the median price per square foot and year-over-year appreciation for homes located in larger metros and ranked each ZIP code to determine where buyers could find the biggest savings.
Ranked from least to highest discount relative to its metropolitan area, check out these nine affordable housing pockets across expensive metropolitan areas.
9. 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
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8. 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
7. 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%
6. 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
5. 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
4. 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
3. 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
2. 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
1. 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
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This article originally appeared on GOBankingRates.com: 9 Affordable Housing Hot Spots in the Most Expensive US Metros