Deal Hunting: Where to find undervalued real estate in the US

It is well known that real estate prices are up, and they dont seem to be going down anytime soon. From Green Bay to Orlando and everywhere in between; potential home buyers are feeling the heat. While home values are relative to location, the average rent for a studio in San Francisco, California is crazy. Such studio costs the same as approximately 5 months of rent for a much larger apartment in Cleveland, Ohio. Most sources agree that prices overall won’t be trending downward anytime soon. That said, there are actually some areas in the US that have what can be considered as an undervalued market. If you’re looking to score a deal on real estate these are the areas to check out. All include the metro area unless otherwise noted.

Alabama:

Decatur
Tuscaloosa
Montgomery
Auburn-Opelika
Mobile

Arkansas:

Pine Bluff

Arizona:

Yuma

California:

Chico
Merced
Fresno
Hanford-Corcoran
Bakersfield
Visalia-Portersville
Madera
El Centro
Yuba City

Connecticut:

Bridgeport-Stamford-Norwalk
New Haven-Milford
Norwich-New London
Hartford-West
Hartford-East

Georgia:

Macon-BiBB County
Warner Robins
Albany, Hinesville
Valdosta

Idaho:

Pocatello

Illinois:

Carbondale-Marion
Springfield
Decatur
Bloomington
Peoria
Danville
Kankakee
Elgin (Metropolitan Division)
Rockford

Indiana:

Bloomington
Indianapolis-Carmel-Anderson
Kokomo
Lafayette-West Lafayette
Gary (Metropolitan Division)
Michigan City-La Porte

Iowa:

Waterloo-Cedar Falls
Cedar Rapids

Kansas:

Wichita
Lawrence

Kentucky:

Bowling Green
Elizabethtown-Fort Knox

Maine:

Bangor

Maryland:

Springfield

Michigan:

Kalamazoo-Portage
Grand Rapids-Wyoming
Lansing-East Lansing
Jackson
Midland
Saginaw
Warren-Troy-Farmington Hills (Metropolitan Division)
Detroit-Dearborn-Livonia
Monroe
Niles-Benton Harbor
Battle Creek
Flint
Bay City

Mississippi:

Gulfport-Biloxi-Pascagoula
Jackson

Missouri:

Columbia
Joplin

New Hampshire:

Rockingham County-Strafford County

New Jersey:

Vineland-Bridgeton
Camden (Metropolitan Division)

New Mexico:

Santa Fe
Las Cruces

New York:

Rochester
Syracuse

North Carolina:

Fayetteville
Greensboro-High Point
Burlington
Goldsboro
Jacksonville
Greenville
Rocky Mount

Ohio:

Toledo
Mansfield
Cleveland-Elyria
Canton-Massillon
Springfield
Dayton
Lima
Akron
Canton-Massillon

Oklahoma:

Lawton

Pennsylvania:

Pittsburgh
Erie, Johnstown
Altoona

South Carolina:

Columbia
Florence
Sumter

Tennessee:

Jackson

Washington:

Yakima

West Virginia:

Parkersburg-Vienna

Wisconsin:

Janesville-Beloit
Wausau
Fond du Lac
Sheboygan

Wyoming:

Casper

State Borderline Areas

Alabama-Georgia:

Columbus

Connecticut-Maryland:

Worcester

Georgia-South Carolina:

Augusta-Richmond County

Illinois-Wisconsin:

Lake County-Kenosha County

Indiana-Michigan:

South Bend-Mishawaka

Iowa-Nebraska-South Dakota:

Sioux City

Kentucky-Indiana:

Evansville

Ohio-Kentucky-Indiana:

Cincinnati

Ohio-Pennsylvania:

Youngstown-Warren-Boardman

Ohio-West Virginia:

Weirton-Stuebenville

Mississippi-Tennessee-Arkansas:

Memphis

Missouri-Illinois:

St. Louis, Cape Girardeau

Pennsylvania-New Jersey:

Allentown-Bethlehem-Easton

Selling your home can be a tiring task, but we’re here to help! We here at RealtyHive understand that, and hope to make the experience as simple as possible for you. Our blog contains a number of articles that may be useful in figuring out the world of real estate. Take a look below!

Other Articles:

How much is my house worth?

Why isn’t my house selling?

Should I sell my house myself?

Can I sell my property online?

How to properly price your property!

How to set your listing up for success

Source: CoreLogic Home Price Insights. (n.d.). Retrieved December 05, 2017, from http://www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_171205_oJ2fR#

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Tristin Zeman

Tristin Zeman is the Digital Advertising and SEO Specialist for RealtyHive. A Wisconsin native, Tristin enjoys travel, cooking, yoga, and the outdoors. You can find her writing about real estate trends, marketing topics, international advice and general lifestyle and interest pieces.