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

It is well documented that real estate prices are up. From Augusta, Georgia to Augusta, Maine, Anchorage to Orlando and everywhere in between, potential home buyers are feeling the pinch. While home values are relative to location– the average rent for a studio in San Francisco, California equals 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, when considering that what you get is what you pay for, 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, here are some of the markets you need 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 Hartford

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

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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