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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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